Lead Story
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Treasury argues ‘point-matching’ proposal may be unconstitutional
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ALSI
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Industrial
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Industrial 25
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Financial
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Gold
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Dow Jones
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Nasdaq
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Nikkei
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FTSE 100
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CAC 40
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DAXX
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Market News
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THE rand continued to trade in a range this morning, but with focus on the local currency's performance against the euro.
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SOUTH AFRICAN bonds were virtually unchanged from their overnight levels in early trade today ahead of mining and manufacturing data later in the day.
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GOLD regained some strength today after falling to its lowest in nearly two weeks the previous day, although poor technicals and failure to sustain recent gains may spur selling, traders said.
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JAPAN’S Nikkei average hit a seven-week closing high today, with exporters such as Sony Corp climbing after US wholesale inventories fell unexpectedly in January and in wake of the yen’s dip to a two-week low the previous day.
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STOCKS in Hong Kong and China were lower at midday today, spurred by concerns over monetary tightening after the latest economic data from China showed a pick-up in inflation. Bank of China fell in Hong Kong after it announced a fundraising plan.
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SOUTH African stocks ended firmly in the black yesterday, amid positive economic trade data out of China, which boosted commodity stocks, a local trader said.
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 THE difficulty for individual investors trying to beat the professionals is twofold: firstly, they do not have the time, experience, resources or relationships; secondly, they’re risking their own money — which not only affects their judgment, but doesn’t allow them to draw a salary during the bad times.
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 As Service Delivery protests increase day by day - ratepayers are withholding cash saying municipalities are so badly run that budgets for maintenance are spent on parties and big salaries instead of maintaining water pipes and roads.
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 Local Mobile Phone Company MTN reports it’s increased it’s subscription base by 28% to 116 million users at the end of December 2009.
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 Sanlam has reported normalised headline earnings per share for the year to end-December jumped 133% to 218,9 cents, in line with its forecast of a 130-140% rise.
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 PRESIDENT Jacob Zuma yesterday finally declared his financial interests but it is still unclear what the interests are.
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 The Department of Mineral Resources would not approve the controversial application by state-owned mining company African Exploration Mining and Finance Corporation to prospect and possibly mine in the Western Cape winelands, director-general Sandile Nogxina said yesterday.
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 Former Constitutional Court judge in court as Zille challenges JSC’s decision on Western Cape judge-president
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 The South African Revenue Service (SARS) conducted 1740 in-depth investigations of individual taxpayers in the 2008-09 tax year out of a total of 72926 audits across all tax types and on all categories of taxpayers, Finance Minister Pravin Gordhan said in a written reply to a parliamentary question about lifestyle audits.
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