The Red Eye
18 April 2013
Close price
Daily %
change
Month to
date
Year to
date
Last 12
months
FTSE/JSE indices
All-Share Index
37 801.67
All-Share Index Total Return
4 682.67
Resources Index
23 473.32
Industrials Index
48 108.05
Financials Index
29 956.89
Top 40 Index
33 230.97
Shareholder Weighted Index
11 753.96
SA Listed Property Index
1 419.72
SA Volatility Index
17.38
Interest-bearing indices
BEASSA All Bond Index
450.83
SteFI Composite Index
283.82
Inflation-Linked Bond Index
557.87
Interest rates
Prime rate
8.5%
Repo rate
5.0%
Commodities (in US dollars)
Gold price
1 377.65
Platinum price
1 426.00
Oil price
97.66
Global indices (in base currency)
Dow Jones (US)
14 618.59
S&P 500 (US)
1 552.01
FTSE (UK)
3 292.19
Nikkei (Japan)
13 382.89
CAC 40 (France)
3 599.23
DAX (Germany)
670.97
MSCI Emerging
1 001.10
MSCI Developed
1 420.70
US Volatility Index
16.51
Exchange rates
Rand/US dollar
9.17
Rand/euro
11.94
Rand/pound
13.97
Dollar/euro
1.30
Inflation indicator
CPI
Group indicator
-1.6%
-1.6%
-3.3%
-0.9%
-1.3%
-1.9%
-1.1%
-0.1%
3.9%
-5.2%
-5.0%
-10.8%
-2.8%
-3.0%
-5.8%
-4.1%
1.0%
5.5%
-3.7%
-2.6%
-17.1%
2.5%
1.9%
-4.5%
-2.5%
10.3%
24.1%
11.0%
14.4%
-13.9%
25.2%
19.8%
10.6%
15.3%
38.1%
-15.1%
0.8%
0.0%
-0.1%
2.9%
0.3%
1.5%
3.9%
1.5%
3.4%
16.0%
5.4%
18.7%
0.0%
0.0%
-5.6%
-9.1%
0.6%
-1.6%
-1.6%
-13.7%
-9.2%
-11.2%
-17.7%
-7.3%
-12.1%
-16.1%
-9.6%
-16.6%
-0.9%
-1.4%
-0.9%
1.2%
-2.3%
-2.2%
-0.8%
-1.3%
18.3%
0.3%
-1.1%
-2.6%
7.9%
-3.5%
-3.6%
-3.3%
-1.0%
30.0%
11.6%
8.8%
6.4%
28.7%
-1.1%
-0.3%
-5.1%
6.1%
-8.4%
12.2%
12.0%
10.2%
38.4%
11.1%
12.6%
-2.2%
10.7%
-11.4%
0.5%
-0.6%
-0.3%
-1.1%
-0.7%
1.1%
-0.2%
1.6%
9.2%
7.9%
0.0%
-1.3%
17.0%
16.1%
11.2%
-0.7%
5.9%
MMI Holdings
22.30
-0.8%
-4.0%
0.6%
28.9%
Momentum ICI
57.03
0.0%
-0.3%
1.1%
9.3%
Today's sport
Channel
Market Update
The JSE extended its losses in late trade on Wednesday to
slip to a 4-month low amid negative global sentiment‚ and
stock futures finished nearly 2% lower. The fixed-income
market rallied‚ however‚ boosted by better than expected
domestic consumer price index data‚ while the rand lost
further ground on global risk aversion.
The April 2013 International Monetary Fund (IMF) Fiscal
Monitor has cut the fiscal deficit to gross domestic product
ratio for South Africa to 4.5% in calendar 2013 from 4.6% in
calendar 2012 and forecasts that it will reduce further to
4.0% in 2014. This compares with the 2013 projection of
4.9% in 2013 and 4.3% in 2014 made in the October 2012
Fiscal Monitor. The IMF said the medium-term budget policy
statement has reaffirmed the commitment to fiscal
consolidation‚ but with the onset of tightening delayed by a
year‚ which translates into a neutral stance for this year. The
authorities are aiming to deliver about half of the future
adjustment through containment of the wage bill‚ but
additional measures are not yet defined. “With growth
weakening in many parts of the world and downside risks on
the rise‚ fiscal consolidation remains challenging. However‚
considerable progress has been made over the last two
years in strengthening the fiscal accounts following their
sharp deterioration in 2008–09‚ and more is planned‚” the
agency said.
The South African Post Office (Sapo) has exceeded its
budget for staff expenses by R16m as a result of additional
costs incurred during the recent strike action and the
conversion of casual staff. Post Office chief financial officer,
Khumo Mzozoyana also told Parliament’s communication
portfolio committee on Tuesday that revenue for the third
quarter of 2011-12 was below budget by R196m. The Post
Office has been saddled by strike action in recent months‚
which led to nearly 600 workers being dismissed following an
illegal strike caused by a fake court document that stated
workers were owed significant amounts of money by the
Post Office.
With low growth and rising inflation‚ South Africa’s economy
was not "a healthy place" and it faced the risk of stagflation if
growth did not occur as expected and inflationary pressures
rose‚ Reserve Bank governor Gill Marcus warned on
Tuesday. Stagflation occurs when demand is weak and
inflation and unemployment are high‚ and is difficult for
policy makers to deal with as attempts to reduce inflation
can worsen unemployment. Japan struggled with stagflation
for decades and the UK is now haunted by its spectre.
Details
Cricket
Tennis
Cricket
Golf
Start time
09:30am
10:30am
04:15pm
09:00pm
Tomorrow's weather
Johannesburg
Cape Town
Bloemfontein
Durban
Pretoria
10°C - 19°C
Sun:07:13/18:18
Chance of rain 0%
6°C - 21°C
Sun:06:37/17:52
Chance of rain 25%
14°C - 19°C
Sun:06:19/17:32
Chance of rain 60%
13°C - 20°C
Sun:06:26/17:47
Chance of rain 61%
13°C - 19°C
Sun:06:27/17:48
Chance of rain 70%
SS6
Zim Cricket - Test Series, Zimbabwe V Bangladesh 1st Test Day 2
SHD4, SS5 ATP World Tour 1000, Monte - Carlo Rolex Masters Last 16
SH2, SS2 Pepsi Indian Premier League T20, Delhi Daredevils v Chennai Super Kings
SHD, CSN, SS1
PGA Tour, Rbc Heritage Day 1
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Sources I-Net Bridge, Stats SA website, www.weathersa.co.za, www.sport24.co.za