{"id":11120,"date":"2012-06-05T22:53:38","date_gmt":"2012-06-05T20:53:38","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/miners-gain-in-south-africa-telecoms-take-a-hit\/"},"modified":"2012-06-05T22:53:38","modified_gmt":"2012-06-05T20:53:38","slug":"miners-gain-in-south-africa-telecoms-take-a-hit","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/miners-gain-in-south-africa-telecoms-take-a-hit\/","title":{"rendered":"Miners gain in South Africa, telecoms take a hit"},"content":{"rendered":"

\t\t<\/span><\/p>\n

* Top-40, All-Share gain over 0.1 pct<\/span><\/p>\n

<\/span><\/p>\n

* Telkom down over 6 pct<\/p>\n

<\/span><\/p>\n

JOHANNESBURG, June 5<\/span> (Reuters) – South African stocks posted
\nmodest gains on Tuesday with stronger-than-expected data on the
\nU.S. service sector boosting Johannesburg’s beaten-down mining
\nsector.<\/p>\n

<\/span><\/p>\n

Exxaro climbed over 2 percent to 193.25 rand after
\nthe diversified miner said it would upgrade a railway line in
\nthe Republic of Congo to transport millions of tonnes of ore
\nfrom its recently acquired Myoko project.<\/p>\n

<\/span><\/p>\n

“The market are still concerned about the overseas situation
\nbut it looks like we have reached levels where there is buying
\ninterest, especially for some mining shares that have been hit
\nquite hard in recent times,” said Afrifocus Securities portfolio
\nmanager Ferdi Heyneke.<\/p>\n

<\/span><\/p>\n

“We are moving further on the upside. It looks like we can
\nprobably trend a bit higher there at the moment.”<\/p>\n

<\/span><\/p>\n

The JSE Top-40 blue-chip index was up 0.12 percent
\nat 29,180.76 and the broader All-share index gained
\n0.13 percent to 33,117.85.<\/p>\n

<\/span><\/p>\n

Johannesburg’s mining index gained over 1 percent,
\nits biggest intra-day gain in about a week. Platinum miners have
\nbeen hard hit by falls in the spot price for the precious metal
\nover the past few months.<\/p>\n

<\/span><\/p>\n

Clover was up 2.2 percent to 13.70 rand – its
\nbiggest intra-day gain in two months. The dairy foods maker is
\nacquiring a juice processor and announced on Tuesday it had
\nrenewed an outsourcing agreement with a logistics firm.
\n\u00a0 Continued…<\/strong><\/span><\/p>\n

<\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

* Top-40, All-Share gain over 0.1 pct * Telkom down over 6 pct JOHANNESBURG, June 5 (Reuters) – South African stocks posted modest gains on Tuesday with stronger-than-expected data on the U.S. service sector boosting Johannesburg’s beaten-down mining sector. Exxaro climbed over 2 percent to 193.25 rand after the diversified miner said it would upgrade […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-11120","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11120","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=11120"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11120\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11120"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11120"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11120"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}