{"id":11443,"date":"2012-06-13T23:14:18","date_gmt":"2012-06-13T21:14:18","guid":{"rendered":"http:\/\/www.myza.co.za\/06\/south-africa-stocks-rise-as-beat-down-implats-gains\/"},"modified":"2012-06-13T23:14:18","modified_gmt":"2012-06-13T21:14:18","slug":"south-africa-stocks-rise-as-beat-down-implats-gains","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/south-africa-stocks-rise-as-beat-down-implats-gains\/","title":{"rendered":"South Africa stocks rise as beat-down Implats gains"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 rises 0.5 percent to 30,050.04<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Retailers weaker after sales figures<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, June 13<\/span> (Reuters) &#8211; South African shares rose<br \/>\nslightly on Wednesday with investors returning to major platinum<br \/>\nminer Impala Platinum, seen as relatively cheap after<br \/>\nbeing beaten down for weeks due to the fall in the spot price of<br \/>\nthe precious metal.<\/p>\n<p><span><\/span><\/p>\n<p>Trade was thin with many market players waiting for the<br \/>\nresults of elections in Greece this weekend that will have a<br \/>\nhuge impact on the euro zone, which is South Africa&#8217;s biggest<br \/>\ntrading bloc partner and the main export market for its<br \/>\nmanufactured goods.<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark index Top-40 index ended 0.56 percent<br \/>\nstronger at 30,050.04. The broader All-share index<br \/>\ngained 0.54 percent to 34,037.83.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;There has not been any driving activity today,&#8221; said<br \/>\nMichael Carlsson, a trader at Consilium Capital. &#8220;Everyone is<br \/>\nsitting back and waiting for Sunday&#8217;s Greek elections.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>Share prices in Johannesburg were negative for most of the<br \/>\nday but turned positive in late afternoon when European shares<br \/>\n cut losses.<\/p>\n<p><span><\/span><\/p>\n<p>Implats was the best-performing Top-40 stock, rising nearly<br \/>\n4 percent to 141.69 rand. The price is still down 15 percent<br \/>\nthis year.<\/p>\n<p><span><\/span><\/p>\n<p>Coal of Africa, a small producer, rose nearly 5<br \/>\npercent to 4.88 rand after the company said its estimated<br \/>\nreserves in the Greater Soutpansberg area stood at 8 billion<br \/>\ntonnes, an increase of over 400 percent from previous estimates.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Top-40 rises 0.5 percent to 30,050.04 * Retailers weaker after sales figures JOHANNESBURG, June 13 (Reuters) &#8211; South African shares rose slightly on Wednesday with investors returning to major platinum miner Impala Platinum, seen as relatively cheap after being beaten down for weeks due to the fall in the spot price of the precious [&hellip;]<\/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-11443","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\/11443","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=11443"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/11443\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=11443"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=11443"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=11443"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}