{"id":12144,"date":"2012-07-06T00:14:19","date_gmt":"2012-07-05T22:14:19","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/rate-cuts-boost-s-african-miners\/"},"modified":"2012-07-06T00:14:19","modified_gmt":"2012-07-05T22:14:19","slug":"rate-cuts-boost-s-african-miners","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/rate-cuts-boost-s-african-miners\/","title":{"rendered":"Rate cuts boost S.African miners"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Main indices up 0.5 percent<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Exxaro in biggest one-day gain in four months<\/p>\n<p><span><\/span><\/p>\n<p>By Tebogo Mahlaela<\/p>\n<p><span><\/span><\/p>\n<p>JOHANNESBURG, July 5 (Reuters) &#8211; South African shares gained<br \/>\nslight ground on Thursday, buoyed by three global central bank<br \/>\nrate cuts to jump start economic activity, boosting miners such<br \/>\nas Kumba Iron Ore.<\/p>\n<p><span><\/span><\/p>\n<p>Minerals are South Africa&#8217;s main exports and roiling<br \/>\neconomies in its trading partners often mean slower growth at<br \/>\nhome. Diversified miner Exxaro added 3.4 percent to<br \/>\n205.43 rand, its biggest one-day rise in four months.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Resources companies like Kumba and Exxaro moved up quite<br \/>\nsharply because people were expecting the rate cut in the ECB,&#8221;<br \/>\nsaid Michael Carlsson, a trader at Consillium Capital.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It&#8217;s a win-win situation. Equities are in play at the<br \/>\nmoment and any good economic news that comes up will support<br \/>\nequities and if we have any bad data coming out, stimulus and<br \/>\nquantitative easing will come in and help support the markets.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40 index rose 0.5 percent to 30,057.03 and<br \/>\nthe All-Share index added a similar margin to<br \/>\n34,222.58.<\/p>\n<p><span><\/span><\/p>\n<p>Kumba ended 3.4 percent stronger at 579.75 rand.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Main indices up 0.5 percent * Exxaro in biggest one-day gain in four months By Tebogo Mahlaela JOHANNESBURG, July 5 (Reuters) &#8211; South African shares gained slight ground on Thursday, buoyed by three global central bank rate cuts to jump start economic activity, boosting miners such as Kumba Iron Ore. Minerals are South Africa&#8217;s [&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-12144","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\/12144","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=12144"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12144\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12144"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12144"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12144"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}