{"id":12185,"date":"2012-07-07T00:16:19","date_gmt":"2012-07-06T22:16:19","guid":{"rendered":"http:\/\/www.myza.co.za\/07\/s-african-stocks-flat-as-growth-fears-hit-miners\/"},"modified":"2012-07-07T00:16:19","modified_gmt":"2012-07-06T22:16:19","slug":"s-african-stocks-flat-as-growth-fears-hit-miners","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-stocks-flat-as-growth-fears-hit-miners\/","title":{"rendered":"S.African stocks flat as growth fears hit miners"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>By Helen Nyambura-Mwaura<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, July 6<\/span> (Reuters) &#8211; South African shares ended<br \/>\nflat on Friday after a volatile session that saw investors<br \/>\nspooked by disappointing U.S. employment data pull resource<br \/>\nfirms such as Harmony Gold, lower.<\/p>\n<p><span><\/span><\/p>\n<p>Kumba Iron Ore, a unit of Anglo American,<br \/>\nfell nearly 3.5 percent after the miner said earnings for the<br \/>\nfirst half would be lower than expected due to a fall in metal<br \/>\nprices.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The resources are out of favour,&#8221; said Richard Juchniewicz,<br \/>\na trader at SBG Securities.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;With all that&#8217;s been happening around the world, the<br \/>\ndown-grading of growth forecasts of all these economies, people<br \/>\nare starting to get nervous about what this means for commodity<br \/>\nproducers.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>U.S. non-farm payrolls expanded by just 80,000 jobs in June,<br \/>\nfalling short of forecasts. A Reuters poll showed the market<br \/>\nexpected 90,000 additional jobs.<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40 index was flat at 30,056.92, and the<br \/>\nAll-Share index edged up a mere 0.01 percent to<br \/>\n34,226.21.<\/p>\n<p><span><\/span><\/p>\n<p>Ten experts polled by Reuters expect the blue-chip index<br \/>\nwill climb just another 2 percent by the end of 2012 because of<br \/>\nthe country&#8217;s reliance for much of its trade on Europe, where<br \/>\ngrowth is grinding to halt.<\/p>\n<p><span><\/span><\/p>\n<p>Harmony Gold sunk more than 2 percent to 76.34 rand, leading<br \/>\nthe gold index 1.7 percent lower.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Helen Nyambura-Mwaura JOHANNESBURG, July 6 (Reuters) &#8211; South African shares ended flat on Friday after a volatile session that saw investors spooked by disappointing U.S. employment data pull resource firms such as Harmony Gold, lower. Kumba Iron Ore, a unit of Anglo American, fell nearly 3.5 percent after the miner said earnings for the [&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-12185","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\/12185","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=12185"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/12185\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=12185"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=12185"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=12185"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}