{"id":14866,"date":"2012-09-22T04:43:36","date_gmt":"2012-09-22T02:43:36","guid":{"rendered":"http:\/\/www.myza.co.za\/09\/s-africa-stocks-lose-ground-as-resources-hit\/"},"modified":"2012-09-22T04:43:36","modified_gmt":"2012-09-22T02:43:36","slug":"s-africa-stocks-lose-ground-as-resources-hit","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-lose-ground-as-resources-hit\/","title":{"rendered":"S.Africa stocks lose ground as resources hit"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 down 0.46 pct<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-share drops 0.42 percent<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG, Sept 21<\/span> (Reuters) &#8211; South African stocks edged<br \/>\ndown 0.5 percent on Friday, as investors hit Harmony Gold<br \/>\n on the stronger rand and  Anglo American Platinum<br \/>\n on concerns over labour unrest.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of Telkom SA slumped 5.5 percent to 18.30<br \/>\nrand, adding to a similar fall on Thursday when the fixed-line<br \/>\noperator warned that first-half profits will likely fall by<br \/>\nnearly 65 percent.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;I think the rand played a key factor here today,&#8221; said<br \/>\nSasha Naryshkine, analyst at asset manager Vestact.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;It firmed up and has hurt gold and platinum stocks.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The benchmark Top-40 index declined 0.46 percent to<br \/>\n31,934.87. It hit a record high of 32,381.54 last week.<\/p>\n<p><span><\/span><\/p>\n<p>The broader All-share index dropped 0.42 percent to<br \/>\n36,206.33. It hit a record high earlier this week.<\/p>\n<p><span><\/span><\/p>\n<p>The rand currency rose nearly 1 percent on Friday.<br \/>\nA stronger rand is a negative for mining companies, which sell<br \/>\nmetal for dollars but pay costs in the rand.<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 down 0.46 pct * All-share drops 0.42 percent JOHANNESBURG, Sept 21 (Reuters) &#8211; South African stocks edged down 0.5 percent on Friday, as investors hit Harmony Gold on the stronger rand and Anglo American Platinum on concerns over labour unrest. Shares of Telkom SA slumped 5.5 percent to 18.30 rand, adding to a [&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-14866","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\/14866","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=14866"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/14866\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=14866"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=14866"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=14866"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}