{"id":15468,"date":"2012-10-11T05:43:15","date_gmt":"2012-10-11T03:43:15","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-african-stocks-end-positive-but-gold-miners-dim\/"},"modified":"2012-10-11T05:43:15","modified_gmt":"2012-10-11T03:43:15","slug":"s-african-stocks-end-positive-but-gold-miners-dim","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-african-stocks-end-positive-but-gold-miners-dim\/","title":{"rendered":"S.African stocks end positive, but gold miners dim"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Market to watch U.S. earnings season<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Top-40, All-share add 0.21 pct<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Oct 10 (Reuters) &#8211; South African shares turned<br \/>\npositive for the first time this week but Gold Fields<br \/>\nand other bullion mining firms took a beating from a recovery in<br \/>\nthe local currency.<\/p>\n<p><span><\/span><\/p>\n<p>Absa, the South African bank majority owned by<br \/>\nBarclays, fell 2.8 percent to 134.60 rand. A black<br \/>\ninvestment group said it had sold a 3.4 percent stake in the<br \/>\nbank.<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40 index gained 0.21 percent 32,008.14 and<br \/>\nthe All-share went up by a similar margin to 36,147.62.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Overall, quite cautious trade and a little bit of strength<br \/>\ncoming back into the rand,&#8221; said Nick Kunze, a director at<br \/>\nTerrassen Capital Management in Johannesburg.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;Gold shares are under pressure because the rand was<br \/>\nstrengthening.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The rand has recovered a little over 3 percent<br \/>\nsince hitting a near 3-1\/2 year low on Monday, when it was by<br \/>\ninvestor concern over widening labour unrest.<\/p>\n<p><span><\/span><\/p>\n<p>Central bank governor Gill Marcus also warned on Wednesday<br \/>\nthe economic outlook for Africa&#8217;s biggest economy was<br \/>\ndeteriorating rapidly, with the ongoing strikes likely to lead<br \/>\nto job losses.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Market to watch U.S. earnings season * Top-40, All-share add 0.21 pct JOHANNESBURG Oct 10 (Reuters) &#8211; South African shares turned positive for the first time this week but Gold Fields and other bullion mining firms took a beating from a recovery in the local currency. Absa, the South African bank majority owned by [&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-15468","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\/15468","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=15468"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15468\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15468"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15468"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15468"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}