{"id":15879,"date":"2012-10-25T20:03:16","date_gmt":"2012-10-25T18:03:16","guid":{"rendered":"http:\/\/www.myza.co.za\/10\/s-africa-stocks-up-as-mining-firms-recover\/"},"modified":"2012-10-25T20:03:16","modified_gmt":"2012-10-25T18:03:16","slug":"s-africa-stocks-up-as-mining-firms-recover","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/s-africa-stocks-up-as-mining-firms-recover\/","title":{"rendered":"S.Africa stocks up as mining firms recover"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Top-40 index up 0.14 percent to 32,806.75<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* All-Share up 0.12 percent to 36,995.65<\/p>\n<p><span><\/span><\/p>\n<p><span class=\"articleLocation\">JOHANNESBURG<\/span> Oct 25 (Reuters) &#8211; South African stocks edged<br \/>\nhigher on Thursday as strike-battered mining companies such as<br \/>\nImpala Platinum were lifted by higher commodity prices<br \/>\nand signs some of the country&#8217;s crippling mine stoppages may be<br \/>\ncoming to an end.<\/p>\n<p><span><\/span><\/p>\n<p>Shares of retailers &#8211; the best performers on the index this<br \/>\nyear &#8211; fell on concerns that recent gains may be overdone.<\/p>\n<p><span><\/span><\/p>\n<p>However, they could see some support after South Africa&#8217;s<br \/>\nmid-term budget did not reveal any government spending cuts.<\/p>\n<p><span><\/span><\/p>\n<p>Some equity market players had been worried South Africa<br \/>\nwould cut back grants to the poor, which have helped underpin<br \/>\nconsumer spending.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;The minister managed to do some smooth manoeuvering by<br \/>\nactually keeping the expenditure numbers unchanged from the<br \/>\nbudgeted numbers,&#8221; Johann Rossouw, an economist at Vunani<br \/>\nSecurities said about the Finance Minister Pravin Gordhan&#8217;s<br \/>\nbudget.<\/p>\n<p><span><\/span><\/p>\n<p>&#8220;That should, to some extent, appease the equity market,<br \/>\nlimit the risk from reduced government expenditure.&#8221;<\/p>\n<p><span><\/span><\/p>\n<p>The Top-40 index edged up 0.14 percent to<br \/>\n32,806.75. The broader All-share edged up 0.12 percent<br \/>\nto 36,995.65.<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 index up 0.14 percent to 32,806.75 * All-Share up 0.12 percent to 36,995.65 JOHANNESBURG Oct 25 (Reuters) &#8211; South African stocks edged higher on Thursday as strike-battered mining companies such as Impala Platinum were lifted by higher commodity prices and signs some of the country&#8217;s crippling mine stoppages may be coming to an [&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-15879","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\/15879","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=15879"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/15879\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=15879"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=15879"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=15879"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}