Futures flat in quiet trade
Business Live - Jun 6th 2012, 08:48
Futures were flat in quiet trade on Tuesdayâ€š with markets awaiting the outcome of the G7 meeting and central banksâ€™ rate decisions.
Near-dated futures lifted by 0.08%â€š or 22 pointsâ€š to 29â€š203.
The total number of contracts that exchanged hands was 28â€š482 from 44â€š410 on Monday.
The rand was trading at 8.46 to the US dollarâ€š from 8.47 at its previous closeâ€š and the spot price of gold was at US$1â€š615.85 an ounce from $1â€š614.12.
Dow Jones Newswires reported that a reading on the US non-manufacturing sector came in a touch better than expected.
The ISM non-manufacturing index clocked in at 53.7 last monthâ€š higher than anticipated and better than the 53.5 reading in April.
The survey compiles comments mostly from service-sector companiesâ€š which are important because they make up the bulk of the economy.
Asian markets edged higher on Tuesday as the heavy sell-off abated in the absence of fresh negative newsâ€š allowing investors to look ahead to forthcoming key policy meetingsâ€š Dow Jones Newswires reported.
In late morning tradeâ€š the Dow Jones industrial average was up marginallyâ€š by 0.03%.
Zambiaâ€™s textile sector output rises 3.5% in 2012
09/05/2013 - 11:57
The output of textile, clothing and leather sub-sector of the Zambian industry increased marginally by 3.5 percent year-on-year in 2012, according to the Central Statistical Office (CSO).
Namibian clothing manufacturer expands to Lesotho and Botswana
09/05/2013 - 11:32
Arandis â€“ Dantago Clothing, which manufactures childrenâ€™s clothing for Woolworths South Africa, will be expanding its services to stores in Botswana and Lesotho this year.
UK manufacturing contracts slightly
06/05/2013 - 08:00
London - British manufacturing contracted by the narrowest of margins in April, and much less than expected, the first major set of data for the second quarter of the year showed on Wednesday.
Chinese manufacturing slows in April
26/04/2013 - 10:06
Beijing - Manufacturing activity slowed in China in April as exports were hit by sluggish overseas demand, HSBC said on Tuesday, fuelling concerns about the strength of the world's second-largest economy.
PPI at 5.7% in March
26/04/2013 - 09:45
Johannesburg - South Africa's headline producer inflation was at 5.7% year-on-year in March compared with 5.4% in February, Statistics South Africa said on Thursday.