Moneyweb News

23 March 2012 23:11

Business news headlines: Ryk van Niekerk – Moneyweb

Interviewer Profile

  • Email Ryk van Niekerk
  • Article tools

    Download this interview
    Print article
    Send to friend

    Subscribe to a daily email of transcripts from Moneyweb Radio

      Subscribe now

    Could not find the audio file ''

    Sanral challenge, Standard Bank fees, labour broker regulations and market indicators

    RYK VAN NIEKERK: Good evening and welcome from me, Ryk van Niekerk. We are live here from the SABC studio in Auckland Park and not from Melrose Arch as usual. There seems to be a massive communication breakdown in the Melrose Arch area, and we have relocated at high speed to the SABC studio here. Hopefully that is the end of the technical problem. I saw on Twitter that the problem seemed to spread, and there may even be some problems in the Pretoria area.
        In the studio with me is Magnus Heystek from Brenthurst Wealth. He drove here as well at great speed. Welcome to the studio. Magnus.

    MAGNUS HEYSTEK: Good afternoon Ryk. I didn’t drive here – I flew here!

    RYK VAN NIEKERK: Hopefully this is not a Telkom problem and hopefully it can be resolved quite quickly.
        I'll speak later to Magnus about the JSE this week. It had a bit of a quite week, it slid by 2%.
        We are also going to talk to a new group, the Opposition to Urban Tolling Alliance, which has lodged an urgent interdict against Sanral to delay the implementation of the Gauteng Freeway Tolling Project. I will speak to Moneyweb journalist Christy Filen about that urgent interdict.
        Standard Bank has also cut the charges of some of its banking products by up to 50%, and there seems to be a war brewing in the banking industry. I speak to Sanlam analyst Patrice Rassou about this imminent war.
        And Labour Minister Mildred Oliphant has announced new labour regulations governing labour brokers, and I speak to labour consultant Andrew Levy about these regulations and the implications for for the business sector.
        Before I speak to Magnus, just a quick look at the markets.
        The JSE ended flat at  33 572 points. The financial index was slightly stronger at 9 305, the industrial index was down nearly 0.4% at 31 209 points, while the gold index had a good day, up 1.3% to 2 465.
       One the currency market, the rand/dollar exchange rate was R7.71/dollar, R12.21/pound and R10.23/euro.
        The price of Brent oil is $125.92, the price of gold and the price of platinum were up by 1.5%. Gold was at $1 663/oz and platinum at $1 631.

    • Subscribe to a daily email of transcripts from Moneyweb Radio - click here

    The SAfm Market Update with Moneyweb is broadcast on SAfm 104-107fm, weekdays at 18:00 to 18:30.
    Site comments powered by Disqus
    JSE Today
    All Share
    Daily indicators
    Winners & Losers
    All share



    The greatest possible pitfalls in investment planning

    Responsibility is for the investor to take.


    Tsogo Sun – Trying to break the bank?

    How would you like a loan of R86 million (or R47 million, or R27 million, or R20...


    When your mind is the enemy of investment returns

    We can't control the markets, but we can control our own reactions to it (at least...