Money SA economy
The JSE was flat in the morning session on Friday amid mixed global markets lacking any firm direction.
By 9.30am the JSE all share index was flat, with gold miners 0.96% firmer, but resources declined 0.26%, and platinum miners shed 0.56%. Banks were flat, and financials gained 0.11%, while the industrial index moved up 0.27%.
Gold was quoted at $1 141.80/oz from $1 136.36/oz at the JSE's last close. Platinum was at $1 734.50/oz from $1 733.50/oz at the JSE's last close.
A local trader said: "We saw a better opening than was anticipated with Asia weaker. US futures were however, a tad firmer and will look to build on positive gains in financial stocks, and Europe is flat in early trade.
"MTN has put out a cautionary announcement on the back of purchase speculation, so the market will be watching closely over the next few days," he said.
MTN is rumoured to be in talks to purchase units from Egypt's Orascom Telecom Holding by issuing a cautionary announcement.
Dow Jones Newswires reported that European Stocks were slightly lower after opening in the black, as weak technology stocks offset gains in the travel and leisure sector. Meanwhile, traders noted continued worries about Greece.
Wall Street closed modestly higher.
On the JSE, Anglo shed R1.68 to R323.02, and BHP Billiton lost 161c to R241.32 while Sasol was up 111c to R300.01.
