Money SA economy
The JSE extended its gains at midday, boosted by resources amid a record gold price, while unconfirmed rumours that emerging markets bank Standard Chartered is poised to takeover South African banking group Nedbank lifted financials.
By noon the JSE all share index was 1.01% firmer, with resources 0.76% higher, and platinum miners 2.6% stronger. Gold miners added 1.74%. Banks were 1.63% to the good, financials gained 1.79% and industrials were 0.88% richer.
Gold was quoted at $1 1241.73/oz from $1 219.67/oz at the JSE's last close. Platinum was at $1 713/oz from $1 691/oz at the JSE's last close.
Dow Jones Newswires reports US stock index futures are pointing slightly higher. David Morrison of GFT calls the DJIA up 20 points at 10768 and the S&P up 2 points at 1158.
Asian markets ended mostly higher on Wednesday.
On the JSE, Anglo added R2.29 to R298.66 while BHP Billiton declined 63c to R215.47. Sasol added 24c to R282.49.
