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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum -- Ignore unavailable to you. Want to Upgrade?

To: Snowshoe who wrote (9392)	9/18/2006 6:56:33 AM
From: TobagoJack	Read Replies (2) \| Respond to of 219578

I dunno, but own finance.yahoo.com which has large African exposure, and finance.yahoo.com which is only Africa China invests in Africa for access to resources, without too much fussing on price of access and price of future supply, since the money used is just USD, to be used now or lost later

To: Snowshoe who wrote (9392)	9/18/2006 11:15:29 AM
From: elmatador	Respond to of 219578

I joined MTN South African operator because I believe Africa is the next boom place. Since I have good experience with axis of eveil places I will try to ride the wave and keep building networks... S.African MTN leads stocks upwards, Kumba tumbles Wed Sep 13, 2006 6:32 PM GMT JOHANNESBURG (Reuters) - MTN, bank and retail shares led South African stocks higher as investors switched from mining stocks, and Kumba Resources fell on jitters of rising iron ore supply by China. The Top-40 index of blue-chip stocks added 0.26 percent to 19,448.84 points, while the All-share index rose 0.27 percent to 21,318.22 points. MTN led winners, rising by 3.33 percent to 58.90 rand. "I think with MTN we are seeing a shift in first, people looking through their fears at its expansion in Iran and also it is benefiting from a switch from miners," a trader said. "There had been fears over its investment in Iran, but that is giving way as the fears that Iran would be in trouble over its nuclear ambitions now seem exaggerated." Western leaders condemned Iran's disregard of an August 31 U.N. Security Council deadline to suspend its uranium enrichment programme, which Iran insists is meant only to make electricity. So far no sanctions have been taken against the country. Investors are buying MTN shares again after dumping them when it bought a 49 percent stake last year in IranCell -- a consortium with a licence to run Iran's second cell-phone network. Banking services group FirstRand added 2.39 percent to 17.53 rand, while rival Absa rose 2.07 percent to 98.50 rand. The bank sector index added 1.64 percent. Retail sector shares were led by furniture makers Steinhoff, which gained 1.78 percent to 24.55 rand, and fashion retailer Edgars Consolidated Stores (Edcon) rose 0.96 percent to 27.25 rand. Traders said bank and retail sectors were popular after a recent sell-off, which had been ignited by fears that interest rates would rise on the back of higher inflation numbers. The market's rise was dented by weak resource shares, with gold producers falling after the metal touched an 11-week low. Gold has fallen nearly 10 percent in a week from its high of $640.25 an ounce because of heavy selling by funds, triggered by falling oil prices and firmer dollar. Gold Fields lost 1.52 percent to 120.01, while rival AngloGold Ashanti shed 1.28 percent to 293 rand. Impala Platinum declined by 2.82 percent to 1,232.20 as the metal's price fell. Coal-to-fuels maker Sasol fell 1.78 percent to 232.38 rand as oil traded below $64 a barrel, after eight days of price falls which have sent crude to its lowest in almost six months. Kumba was the day's biggest faller, down 3.94 percent to 131.99 rand dented by news that a jump in iron ore supplies from China and India is expected to rein in prices of the commodity. Traders said this may affect how much the company would export to China, which is its main export market.