The world is changing fast and to keep up you need local knowledge with global context.
The Jse All-share index is extending gains this morning having added 0.8% as the global market rebound persists as concerns over global growth subside for the time being.
Todays gains are broadbased with Resources, Industrials and Financials all adding around three quarters of a percent.
In company news, Consolidated Infrastructure Group Ltd reported year end results in which Revenue was up 29%, Headline Earnings per share added 36% and the company’s order book has grown 36% to R3bn.
Impala Platinum Holdings Ltd released a trading update for the quarter ending Septmber 2014. Gross platinum production over the period decreased by 25.5%, primarily due to lower production in Rustenburg as the company works on ramping up production to capacity after being set back by the 5 month long wage strike.
In currencies the rand is trading firmer at R10.83 to the dollar, R13.79 to the Euro and R17.48 to the British Pound.
In commodities, Gold is trading at $1229/oz, Platinum at $1266/oz and Brent Crude at $86.42/ Barrel.
No local economic data scheduled for today but in the U.S. we are expecting the FOMC statement at 8pm relating to monetary policy within the region.
Cyril Ramaphosa: The Audio Biography
Listen to the story of Cyril Ramaphosa's rise to presidential power, narrated by our very own Alec Hogg.