Targeting more black accountants

The newly gazetted black empowerment charter for the chartered accountancy profession aims to tackle South Africa's skills shortage by growing the number of black accountants in the country.

Hospitality industry in the spotlight

South Africa's hospitality industry will come under the spotlight next week during nationwide inspections focusing on occupational health and safety and compliance with the country's labour laws.

No rand intervention: SARB

The South African Reserve Bank will not intervene in the foreign exchange market to manage the strength of the rand, says deputy governor Daniel Mminele, adding that a floating exchange rate regime has cushioned South Africa from the more severe effects of the global downturn.

Gold hits new high on India buy

The gold price jumped to a new record high of $1 095.65 on Wednesday following news that India had bought 200 tonnes of gold from the International Monetary Fund – the largest central bank purchase in at least 30 years.

South African firms 'not green enough'

A large number of South African companies across all major sectors are not implementing environmentally friendly business strategies, thereby jeopardising their own long-term sustainability, a new survey finds.

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South African business update

MARKET REPORTS

Rand sits tight

The rand held firm in the midday session on Friday as it tracked the dollar and a strong gold price.

JSE remains red

Although regaining from its earlier weaker levels, the JSE was unable to close in the black while tracking firm US markets following better-than-expected US jobless figures.

MARKET INDICATORS