JSE NetAssets Business Day Financial Mail Crash or correction? You decide. NOTE: These graphs are only visible to Java-enabled browsers. To find out more about accessing the graphs and using the interactive technical features, click here. JSE All Share Index: JSE-ALSI JSE All Gold Index: JSE-GLDI JSE Industrial Index: JSE-INDI JSE Financial and Industrial Index: JSE-FIND JSE Rand & Others Advice A crash course for the hardy investor: The JSE | Gold | The Rand | Bonds The people in the know: What comes down must eventually go up again. Gilt unit trusts: Too soon to panic despite the losses. What to do in a crash: Most investors content to sit tight. Analysis The experts predict more unseen blips on the radar. A trader's tale of resignation: In the heart of the herd, the hoofbeats lose resonance. The casualties of October '97 Latest prices, JSE wrap: Some fly and some fall in stock market's trampoline test. Bond market report: The bond market gets shaken and stirred. Why Hong Kong faltered: the implications for the region and the world of the market turmoil in Hong Kong. Business Times Story... THE WEEK AHEA... BUSINESS DIGES... JSE takes a toll Gold Plunges Rand hits low Bonds dumped Some fly and some fall in stock market's... The casualties of October '9... Business Times Story... Mixed money supply signal... Impasse in battle for labour market refo... Moulding the future of SA busines... Some fly and some fall in stock market's... Kaizer Chiefs may bring soccer to the tr... Leading a drive into the rest of Afric... Back To Home Page

Rand hits low Sven Lunsche COME a market crises and the rand hits new lows. It was no different this time. Against the dollar the rand settled on Friday at R4.82, a 13c drop from R4.69 before the storm broke on October 22. Over the period it fell by 47c against the pound to close at R8.07 on friday. On a cross-weighted average the rand has given up 2.5% against a basket of foreign currencies. The Reserve Bank did not appear too unsettled, though -- Governor Chris Stals said the lower rand would not necessitate a reversal of the recent drop in interest rates. The Bank's intervention to support the rand was also well below what the market had expected. In a statement on Thursday the bank said it had committed $400-million during October to protecting the rand. Forewign exchange traders earlier this week estimated that the central bank's intervention to support the currency had cost it between $1-billion to $1.5-million. The gross foreign exchange reserves for October were R27.3-billion from R25.5-billion in September, while the net open position at the close of trade on thursday was $16.7-million compared with $17.1-billion in September. Top of page | Home Page | News | BT Money | Survey | Companies | People | Appointments | World | Markets | Trends | Columns | News Maker | Money Guides | Labour Guides | Calculators | Search | Archive | E-Mail us |