The JSE All Share Index closed 0.99% higher on Tuesday, 22nd July, recovering from a 3-day drop of 1.25%
The SARB announced a 0.25% increase in the repo rate last week Thursday to 5.75%. The increase comes after no change in the rate at the MPC meetings in March and May. With the next meeting to be held in September, expectations are another increase of 0.25%.
The headline CPI annual inflation rate in June was 6.6%, equal to the annual corresponding rate of 6.6 in May 2014.
On average prices increased by 0.3% between May and June 2014.
US Stocks rose on Tuesday, 22nd July, due to an overall positive release of corporate earnings reports as well as a housing report released showing the highest level of home sales in eight months, rising by 2.6% in June 2014.
The Rand traded firmer against the dollar this morning reaching a four week high, breaking below the R10.55 level.
Kumba Iron Ore Ltd - Reviewed consolidated interim results for the six months ended 30 June 2014
Production of 22.8 Mt, up by 5% from 21.6 Mt in 1 half of 2013
Operating profit decreased by 14% due to lower export iron ore prices and increased costs from mining activities
Total sales volumes increased by 2% to 22.5 Mt
R5 billion interim cash dividend declared to shareholders totalling to 1561 cents per share.
BHB Billiton - Operational Review for the Year Ended 30 June 2014
Strong operating performance delivered a 9% increase in Group production
Western Australia Iron Ore volumes increased to 225 Mt, significantly exceeding initial full-year guidance.
Metallurgical coal production of 45 Mt exceeded full-year guidance as Queensland Coal achieved record production and sales volumes.
Copper production increased to 1.7 Mt
Petroleum production increased by 4%, with an 18% increase in liquids volumes underpinned by significant growth at Onshore US and Atlantis.
Lewis – LDT 11th July (Pay Date, 21st July)
SABMiller PLC – LDT 1st August (Pay Date, 15th August)