Dow
-0.61%, Nas
-1.48%, S&P
-0.93%.
VIX 22.39 (+4.24%), Moon’s F&G @ 25 ‘Extreme Fear’
At 8:32 am today:
T40 -495pts @ 42 192, Spot Gold 1257.85, Plat -7.0pts, Wall Street -77pts, Dax -47.2pts, Ftse -35.2pts.
Asia Today at midday:Nikkei
-2.1%Hang Seng
-0.8%Sanghai
+1.3%ASX 200
-0.6% at closing
Kospi
-1.4% Economic Calendar:12:00 EUR CPI for Dec, prev & exp -0.2%
15:30 US Core CPI for Dec, prev & exp 0.1%
JSE Alsi
+0.97% @ 48 524, T40
+1.18% @ 42 533.
Up most by Index Gold +4.31%, Resources +3.71%, Mining +4.22%, Basic Materials +3.68%, Telecoms +4.41%.
Up DRD, BIL, ANG, HAR, MTN, IMP, down Richemont -4.27%, Truworths -3.75%, PickPay -3.73%, Clicks -2.99%, AECI -2.71%, Brait -2.58%, PPC -2.52%.
New high Remgro @ 26301, Lewis @ 8500, Discovery @ 11602, PNR-Foods @ 15857.
New low Adcock @ 4452, Sasol @ 36000.
Trading most to positive this month ANG, APN, NPN, to negative CZA, RCH, SOL, MTN.
Trading most to positive this week ANG, MTN, to negative SOL, ANG, RCH, NPN, APN.
Latest news from Eish-kom:‘South Africa's power reserves are all but exhausted and rolling blackouts will be an inevitable part of life in the continent's most advanced economy for up to three years, state-run power utility Eskom warned on Thursday.
Eskom Chief Executive Tshediso Matona, who compared the situation to driving a badly maintained car which has almost no fuel left, told a news briefing that margins were razor thin and the loss of just 1,000 megawatts would trigger power outages.’
Sigh, ja boet.
To put in into perspective, extract from article
http://businesstech.co.za/news/government/74752/state-owned-company-ceo-salaries/ dated 30 Nov 2014:
According to a parliamentary response to queries about the Eskom executive’s pay, last week, Public Enterprises Minister, Lynne Brown, noted that former Eskom boss, Brian Dames’ total pay for the 2013 financial year was in fact R22.78 million – higher than the R15.6 million listed in Eskom’s full year report.
Dames’ pay included a R5 million package at the end of his contract, R1.9 million in back pay – as well as a R1.92 million payout in long-term incentives.South African parastatal CEO salaries
CEO Parastatal Salary (latest financial year)
Brian Dames Eskom R22.8 million
Sipho Maseko Telkom R11.7 million
Percy Sechemane Rand Water R5.32 million
Siza Mzimela SAA R4.96 million
Soane Mohapi Sentech R3.14 million
Brian Molefe Transnet R2.95 million
Puleng Kwele Broadband Infraco R1.84 million
Tian Olivier SABC R1.76 million
Chris Hlekane SA Post Office R1.56 million