 | TOP STORIES |  | |
| Companies Urged To Join Coal Roadmap | | By Charlotte Mathews, 01 Dec 2008, 10:54 AM | | Companies with interests in the coal industry are being urged to participate in a R5.5 million, two-year initiative that will get moving early next year to draw up a plan for the industry's long-term development |
| More Heart For The Gold Bulls | | By Jean Temkin, 01 Dec 2008, 11:01 AM | | Thanks mostly to the three-month rise of the dollar against the rand, the rand gold price reached a record high of R8,649/oz last week while the dollar price put on 5%. The dollar is extremely overbought. |
| DRDGold Says It Has A Solution To Rising ERPM Water Levels | | By Charlotte Mathews, 01 Dec 2008, 10:56 AM | | DRDGold had devised a pumping solution to check rising water levels at its ERPM mine on the East Rand that would address environmental threats, CEO-designate Niël Pretorius said on Friday. |
| Financial Markets And A Lender Of Last Resort: Lessons From The Founding Of The Federal Reserve | | By Eric Hughson and Marc Weidenmier, 01 Dec 2008, 11:12 AM | | The current crisis raises serious questions about the role of a lender of last resort. This article provides historical insight into its importance. Such a lender is critical to containing crises, as demonstrated by the frequent autumn harvest financial crises in the U.S. prior to the establishment of the Federal Reserve. |
| Unorthodox Monetary Policy: Central Banks As "Stabilising Speculators” | | By John N Muellbauer, 01 Dec 2008, 11:06 AM | | This article explains the logic behind a radically new form of monetary policy - a new central-bank tool for stabilising the credit cycle. By buying bank stocks and credit instruments at the bottom of the cycle and selling at the top, the new policy could moderate the boom-and-bust credit cycle independently of interest rate policy. The Fed action on 25 November is a good step in this direction. |
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