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Following the fulfilment of all the conditions precedent on 24 August '05, the scheme of arrangement between Sage Group Limited and its shareholders will become operative on Monday 12 September 2005.
The Gold miners were the party animals with Harmony (3.63%), Gold Fields (3.06%) and AngloGold Ashanti (3.04%) standing out.
The rand backed off a new four-month peak against the dollar on Friday but more gains were seen on the horizon against the ailing greenback.
The strengthening ZAR was not a great help. Commodities closed mixed, both gold and platinum closed marginally lower while oil surged higher (2.99%) on fears that Hurricane Katrina would threaten production further.
Would you willingly give up your medical scheme membership under a fully implemented NHI?