Tristan : TRISTAN - A REGIONAL LOOK AT FINANCIAL INFORMATION
Submitted by Tristan Times (Juanita Brock) 13.09.2009 (Article Archived on 27.09.2009)

We look at basic South Atlantic Financial news

TRISTAN - A REGIONAL LOOK AT FINANCIAL INFORMATION

By J. Brock (Tristan Times)

Much of the financial information produced by SARTMA comes from the London and New York Stock Exchanges.  However, those Exchanges in South Africa, where Ascension, St Helena and Tristan do a good percent of their trade have until now been ignored.

It was decided to put this information in Tristan Times due to the relative (a six day journey by sea) location of the Island in relation to South Africa.  Other stock exchanges will be listed as their information is found.

Information in this weekly column will be basic but improve when more data relevant to the South Atlantic Islands is processed. 

BRIEF AND BASIC ANALYSIS

Fisheries remain the main industry of the South Atlantic UK Overseas Territories.  Climate change is affecting some of the squid fisheries around the Falklands but there doesn’t seem to be an affect – yet - to the fisheries around Tristan, St Helena and Ascension Islands.

Poaching remains the main threat to fisheries in the South Atlantic, with protection measures and management being world-class in the Falklands and South Georgia. However, fisheries protection is expensive and Governments on other South Atlantic Islands do not have the same financial resources as the Falklands or South Georgia do.

There are a few fisheries companies that have an interest in protecting fish stocks in the region but any way forward will include working together and pooling resources.

One sure way to get rid of poachers is not to have any fish but this is not viable for remote territories that need to have viable fisheries industries.

Basic Continental Financial News

Miners boost JSE

iAfrica.com 

At 5pm the JSE all share index had collected 0.99 percent, with resources firming 1.82 percent, gold counters adding 2.75 percent and platinum counters ...

Alsi highest in nearly a year

Moneyweb

The JSE has confounded the bears, soaring to its highest level in almost a year. Markets around the world closed the week strongly on positive investor ...

JSE (Johannesburg Stock Exchange)

Friday’s Close: 099% to 25567.390

http://www.jse.co.za

FTSE/JSE ALTX 15 INDEX ($J260-FTSE)

Last: 5,293.20

Chg: 52.37

http://za.quote.com/global/stocks/quote.action?s=%24J260-FTSE

Related Financial News

Brimstone Selected For Tiger Brands BEE Transaction

Cape Business News 

Brimstone has for many years played a key role in assisting Tiger Brands pursue its empowerment initiatives, through its interests in Oceana Group Limited, ...

Environmental and fishing groups unite for responsible fisheries

FIS.com (Registro) - Natalia Real 

... is one of the three pillars of the Oceana Group's corporate sustainability framework,” stressed Francois Kuttel, CEO at Oceana Group Limited. ...

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http://investing.businessweek.com/research/stocks/financials/financials.asp?ric=OCEJ.J

LONDON Stock Exchange (Friday Close)

FTSE100 23.79 to 5,011.47

FTSE250 82.18 to 9,207.89

SmallCap 37.61 to 2,825.01

NEW YORK STOCK EXCHANGE (Friday Close)

Dow Jones Index -22.07 to 9,605.41

NASDAQ -3.12 to 2,080.90

Standard & Poors 500 -1.41 to 1,042.73

LIGHT SWEET CRUDE

-2.65 to 69.29

BRENT CRUDE

-2.27 to 67.59

EXCHANGE RATES FOR FRIDAY, 11 SEPTEMBER 2009
CURRENCY		RATE		CURRENCY		PRICE
AUD/FKP		0.51837		FKP/AUD		1.51837
AUD/GBP		0.51886		GBP/AUD		1.92731
BRL/FKP		0.33016		FKP/BRL		3.02884
BRL/GBP		0.33047		GBP/BRL		3.02597
CLP/FKP		0.001114		FKP/CLP		898.025
CLP/GBP		0.001115		GBP/CLP		897.174
CNY/FKP		0.08837		FKP/CNY		11.31603
CNY/GBP		0.08845		GBP/CNY		11.30531
EUR/FKP		0.87763		FKP/EUR		1.13943
EUR/GBP		0.87851		GBP/EUR		1.13821
EUR/SHP		0.83559		SHP/EUR		1.19676
FKP/GBP		1.00118		GBP/FKP		0.99882
GBP/FKP		0.99922		FKP/GBP		1.00078
According to Standard Chartered Bank in Stanley, FKP and GBP have Parity
JPY/FKP		0.006551		FKP/JPY		152.645
JPY/GBP		0.006558		GBP/JPY		152.495
KRW/FKP		0.0004932		FKP/KRW		2,027.74
KRW/GBP		0.0004936		GBP/KRW		2,025.82
NAD/FKP		0.08285		FKP/NAD		12.07048
NAD/GBP		0.08293		GBP/NAD		12.05904
NAD/SHP		0.07888		NAD/SHP		12.67781
NZD/FKP		0.42052		FKP/NZD		2.37799
NZD/GBP		0.42092		GBP/NZD		2.37573
SHP/FKP		1.05049		FKP/SHP		0.95193
SHP/GBP		1.05149		GBP/SHP		0.95103
USD/FKP		0.60259		FKP/USD		1.65951
USD/GBP		0.60316		GBP/USD		1.65793
USD/SHP		0.57372		SHP/USD		1.74301
ZAR/FKP		0.07979		FKP/ZAR		12.53363
ZAR/GBP		0.07986		GBP/ZAR		12.52175
ZAR/SHP		0.07596		SHP/ZAR		13.16426
ZWD/FKP		0.001697		FKP/ZWD		589.129
ZWD/GBP		0.001699		GBP/ZWD		588.571
ZWD/SHP		0.001616		SHP/ZWD		618.771
http://www.oanda.com/convert/classic
Please contact your bank for up to the minute quotes on the following numbers:
Standard Chartered Bank, Stanley on 00-500-21352
Bank of St Helena on 00-290-2390
Ascension Island Branch - Bank of St Helena on 00-247-6123
Interbank Rate Applies but other rates are available upon request.
FKP AND GDP EXCHANGE RATES. OANDA RATES ARE INCLUDED AS A REFERENCE ONLY