Around the World's Markets: Johannesburg

WEAK NOVEMBER money supply figures saw South African shares drift slightly lower yesterday. By the close of trading, the All Share Index had dipped 0.1 per cent to 5,430, a 12 per cent fall for the year, and 35 per cent down on the peak in April 1997.

Anglogold, the mining company, shed 2.8 per cent, as a result of a lacklustre bullion price, while bank shares slid after strong money-supply growth figures raised concerns that interest rate reductions might be delayed.