Fed stimulus outlook sees rand weaken for the second day

Speculation over tapering of monetary stimulus in the US takes its toll on the rand again.

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• Rand weakens on signs US Fed gains were overdone
• Rand falls ahead of Fed policy meeting
• Rand declines before US federal policy meeting

Africa’s richest man Dangote plans $16bn investment push

The Nigerian-based Dangote Group will embark on a $16-billion expansion drive in over 18 countries over the next four years.

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Sibanye offers R407-million for Wits Gold projects

The gold mining company is seeking Wits Gold's operations to extend the life of its nearby Beatrix mine and unlock value.

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Barclays Africa claws back at market share with mobile apps and iPads

Barclays Africa is giving its tellers iPads and offering mobile apps to try to win back market share from Capitec, Standard Bank and Nedbank.

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Solar boom boosts South African salaries

Renewables projects have provided new jobs with higher salaries and brought new economic activity into the Northern Cape.

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Amcu gets permission to strike at Lonmin

Amcu has received permission to strike at Lonmin over demands for a minimum basic wage of R12 500 per month for its members.

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JSE appoints Nyembezi-Heita as new chair

ArcelorMittal boss Nonkululeko Nyembezi-Heita will replace Humphrey Borkum in 2014, the Johannesburg Stock Exchange has said.

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South African business to close for Mandela's funeral

Enterprises ranging from retailers to mines and bank headquarters will close for the former president's funeral.

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Radisson Blu tells guests to leave for VIPs

In the run-up to Nelson Mandela's memorial service, the luxury hotel has cancelled exisiting bookings in order to accomodate dignitaries.

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Economic week ahead: SA looks out for mining reports

As US budget negotiations keep markets on their toes, South Africa is set to eye October's mining and manufacturing reports and retail trade figures.

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Cape Town announces R72-million budget for Mandela plan

At a special council meeting, the City of Cape Town has approved an operating budget of R72-million for a contingency plan to Mandela's passing.

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No vacancy: Hotels, cars booked out ahead of Mandela memorial

Travel agencies say top-tier hotels and rental cars in Johannesburg and Cape Town have been booked out as dignitaries prepare to enter the country.

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JSE pauses markets in historic move

In a move unprecedented in its 125-year history, the Johannesburg stock exchange stalled trading for five minutes on Friday in a tribute to Mandela.

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Collusion adds fuel to e-tolling fire

Critics say that Sanral should have questioned the escalating costs of the highway project.

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JSE shuts down for five minutes in honour of Mandela

The JSE has halted trade for five minutes as business leaders mourn Madiba's passing and analysts dismiss SA-economy doomsayers.

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Cash plans widen healthcare range

Hospital insurance appeals to a segment of the market, research shows, and fills an important gap.

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New reality alters energy plans

Hydro power and gas in nearby countries have brought about a shift in South Africa's schemes.

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Adcock’s biggest shareholder said to seek higher cash offer

Adcock's largest shareholder is looking for an all-cash offer of up to R74 a share in the takeover being battled out between Bidvest and Chile's CFR.

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Standard Bank selling 2% of Discovery's stock for a client

Standard Bank is selling over R1-billion of Discovery shares for an unnamed client.

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