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Gugulakhe Lourie

Rand back to three-week lows

The rand fell more than 1,7% to a three-week low against the dollar on Wednesday as Europe's debt problems kept investors wary of risk.

SA’s stocks snap losses, govt bonds weaken

South African blue-chip stocks closed around 1,2% higher on Tuesday as telecoms, mining and banking shares rebounded.

Microsoft unveils SA empowerment deal

Microsoft South Africa, a unit of the world's largest software firm, will invest R475-million in four black-owned software firms.

Vodacom boosts first-half profit, lifts dividend

Cellphone operator Vodacom said on Monday first-half earnings rose 38,4% and lifted its interim dividend 64%.

Aveng full-year profit falls

Aveng, Africa's largest builder by market value, posted an 8% drop in full-year profit, hit by lower demand for construction projects.

Vodacom, Nedbank launch mobile cash service

Vodacom is teaming up with Nedbank to deliver a phone-based cash transfer service, similar to a successful service operating in Kenya.

Sports Ministry cancels Semenya briefing

The Sports Ministry on Thursday cancelled a press conference at short notice to announce a decision on Caster Semenya's possible return to action.

MTN, Bharti deal needs SA govt clearance

The proposed tie-up between cellphone group MTN and India's Bharti Airtel needs Cabinet level approval in SA, as the deal enters a critical week.

Govt backs MTN, Bharti deal

The South African government backs a proposed tie-up between MTN Group and India's Bharti Airtel.

MTN first-half profit up, no decision on Bharti deal

MTN Group on Thursday reiterated that no decision had been taken with regard to its proposed merger with India's Bharti Airtel.

SA will crack down on rioters, warns Zuma

President Jacob Zuma said police will move swiftly to crack down on rioters after violent protests erupted this week over poor services and jobs.

MTN seeks $3,5-billion loan for Bharti

MTN is in talks with a group of lenders to secure a ,5-billion syndicated loan to back its proposed merger with India's Bharti Airtel.

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