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/ 23 November 2006
The JSE was weaker in noon trade on Thursday due to profit-taking following the bourse’s strong run earlier in the week. However, the Thanksgiving holidays in the United States and Japan made for a very quiet market. By 12.03pm, the all-share index slipped 0,55%. Resources retreated 1,19% and the gold-mining weakened 1,02%.
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/ 15 November 2006
Global technology services group Dimension Data (Didata) said on Wednesday that it expected to continue with its double-digit revenue growth despite a "disappointing" performance in its European operations. "We expect to continue with our double-digit growth in the medium term," Didata CEO Brett Dawson said.
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/ 8 November 2006
The JSE was softer midday on Wednesday with dealers saying most stocks were overbought during Tuesday’s bull run. However, selective buying was giving the market underlying support. At 12.05pm, the all-share and industrial indices were down 0,63% and 0,08% respectively.
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/ 26 October 2006
The cost of bunking work in corporate South Africa is estimated at a minimum of R19,1-billion, with Mondays and Fridays the worst days for absenteeism, a fresh survey showed on Thursday. "Absenteeism is the single biggest cause of lost time and poor productivity that this country faces," says labour specialist Andrew Levy, who analysed the survey.
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/ 24 October 2006
The wage strike at leisure and hotels group Sun International entered its fourth week on Monday amid calls by the Congress of South African Trade Unions (Cosatu) to boycott the group. On Tuesday, Cosatu said that it was urging South African music promoters to dump Sun International’s Carnival City as a venue for music concerts on October 29 and 31.
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/ 11 October 2006
Shares in South Africa’s media and entertainment group Naspers have jumped 9,52% so far this month, outshining the media index at 6,97%. Analysts said the stocks have been "undervalued in recent months and were beginning to gain value". By 11.49am on Wednesday, shares in Naspers had picked up 1,3% to R130,98.
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/ 10 October 2006
The Congress of South African trade Unions (Cosatu) and the Reserve Bank have agreed that a new industrial strategy to combat cheap Chinese imports was needed. Governor Tito Mboweni and Cosatu general Secretary Zwelinzima Vavi met on Monday night following remarks by the governor that the proposed Chinese import quotas made "no economic sense".
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/ 21 September 2006
China is not exactly the flavour of the month at the Congress of South Africa Trade Unions’ (Cosatu) national congress, but ironically its textile-exporting muscle is amply demonstrated in the entrance hall of the Gallagher Estate venue. The four-day congress ends on Thursday, and various businesses have informal stands in the entrance hall advertising their services.
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/ 19 September 2006
Non-executive directors’ annual pay packages increased on average just over 34% in 2005 to R342 072 from R254 744 in 2004, a study published in the <i>Bargaining Monitor</i> distributed at the Congress of South African Trade Unions (Cosatu) congress has established.
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/ 15 September 2006
South African President Thabo Mbeki said on Friday, in his weekly online newsletter ANC Today, that the upcoming Congress of South African Trade Unions’ (Cosatu) national congress would ”further strengthen the long-standing bonds” between the African National Congress (ANC) and Cosatu. ”As before, the ANC will await with great expectation the results of this important congress,” he said.