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Lynn Bolin
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Mini-budget sees increase in spending
South Africa’s latest Medium-Term Budget Policy Statement, outlined by Finance Minister Trevor Manuel on Wednesday, combines real increases in spending of 9,7% in the current…
Tax revenue seen up by almost R30bn
South African Minister of Finance Trevor Manuel has revised upward by R29,6-billion the government’s projected revenue collections for the 2006/07 financial year. The sharp…
Sanlam looking at GE’s UK life-insurance business
Sanlam, South Africa’s second-largest life insurer, has confirmed it is examining a possible acquisition of the United Kingdom life insurance business of General Electric (GE) as…
Nederburg Auction prices fall 25% on correction
The average price of wines sold at the 32nd Nederburg Auction over the weekend fell 25% from those attained in 2005, with the market experiencing a correction after having soared…
SA’s first all-female BEE wine producer launched
The South African wine industry marked a milestone on Wednesday with the launch of Women in Wine, the country’s first wine producing company that is owned, controlled and managed…
ANC needs ‘quiet, disciplined’ cadres
Echoing the message of his last weekly newsletter, President Thabo Mbeki on Friday called on members of the African National Congress Youth League (ANCYL) to serve the people of…
Mbeki: Blackouts won’t derail investment
The South African government does not expect the recent power blackouts experienced in the Western Cape to either derail economic growth or impact adversely on investment in the…
Mboweni warns of ‘inflationary consequences’
There could be "inflationary consequences" for South Africa if economic growth was higher than the annual 4,5% rate shown by research to be the country’s potential output rate,…
Masetlha facing arrest over ongoing e-mail saga
South Africa’s ruling African National Congress will convene a special meeting of its national executive committee (NEC) solely to address the conclusions contained in the…
Santam launches low-cost home insurance
Listed short-term insurer Santam has launched South Africa’s first affordable household insurance product aimed at the lower-income sector, the company announced on Monday. The…
SABMiller after Slovak brewery
SABMiller, one of the world’s largest brewers, has received permission from the Slovak competition authority to acquire Slovakia’s third-largest brewery, Topvar, in a deal worth…
December retail-sales growth ‘phenomenal’
Retail-sales data for December released earlier on Wednesday by Statistics South Africa (Stats SA) show that growth in sales over the Christmas spending season was "phenomenal",…
Old Mutual SA reports 2% increase in profits
Old Mutual South Africa, the South African subsidiary of listed insurance and financial-services group Old Mutual, has seen its operating profit grow by only 2% in 2005 due to…
SA wine industry calls for government aid
The South African wine industry, represented by the South African Wine & Brandy Company, has officially asked the government for support in regaining a competitive advantage…
Larger trade areas boost Truworths sales
Listed South African fashion retailer Truworths International has reported a 33% increase in its fully diluted headline earnings per share for the 26 weeks to the end of December…