PULP and paper group Sappi on Tuesday reported an 86% rise in March quarter headline earnings per share (EPS) and said it expected improving quarterly results on firming paper and pulp prices.
THE South African rand gave up some of its latest gains on Wednesday, but remained poised to test the key 10/dollar level.
MIHH and Naspers’ shares continued climbing on Thursday in the wake of the sale of their subsidiary Open TV to Liberty Media Corporation for R1,9 billion.
Each winter is an emergency for tens of thousands of our people in Cape Town alone.
SHARES in South African mobile phone group M-Cell lost more than three percent at the start of trade on Friday, hurt by news that CEO Paul Edwards would be replaced by the group’s chairman on July 1.
South African Finance Minister Trevor Manuel said on Monday the prospects for a stable rand were increasing following last year’s steep fall and a partial recovery against the dollar this year.
The argument by South African steel exporters that they acted responsibly in their trade relations with other countries had been vindicated by the US International Trade Commission.
Russian companies are the most likely to offer or pay bribes for contracts in emerging market countries.
Gold held under the cloud of a resurgent dollar on Wednesday as funds held back from pushing the precious metal back onto its bull path which had taken gold this month to its highest level in more than two years.
Commonwealth Secretary General Don McKinnon on Tuesday denounced a sharp rise in US farm subsidies, saying it locked developing nations out of lucrative markets and made a mockery of US free trade pledges.