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MAIL & GUARDIAN: Business

Mboweni says he’s committed to low inflation

South African Reserve Bank head Tito Mboweni said on Wednesday it would not struggle against inflation at all costs in what analysts saw as a sign another interest rate hike could be avoided later this month.

Cautious Opec looks set to keep oil curbs intact

Opec oil producers kept the heat under strong crude prices on Wednesday as ministers arrived in Japan for a meeting that looks likely to keep stiff output limits in place. Opec appears in no mood to make concessions to the industrialised powers that buy its oil, despite concern that high energy costs are stunting global economic recovery.

Boom-time for SA car makers

Once a week, a cargo ship packed with hundreds of luxury German cars, destined for the export market, leaves the East London harbour in South Africa's Eastern Cape province, the heartland of the auto industry.

SA seeks urgent talks with angry freight users

South Africa is calling an emergency meeting of the state-owned rail corporation and its major customers to investigate and find solutions for logjams undermining exports.

Going after Enron’s ill-gotten gains

Winning the guilty plea of an important former Enron Corporation insider, the Justice Department set sights on its biggest target yet in the massive fraud investigation: Enron's former chief financial officer.

Municipal strike in full swing throughout SA

The SA Municipal Workers' nation-wide strike got into full swing on Tuesday despite threats of disciplinary action by some municipalities in the Free State, Samwu claimed.

Lawyer seeks company talks on apartheid claims

The US lawyer seeking massive compensation from foreign investors for victims of South African apartheid, has written to at least 27 banks and corporations proposing settlement talks.

Microsoft to cut off support for Java in 2004

Microsoft has announced it will cut off its support for a key product of rival Sun Microsystems.

New-look SEC to tackle details of corporate reform

Corporate governance and accounting reform in America will be on the front burner on Tuesday, as the Securities and Exchange Commission start cleaning up big business.

Gold ratchets up to a five-year high

Gold touched its highest level in nearly five years on Friday as India and Pakistan edged to the brink of war.

Cocoa markets boil as Ivory Coast rebels advance

The global cocoa market is heating up on growing fears of supply disruption after rebels captured a key cocoa centre in top producer Ivory Coast, industry sources said on Monday.

US may be locked out of emmissions market

US companies could miss out on a potential multi-billion dollar market for trading greenhouse gas emission credits unless Washington signs a global treaty to reduce those heat-trapping gases.

Microsoft hearing enters third day

An attorney for Microsoft Corporation is arguing that the company shouldn't be slapped with a court injunction because of the popularity of Windows.

Call centres fuel growth of Indian IT industry

Headhunters in India's Silicon Valley are jumping onto the IT-enabled services bandwagon by providing contract workers and software engineers to foreign firms for ''back-office'' operations.

Museveni declares war on Nestle

Ugandan President Yoweri Museveni has declared a trade war on one of the world's leading coffee producers, Nestle.

African Harvest approves management buy-out

SA fund manager African Harvest said on Monday it had agreed to sell the firm to a management-led group for around R366-million to help boost its access to money earmarked for black-run companies.

Zambia to buy GM-free maize from Kenya, Tanzania

Zambia will buy maize from Kenya and Tanzania to help feed millions of people after rejecting offers of genetically modified (GM) maize aid.

SA mining firms to get charter report in December

South Africa's big mining companies are likely to know next month how they should implement a new charter that aims to give blacks a bigger stake in the white-owned industry, a key negotiator said on Tuesday.

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