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MAIL & GUARDIAN: Business

SA farm workers get minimum wage from March

South African farm workers will get a minimum wage from next March, the minister of labour announced on Monday despite opposition from employers.

Rand seen firm with Europe on holiday

A holiday in some parts of continental Europe is seen aiding the South African rand's recent strength and the rand is seen trading in a broad range on Monday, traders said.

Expected SA rate rise has benefits, says Fitch

An expected rate hike by South Africa's central bank on Thursday would be a trade off between short-term growth for longer-term macroeconomic stability.

SA firms seen reporting on Aids in 2003

All companies doing business in South Africa will likely be compelled to report on the impact of Aids by the end of 2003.

World’s wine aficionados meet in Cape Town

Sixty government and wine industry delegates from Argentina, Australia, Canada, Chile, New Zealand, South Africa and the US attended the World Wine Trade Group (WWTG) meeting in Cape Town.

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.

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 stocks rise in late rally fed by Biogen news

Stocks climbed on Thursday, boosted by strong orders for durable goods and a federal panel's approval of a new key drug of Biogen Inc.

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.

Pricewaterhouse agrees to settlement with IRS

In yet another blow to the US accounting profession's reputation, the Internal Revenue Service said that industry giant Pricewaterhouse Coopers has agreed to make a financial payment to settle issues over tax shelter advice it gave its clients in recent years.

De Beers H1 sales up, H2 seen less shiny

Global gem giant De Beers reported an 8,5% rise in first-half rough diamond sales to ,84-billion on Monday, but said it did not expect sales or cashflow to be as sparkling in the final six months of 2002.

‘Thief in the night’ wrecks wheat crop

Temperatures ranging from as little 2C to as high as 38,5C within only three weeks had damaged one of the most promising South African wheat crops in years.

Hundreds of jobs to go at AOL as revenues fall

Troubled internet giant America Online (AOL) is set to cut hundreds of jobs in the US as part of a cost cutting drive to offset a sharp fall in advertising revenue.

Sturdy gold stocks drag SA bourse higher

South African gold stocks marched higher at the open on Monday as the price of the precious metal appeared ready for another rally this week, propping up the bourse in positive territory.

Golds prop up stocks on ‘messy Monday’ debut

South African stocks moved higher at the start on Monday, with gold offering support, but trading got off to a hesitant start with the bourse's launch of its new indexing system, dealers said.

ITA bill set to ‘revolutionise’ SA trade

When adopted by Parliament, the International Trade Administration Bill will revolutionise South African international trade.

SA’s GDP continues to rise

Economic activity in the country continued to rise, with an increase of 2,2% in the Gross Domestic Product in the first quarter of the year compared to the previous quarter, reports Statistics South Africa.

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