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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.

Mbeki launches JSE’s new trading system

President Thabo Mbeki opened the JSE Securities Exchange on Friday morning, launching the bourse's new equities market trading and information system

Telkom faces hefty fine for missing targets

Telkom expected to pay a fine of between R8-million and R12-million for failing to meet government targets for new telephone lines.

Sacob lets it all hang out

The leadership of the SA Chamber of Business (Sacob) was confident on Thursday that two days of behind-closed-doors discussions in East London this week would help to refocus the embattled organisation.

Rand continues as 2002 champion currency

The rand reached R9,27 per dollar on Monday - a 17% improvement against the US dollar since the start of this year, and a massive 35% improvement on the record worst level of R13,86 per dollar reached on December 20, 2001.

Gold under cloud of stronger dollar

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.

PricewaterhouseCoopers announces new name

The consulting division of the accounting firm PricewaterhouseCoopers announced that it would undergo a name change after its separation from the mother company.

B-Day launches paper for movers and shakers

Business Day is to launch a new evening newspaper, Business Day PM, that will only be available on South African Airways' late afternoon and night flights.

Aspen to produce home-grown nevirapine

The South African arm of drugs giant Boehringer Ingelheim said on Tuesday it had granted a licence to a South African pharmaceutical firm to allow it to produce, distribute and sell the antiretroviral drug nevirapine.

SA shows robust trade surplus of R3,84-bln

South Africa posted another robust trade surplus of R3,84-billion in April, official data showed on Friday, narrower than the previous month but still enough to bolster the rand's recovery.

Reuters falls on hard times

Shares in global financial information provider Reuters Group Plc slumped on Wednesday after it reported weaker-than-expected revenues for the third quarter and painted a worsening outlook.

Deal reached to end Chevron oil terminal siege

Oil major ChevronTexaco said on Tuesday it had reached a preliminary agreement to end a nine-day siege at its Escravos terminal by a group of elderly Nigerian women.

Audit reveals more bogus billions at WorldCom

Bankrupt telecommunications firm WorldCom Inc. said it uncovered another ,3-billion in bogus accounting, adding to the ,85-billion fraud it revealed in June.

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.

Angloplat H1 headline EPS fall on firmer rand

World number one platinum producer Anglo American Platinum on Tuesday reported a drop in first half-year earnings, hit by a stronger rand and a higher cost of sales.

Telkom to challenge ‘landmark’ Icasa ruling

Telkom is to challenge a ruling by the Independent Communications Authority of South Africa that its refusal to supply certain services to two value-added network service (Vans) providers was illegal.

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.
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