Business

SA’s Telkom sees no rival until October

SOUTH Africa's state-run telecommunications utility Telkom sees its monopoly continuing for at least another five months as the government grapples with the selection of a competitor.

Dwindling volumes cause rethink in oil sector

Dwindling volumes of the benchmark crudes used in Asian and European oil markets are forcing major players to bolster supplies in a bid to decrease the risk of prices being vulnerable to manipulation.

New Clicks attack Oz haircare market

New Clicks Holdings has entered into an agreement to buy a 94-store haircare franchise in Australia.

South Africa invites bids for PR for Telkom IPO

The South African government invited consultancies on Friday to bid to provide domestic public relations services for the initial public offering (IPO) of phone utility Telkom.

Banks throw Vivendi one billion euro credit line

Vivendi Universal said on Wednesday it has obtained a one-billion-euro (-million) credit line from a group of international banks as the beleaguered media giant struggled to avoid a cash crisis.

Internet, e-commerce boom despite economic woes

Use of the Internet is booming all around the world, bucking the global economic downturn and the crisis in the information technology industry, according to United Nations figures issued on Monday.

US economy poised for modest growth

A better-than-expected report on the US labour market on Friday indicates the economy is poised for modest growth ahead and is likely to avoid a slide back into recession.

Erwin urges African business to forge ties

South Africa's Trade and Industry Minister Alec Erwin urged African business to forge closer ties and to take the conscious steps to help make African unity a reality.

Mbeki criticises US farm, steel support

Thabo Mbeki says new US farm subsidies, which have been condemned by Europe and most of the Third World, contradicted their proclaimed support for developing economies.

Ousted Nafcoc president chews on sour grapes

The recent conference and elections of the National African Federated Chamber of Commerce (Nafcoc) were unconstitutional and would not be condoned, ousted president Simon Mathysen said on Tuesday.

Tense week ahead for world markets

World financial markets face a tense week on Monday with a flood of sensitive reports on the economy and corporate health following a weekend breather from panic trading and share price turmoil.

‘It’s as big as a building’

The Airbus A380, the biggest airliner built to date, completed a momentous maiden flight on Wednesday, winning praise from one of the pilots as a ''magnificent machine'' and opening a new era in aviation history. ''We had a very successful first flight and thoroughly enjoyed every minute of it,'' said Claude Lelaie, one of the two pilots and the head of the Airbus flight division.

Crunch time for Microsoft

The European Commission stepped closer to imposing -million a day fines on Microsoft on Monday when it gave the software group eight days to comply with sanctions imposed last year. Neelie Kroes, competition commissioner, said in Madrid: ''The deadline is the end of this month and if it's not met then it's the end of the game.''

Koeberg’s two faces

Eskom takes Eddie Koch on a tour to prove that Koeberg os perfectly safe ...
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