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.
World oil prices stayed firm on Monday, hovering just below a barrel, as brokers speculated the weekend bombing in Bali would bolster international support for US President George Bush's stance against Iraq.
Zimbabwe said on Friday four foreign-led groups had expressed interest in a stake in state-owned fixed and mobile phone services, despite a deepening crisis which has seen investors flee the troubled country.
Higher provisions for bad debt and squeezed margins following a run on deposits depressed earnings at South African bank BoE, which is talks on a takeover by bigger rival Nedcor, results on Monday showed
The US economy's outlook is favourable and interest rates need not be raised until the recovery gathers steam, according to a new International Monetary Fund (IMF) report notable for its criticism of the Bush administration's economic performance.
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.''