Business

Messy municipal strike set to end

The three-week municipal workers' strike looks set to end after the SA Local Government Association announced on Tuesday night it had reached a tentative agreement with two trade unions.

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.

Kimberley process to be launched in Geneva

Southern African countries will launch a scheme in November to try to end the trade in blood diamonds, funding many of the continent's conflicts, a senior regional official said on Sunday.

Asian ministers plan biggest free trade area

Southeast Asian economic ministers will meet from Thursday to finalise a framework agreement with China on how to create the world's biggest free trade area of nearly two billion people.

Industry joins Greenpeace to demand climate action

An array of big businesses joined forces with an unlikely ally on Wednesday to call on governments meeting at the Earth Summit to take clear action to tackle global climate change.

Sars’ performance ‘remarkable’ – Manuel

The difference a ''revitalised'' South African Revenue Service (Sars) had made to the country's economic landscape was remarkable, Finance Minister Trevor Manuel said on Monday.

Oil at $30: Bali blast may bolster Bush’s stance

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.

MTN says sees higher first-half

South African mobile phone operator MTN Group Ltd said on Friday it expected to report higher first-half earnings, sending its share up as much as 7,9% to its strongest level in about five months.

Foreign investors eye Zim telecoms stake

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.

SA August PPI up 15,4%

South Africa's all-commodities producer price index rose by 15,4% in the year to August after increasing by 15,2% in July, Statistics South Africa figures released on Wednesday show.

Weak BoE earnings increase Nedcor offer appeal

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

US economic outlook favourable, says IMF

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.

Angloplat, unions seal two-year wage deal

Anglo American Platinum, the world's biggest producer of the metal, signed a two-year wage agreement with eight labour unions on Tuesday, ending months of negotiations, the unions and company said.

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.

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.
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