Clean natural gas should start flowing from Mozambique's gas fields in late 2003 and is expected to seriously re-arrange neighbouring South Africa's energy mix as many industries switch from dirty coal.
United Airlines yesterday bowed to the inevitable and filed for bankruptcy protection, making it the largest failure in the airline industry to date and among the top 10 collapses in corporate history.
MIHH and Naspers' shares continued climbing on Thursday in the wake of the sale of their subsidiary Open TV to Liberty Media Corporation for R1,9 billion.
Saudi-backed Cell C, South Africa's third and most recent mobile phone operator, has connected more than 500 000 customers within six months of starting business.
The business confidence index (BCI) as measured by the SA Chamber of Business (Sacob) has improved from 101,3 in April, to 107 in May to 108,1 in June.
Growth in South Africa's money supply slowed in August but credit demand accelerated, data on Tuesday showed, fanning fears that interest rates would
rise for the fifth time this year to quash soaring inflation.
Brewing giant SABMiller Plc reported a 24 percent rise in half-year profits on Thursday and said it would cut costs in a bid to win over American beer drinkers.
An African, Caribbean and Pacific summit on trade and aid was on Friday set to venture into stormy political waters by strongly condemning nuclear waste shipments across the Pacific.
The government predicts that a new diamond mine due to begin operating this year contains reserves of
23-million carats worth about ,5-billion, a news report said on Friday.
Volkswagen South Africa (VWSA) will invest R2,1-billion in infrastructure, improving facilities and upgrading its products at its Uitenhage plant outside Port Elizabeth over the next six years, the carmaker said on Tuesday.
Bankruptcies in Japan in April were the third-highest for the month in half a century and deepening deflation could send the figure to record annual highs, a research firm said on Thursday.
THE Congress of SA Trade Unions (Cosatu) and its alliance partners announced that unemployment remained the most difficult challenge for government, as more workers lost their jobs and more people faced poverty.