Business

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.

Enron’s ‘Crooked E’ sign snares $44 000 at auction

Enron Corporation sold a prized asset on Wednesday for 88 times its asking price, but this time it didn't need an accountant, banker or chief financial officer to make the deal -- just an auctioneer.

Opening Windows

Microsoft will reveal hundreds of pieces of computer code from its monopoly Windows operating system in the next several weeks to comply with an antitrust settlement.

The euro’s climb to parity with the dollar

The euro, rose to parity with the dollar on Monday in a steady march which gained strength in February this year from lacklustre US stock market performances and an expanding US current account deficit.

US targets African oil

In the run-up to a possible US-led offensive on Iraq, US oil companies and strategic planners have their sights on another gulf - West Africa's Gulf of Guinea, a booming backwater surpassing Saudi Arabia in oil exports to the United States.

Oil prices climb after renewed Mideast tensions

Oil prices resumed their upward climb on Monday on reports of increased tensions in the Middle East that saw Israeli tanks roll into the West Bank city of Ramallah.

Manuel suggests inflation target review

South African Finance Minister Trevor Manuel said on Thursday he was concerned about the use of higher interest rates as the only tool to fight soaring prices, and suggested that domestic inflation targets could be reviewed.

Zambia says Namibian firm is keen to buy Ramcoz mine

Zambia's mining minister said on Wednesday Namibian miner Ongopolo Mining and Processing had made inquiries about purchasing the troubled Roan Antelope Mining Corporation, and it was welcome to do due diligence.

Don’t complain Anglo tells Zambia, just take the cash

Zambian President Levy Mwanawasa said Anglo American had offered his government -million to offset its withdrawal from troubled Konkola Copper Mines (KCM).
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