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.

G7 grapple with turbulent markets

The world's most powerful economic policymakers meet behind a wall of security here Friday to plot a recovery course through turbulent global markets, a threat of war in Iraq and stumbling growth.

You ain’t seen nothing yet, warns Cosatu

The Congress of SA Trade Unions (Cosatu) strike enters its final day on Wednesday, with the federation warning that more workers will down tools to strike against government's privatisation plans.

Shipwreck leads to R15-million in claims at Santam

The stranding of the Jolly Rubino off the St Lucia estuary had led to claims totalling almost R15-million for one of Santam's underwriting agencies, Associated Marine Underwriting Agency (Amua).

Durban suspends Sacob membership

The Durban Chamber of Commerce and Industry on Thursday suspended its membership of the South African Chamber of Business (Sacob), becoming the third major metropolitan affiliate to abandon the beleaguered national chamber.

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.

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 ...