MAIL & GUARDIAN: Business

Small business growing

The small business community in South Africa has rapidly expanded over the past seven years. It is alive and kicking, with lots of painful growth, extraordinary successes, shattered dreams and ruined credit records.

Starving arts

The National Arts Festival, which starts in Grahamstown next weekend, enters a brave new era in its bid for economic survival.

Phone bill cuts Packer’s pile to three billion

Media and gambling magnate Kerry Packer was estimated to have lost 300-million dollars (US$162-million) in the last 12 months.

Prices fall as withdrawals hit East African tea auction

TEA prices fell sharply in Kenya this week as ripples from heavy withdrawals seriously hit Monday's weekly tea auction in Mombasa, leading broking house, Africa Tea Brokers (ATB), said in a market report released here Tuesday.<br>

African water conference seeks $10-billion

DELEGATES to a major conference in Accra, Ghana, have recommended the setting up of a 10 billion dollar annual fund to develop water supplies and sanitation in Africa.<br>

Afloat but not alone in oil maelstrom

South Africa is at the mercy of two highly liquid and ruthless international free markets: the oil market and the currency market. Neither is going in our favour.

Big guns to miss Nepad funding meeting

AFRICAN leaders were due to meet hundreds of global business chiefs in Dakar on Monday in a bid for cash to pay for an ambitious plan to lift the world's poorest continent out of misery. But some continental heavyweights, who played a key role in putting the programme together, have pulled out at the last minute or are not attending.<br>

Angonave protest in Angola shows no sign of ending

FOR 524 days, sleeping in cardboard boxes, Joaquim and Franklin have maintained a vigil outside the offices of Angola's state shipping company, Angonave.

Shell says invading is a bad habit

THE Shell oil company said on Sunday that invaders were wreaking havoc at its natural gas plant in Utorogu in Nigeria's southern Delta State.

Canada donates whopping amount to Southern Africa

Canada announced on Wednesday it was sending an additional CAN$34,2-million (US$22,2-million) in humanitarian assistance to Southern Africa.

SA petrol should drop by 18 c/l in December

The retail petrol price in South Africa should drop by 18 cents per litre (c/l), the latest data from the Department of Minerals and Energy shows. An official announcement is expected on Monday, December 2.

Nedcor’s offer to NIB minority shareholders

Nedcor's offer to NIB minority shareholders Banking group Nedcor has announced its offer price to acquire the interests of minority shareholders in its subsidiary, Nedcor Investment Bank Holdings Ltd (NIB).

Markets ‘forced’ mine indaba

Shaken by the "savagery" of market reaction to a leaked black empowerment charter, the government has elevated the issue of empowerment in mining beyond the exclusive remit of Minister of Minerals and Energy Phumzile Mlambo-Ngcuka.

Those big wheels keep on turning

SA's private sector land freight volumes rose by 8% year-on-year in September to 45,754 million metric tons, while the volume of goods transported by state-owned Transnet declined by 1% y/y to 14,686-million metric tons.

We’re in for a slog

Economic growth figures released this week paint a mutedly optimistic picture, but are unlikely to dissuade Reserve Bank Governor Tito Mboweni from pushing for an interest rate hike.

Radebe:Privatisation to yield R12-billion

Government is fast-tracking its partial privatisation drive this year through major changes to arms manufacturer Denel - including the sale of a third share in the business - and the drawing in of private-sector skills in running South Africa's main port at Durban.

Shareholders approve Naspers buy-out of MIH

Shareholders of media group Naspers (NPN) have approved the group's proposed buy-out of the minorities of MIH Holdings (MIHH) and MIH Limited (MIHL).

Telkom’s charmed life is over

What a week it has been for Telkom. On Wednesday, a day after its exclusivity deal from the government expired, it was taken to the Competition Commission for discriminatory pricing.

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