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