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IMF chief says worst of financial crisis is over

The worst of the financial-sector crisis is over, although the impact on the broader economy will likely drag on in coming months, International Monetary Fund (IMF) managing director Dominique Strauss-Kahn said on Thursday. "There are good reasons to believe that the largest part of disclosure in financial institutions has been done," he said.

World markets keep JSE firm

The JSE remained firm by midday on Tuesday as overnight gains in the United States triggered good buying interest among global equities. By noon, the JSE's broader all-share index was up 2,22%. Banks gained 3,1% and financials lifted 3,06%.

Gold, oil continue to climb on dollar slump

Gold added $24,95, or 2,49%, to trade at $1 025,05 by 1.30pm on Monday -- this after rising more than 3% to a record $1 032,60 a troy ounce in overnight trade. Oil prices have also rallied in response to the dollar's weakness overnight with Nymex crude setting a fresh all-time high of $111,80.

Massive oilfield a ‘new horizon’ for Brazil

A monster offshore oil discovery could help Brazil join the ranks of the world's major exporters, but full-scale extraction is unlikely until 2013 and will be very expensive. The "ultra-deep" Tupi field off the coast of Rio de Janeiro could hold as much as eight billion barrels of recoverable light crude.

World credit crunch claims another victim

UBS AG, the world's largest wealth manager, unveiled $3,4-billion in losses, has swept out senior managers and slashed jobs in one of the biggest casualties yet of the worldwide credit crunch. UBS said on Monday it will write down a net four billion Swiss francs ($3,42-billion) in its fixed-income portfolio and elsewhere.

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An entrepreneurial, business-minded, impact-driven individual is sought to lead the organisation as it looks to scale and grow

Balwin properties and Absa launch South Africa’s first green home loan

Balwin Properties’ Edge registration of over 16 000 units was a global first, covering more homes than any single property developer in the world to date

Young professional gets a career boost from PSETA

SAICA makes ongoing efforts to encourage the professionalisation of financial offices in private and public sector organisations

Colgate-Palmolive South Africa donates one million bars of soap

The combination of limited access to quality soap and a lack of knowledge of how to properly wash hands is a challenge in many vulnerable communities

Cheque value bundles – real value

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Absa Rewards puts cash in your pocket

In addition to the cash benefits, you will receive special offers and exclusive deals from selected Absa Rewards partners

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Eleven ways to protect yourself against fraud

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