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/ 29 November 2007
South Africa’s factory-gate inflation ticked up to 9,5% year-on-year in October, data showed on Thursday, beating forecasts and reinforcing expectations for an interest-rate rise next week. Producer price inflation accelerated from 9,4% year-on-year in September, and outstripped forecasts of a 9,1% rise, Statistics South Africa said.
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/ 19 November 2007
South African fixed-line operator Telkom said on Monday first-half headline earnings per share fell 15,1% to 742,3 cents. Telkom said the reduction in earnings was due to a 4,8% decrease in operating profit to R7,313-billion rand, caused by a 13,8% increase in operating expenses and a 122,4% rise in finance charges.
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/ 3 September 2007
South Africa’s Telkom said on Monday it was in talks with Britain’s Vodafone and MTN, sparking talk it wants to sell its fixed-line business and its stake in cellphone operator Vodacom. Telkom gave no further details. Vodafone and MTN — sub-Saharan Africa’s biggest cellphone operator — said separately the talks were at a ”very preliminary stage”.