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/ 15 April 2008

Cell C reports first annual profit

South Africa’s third-largest cellphone operator, Cell C, which has been operating for five years, reported on Tuesday its first annual profit. Cell C, which seeks to dominate the lower end of the local cellular market, said in a statement that operating profit surged R321-million in 2007 from an operating loss of R349-million in 2006.

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/ 23 January 2008

JSE up slightly, tracks FTSE

The JSE was only 0,42% in the black in midday trade on Wednesday, having pulled back after being up sharply earlier, as it started to track the FTSE and negative Dow futures, according to a trader. By 12.18pm, resources gained 1,11% and the platinum-mining index added 0,17%, but the gold-mining index was off 0,76%. Financials climbed 1,01% and banks edged up 0,11%.