South African bonds were strengthened as the currency appreciated somewhat, but some analysts feel the bolstering is a temporary one.
November retail trade was up by more than 4% from last year, Statistics South Africa has said.
A newly-formed retail-focused property fund plans to list on the JSE.
Little changed from its overnight close against the major currencies‚ as the rand held steady in early trade on Tuesday.
As SA Breweries workers embark on a strike over wage negotiations, the company has stood by its 7% wage offer.
The energy department says the retail price of all grades of petrol will increase by 93 cents per litre next week.
Rating agency Moody’s says Sanral will buckle under its financial burdens after October next year if e-tolling doesn’t start making money by then.
AngloGold Ashanti has become the 49th business partner to join Eskom’s energy efficiency drive, 49M.
The average value of cash withdrawals across more than 1 500 ATMs throughout South Africa grew 6.77% year on year for June.
A new study shows that BEE leaders who succeeded in through political clout rather than entrepreneurial initiative are no longer regarded as iconic.
The latest Statistics South Africa figures suggest social grants and a large public service are taking their toll on government coffers.
Trade and Industry Minister Rob Davies says Switzerland is the "key partner" for investment into South Africa.
No image available
/ 20 September 2011
Avusa’s chairperson and two directors have quit after alleged interference from shareholders, and the company’s chief executive will soon follow.
Julius Malema came out swinging on Monday, taking aim at the media after reports that his companies had been awarded more than 20 contracts.
No image available
/ 11 February 2010
President Jacob Zuma made a number of sweeping promises in his State of the Nation address on Thursday, and aims to improve service delivery.
No image available
/ 21 October 2008
The financial storm has arrived, said Finance Minister Trevor Manuel on Tuesday in presenting his Medium-Term Budget Policy Statement.
Shareholders of Tiger Brands on Thursday approved resolutions that will give rise to the separate listing and unbundling of Adcock Ingram Holdings.
Vodacom brings effortless internet to all its cellphone customers and makes a deal with South African social-media website <i>Zoopy.com</i>.
South African Reserve Bank Governor Tito Mboweni has raised the repo rate, at which the South African Reserve Bank lends money to banks, by 50 basis points to 11,5% following a two-day meeting of the bank’s monetary policy committee. The prime overdraft rate therefore increases to 15%.
No image available
/ 20 February 2008
Overwhelmingly positive or mediocre? Economists on Wednesday had a variety of impressions to share of Finance Minister Trevor Manuel’s national budget, tabled in Parliament earlier in the day. Colen Garrow, economist at Brait, said: "There was nothing in it for the embattled consumer."
No image available
/ 6 December 2007
South African Reserve Bank Governor Tito Mboweni on Thursday raised the repo rate by 50 basis points following a two-day meeting of the bank’s monetary policy committee. The increase pushes the repo rate to 11%, the prime overdraft rate to 14,5% and the tightening cycle that began in June last year to 400 basis points.
Senior company officials have confirmed that a shortage of skills has been one of the most costly and troublesome issues affecting the management of South African businesses in the past two years. This was a finding of a recent Centre for Development and Enterprise (CDE) survey, which included a cross-section of 40 businesses recruiting skilled labour in Gauteng.
No image available
/ 21 February 2007
South Africa needs to compete to attract more foreign direct investment, the Democratic Alliance said on Wednesday in reaction to the budget speech, adding that a corporate-tax rate cut would have been justified. Economist Mike Schussler told the <i>Mail & Guardian Online</i> that companies were being ignored in the Budget.
No image available
/ 21 February 2007
Finance Minister Trevor Manuel’s 2007/08 budget tabled in Parliament on Wednesday holds good news for most, with R8,4-billion staying in the pockets of individual taxpayers — who will also benefit from the abolition of retirement-fund tax from March 1.
No image available
/ 18 January 2007
Power cuts rippled across South Africa on Thursday, blacking out parts of major cities and spurring warnings from state utility Eskom that unexpected shortages could extend into next week. The cuts, which Eskom attributed to power-station maintenance and the shutdown of one unit at Koeberg, caused power failures stretching from Cape Town to Johannesburg.
No image available
/ 6 November 2006
Monday’s judgement of the Supreme Court of Appeal upholding the conviction of Schabir Shaik, financial adviser to former deputy president Jacob Zuma, now gives the National Prosecuting Authority the moral high ground to continue with its case against Zuma, say opposition politicians.
Thursday saw the long-awaited launch of South Africa’s second national operator — to be known as Neotel — at a function in Kyalami, north of Johannesburg, that featured violinists, African dance and a mime artist. Neotel MD Pandey outlined the company’s planned roll-out of telecommunication services.
South Africa’s Ministry of Justice and Constitutional Development says there is no truth in a recent <i>Mail & Guardian</i> story where it was asserted that President Thabo Mbeki had intervened and stopped the "judges Bills". The <i>M&G</i>, however, stated on Friday that it stands by the story, which it holds to be "of immense public interest".
The new R55-million Baramall shopping centre was officially launched in Soweto on Wednesday. The centre is fully let and anchor tenants include Shoprite, OK Furnishers, Jet Stores, PEP Stores, Diskom and Dunns, while financial institutions include Absa, African Bank, First National Bank and Standard Bank.
Several South African municipalities are looking at offering telecommunications services as a service to residents or have already begun to do so, says Dr Andrew Hutchison, T-Systems South Africa’s business manager for telecommunications. This trend has immense potential to help the country bridge its digital gaps.
Proudly South African (PSA) — the campaign established in 2001 to encourage consumers to buy local products — is undergoing a renaissance under new CEO Manana Moroka, the organisation said on Tuesday. The <i>Mail & Guardian</i> reported earlier this month that PSA was floundering.
No image available
/ 9 February 2006
Hundreds of Muslims, expected to march in central Cape Town on Thursday to protest against cartoons caricaturing the prophet Muhammad, would have to abide by strict conditions or face possible arrest, the City of Cape Town said. Meanwhile, the Cabinet and the South African National Editors’ Forum have reacted to the controversy.