Gugulakhe Lourie

The rand fell more than 1,7% to a three-week low against the dollar on Wednesday as Europe’s debt problems kept investors wary of risk.

Microsoft South Africa, a unit of the world’s largest software firm, will invest R475-million in four black-owned software firms.

Cellphone operator Vodacom said on Monday first-half earnings rose 38,4% and lifted its interim dividend 64%.

Aveng, Africa’s largest builder by market value, posted an 8% drop in full-year profit, hit by lower demand for construction projects.

Vodacom is teaming up with Nedbank to deliver a phone-based cash transfer service, similar to a successful service operating in Kenya.

The Sports Ministry on Thursday cancelled a press conference at short notice to announce a decision on Caster Semenya’s possible return to action.