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Mail & Guardian
lynn bolinlatest news & developments

Where employers lock up and go

Few in the West have heard of Dongguan, but the chances are that your shoes, your TV or your children’s toys originated here.

Mini-budget sees increase in spending

South Africa’s latest Medium-Term Budget Policy Statement, outlined by Finance Minister Trevor Manuel on Wednesday, combines real increases in spending of 9,7% in the current…

Tax revenue seen up by almost R30bn

South African Minister of Finance Trevor Manuel has revised upward by R29,6-billion the government’s projected revenue collections for the 2006/07 financial year. The sharp…

Sanlam looking at GE’s UK life-insurance business

Sanlam, South Africa’s second-largest life insurer, has confirmed it is examining a possible acquisition of the United Kingdom life insurance business of General Electric (GE) as…

Nederburg Auction prices fall 25% on correction

The average price of wines sold at the 32nd Nederburg Auction over the weekend fell 25% from those attained in 2005, with the market experiencing a correction after having soared…

SA’s first all-female BEE wine producer launched

The South African wine industry marked a milestone on Wednesday with the launch of Women in Wine, the country’s first wine producing company that is owned, controlled and managed…

Mbeki: Blackouts won’t derail investment

The South African government does not expect the recent power blackouts experienced in the Western Cape to either derail economic growth or impact adversely on investment in the…

Mboweni warns of ‘inflationary consequences’

There could be "inflationary consequences" for South Africa if economic growth was higher than the annual 4,5% rate shown by research to be the country’s potential output rate,…

Masetlha facing arrest over ongoing e-mail saga

South Africa’s ruling African National Congress will convene a special meeting of its national executive committee (NEC) solely to address the conclusions contained in the…

SA building costs rise 85% in six years

Building costs as measured by the cost to the client (including building materials, labour, fuel and contractor profit-margin) have risen by about 85% in the past six years,…

Santam launches low-cost home insurance

Listed short-term insurer Santam has launched South Africa’s first affordable household insurance product aimed at the lower-income sector, the company announced on Monday. The…

SABMiller after Slovak brewery

SABMiller, one of the world’s largest brewers, has received permission from the Slovak competition authority to acquire Slovakia’s third-largest brewery, Topvar, in a deal worth…

December retail-sales growth ‘phenomenal’

Retail-sales data for December released earlier on Wednesday by Statistics South Africa (Stats SA) show that growth in sales over the Christmas spending season was "phenomenal",…

Old Mutual SA reports 2% increase in profits

Old Mutual South Africa, the South African subsidiary of listed insurance and financial-services group Old Mutual, has seen its operating profit grow by only 2% in 2005 due to…

SA wine industry calls for government aid

The South African wine industry, represented by the South African Wine & Brandy Company, has officially asked the government for support in regaining a competitive advantage…

Larger trade areas boost Truworths sales

Listed South African fashion retailer Truworths International has reported a 33% increase in its fully diluted headline earnings per share for the 26 weeks to the end of December…

Mr Price Home celebrates R1bn sales mark

Mr Price Home, the furniture, homeware and home decor chain of stores owned by listed retailer Mr Price Group, has reached the R1-billion mark in annual sales after only seven…

Skandia CEO lauds improved results

The CEO of Swedish financial-services group Skandia, Hans-Erik Andersson, faced with the recent success of Old Mutual’s R38-billion takeover of the company, has emphasised…

Trevor Manuel’s ‘good news’ Budget

Minister of Finance Trevor Manuel has unveiled a "good news for all" Budget for the next three years, providing for lower Budget deficits between 2005 and 2009, tax relief of…

‘Embarrassment of riches’ could mean tax cuts

The South African government is faced with such an embarrassment of riches in 2006/07 that Minister of Finance Trevor Manuel will be able to cut personal income tax by 1% across…