Local hedge funds prove their worth 2008-04-30 09:00:01
The South African hedge fund index for March shows a good performance for local funds in a month that was tough for equity markets, both globally and locally, an investment manager says.
[Full Story....]
 Hedge funds make effort to shed light on holdings
Hedge funds system 'works'
|
Motorists face another hefty fuel price hike 2008-04-30 09:00:01
Economists are warning consumers to brace themselves for the petrol price to rise by about 50 cents a litre next month.
[Full Story....]
Price hike puts more pressure on motorists
Petrol price to rise by 43c/l
|
Tariffs hike: Nersa 'likely to block Eskom request' 2008-04-30 06:00:01
Eskom's request to increase electricity tariffs by 61 percent would result in ''extraordinarily high returns'' and was unlikely to be granted, Investec Securities said yesterday.
[Full Story....]
|
Failed BEE deal crashes Nationwide 2008-04-30 06:00:01
Domestic airline Nationwide has closed without warning as a result of the soaring oil price and the collapse of a black economic empowerment (BEE) deal under which the African General Equity Group (AGE) was expected to take over 51 percent of the domestic airline.
[Full Story....]
|
Nedbank was dishonest in auction - judge 2008-04-30 06:00:01
A Pretoria high court judge has found "overwhelming evidence" of fraud or collusion between Nedbank and liquidators, including controversial liquidator Enver Motala, in the auction of more than 100 properties owned by a Pretoria property development company.
[Full Story....]
|
Taste expects a bigger slice 2008-04-30 06:00:01
Taste Holdings expected headline earnings for the year to February to increase by between 15 percent and 25 percent, it said yesterday.
[Full Story....]
|
Liberty chief earns R10.5m 2008-04-30 06:00:01
Liberty Group paid chief executive Bruce Hemphill R10.5 million for his first full year in the post, the insurer said yesterday.
[Full Story....]
|
High local crop yields likely to soothe food crisis 2008-04-30 06:00:01
While rocketing food prices are causing concern globally, South Africans can expect some relief as local farmers boost production.
[Full Story....]
|
Tariff hikes 'reckless' 2008-04-29 14:09:01
The approval of additional tariff increases for electricity would be reckless in light of the prevailing failures by government and Eskom, South Africa's opposition party says.
[Full Story....]
Nersa makes tariff hearings a priority
City proposes hikes in tariffs
|
Mine safety a collective responsibility 2008-04-29 13:20:01
Safety at work is a constitutional imperative that the state, employers and employees must uphold, the minister of minerals and energy tells a summit on mine safety.
[Full Story....]
Anglo American improves mine safety
Miners' strike puts safety over output for a day
|
Nersa makes tariff hearings a priority 2008-04-29 12:42:01
The National Energy Regulator of South Africa has limited public hearings on Eskom's proposed steep tariff hikes to Pretoria because the application is urgent, the body says.
[Full Story....]
Eskom hides behind Nersa
Nersa probes alleged procurement scam
|
Exxaro eyes copper and nickel 2008-04-29 06:00:01
Exxaro Resources, South Africa's only zinc producer, may enter the copper and nickel industries to cover more of the metals required by China's booming economy.
[Full Story....]
|
The Houghton attracts property investors 2008-04-29 06:00:01
A R3 billion luxury apartment development overlooking a new Jack Nicklaus-designed signature golf course, with apartments priced from R4.4 million to R30 million plus, is being developed on the Houghton Golf Course in Johannesburg.
[Full Story....]
|
CIC puts in strong revenue growth 2008-04-29 06:00:01
CIC Holdings showed strong revenue growth in its latest trading period, despite top-line sales facing the pressure of rising costs, particularly in fuel prices.
[Full Story....]
|
Guma bids R2bn for Tourvest 2008-04-29 06:00:01
Black economic empowerment (BEE) company Guma Tourism has made a R2 billion bid for a controlling stake in Tourism Investment Corporation (Tourvest) after Imperial's disposal of its 66 percent stake.
[Full Story....]
|
Drug registration shake-up imminent 2008-04-29 06:00:01
Role players in the pharmaceutical industry would be able to hold the new regulatory body for medical products accountable for delays in registering new drugs and could even sue it if necessary.
[Full Story....]
|
Sasol franchisees get sizeable BEE stake 2008-04-29 06:00:01
The owners and employees of Sasol's franchised retail outlets have emerged as a sizeable block of shareholders in the petrochemical group's recently unveiled R25.9 billion black economic empowerment (BEE) deal.
[Full Story....]
|
WFP pleads for funds as food prices soar, protests break out 2008-04-29 06:00:01
The World Food Programme (WFP) has appealed for hundreds of millions of dollars to cope with rising food prices that have sparked protests and food riots in 34 countries and led to bans on food exports in about 40 nations.
[Full Story....]
|
Eskom vows not to stop low-cost housing estates 2008-04-29 06:00:01
Eskom and the national housing department were adamant last week that low-income housing projects were exempt from the moratorium on electricity application approvals for new developments requiring more than 100 kilovolt-amperes (kVA) of electricity.
[Full Story....]
|
Vodacom tosses the political hot potato 2008-04-29 06:00:01
Vodacom has sidestepped the political drama around its R7.5 billion black economic empowerment (BEE) deal by shunning a consortium at the centre of alleged political interference.
[Full Story....]
|
Data agency once more fails to get figures right 2008-04-29 06:00:01
Reliable official data are essential to policy making, but Statistics SA is often found wanting - to the detriment of economic policy.
[Full Story....]
|
State delivers 250 000 homes a year to poor 2008-04-29 06:00:01
The government delivers about 250 000 housing units a year for the poor, according to the annual report of the accelerated and shared growth initiative for South Africa (Asgisa).
[Full Story....]
|
Gumede: Lawyer turns his shrewd business skills to empowerment in the ICT sector 2008-04-29 06:00:01
Mpumalanga-born Robert Gumede has made a name for himself as one of the major players in black economic empowerment circles of the information and communication technology (ICT) sector.
[Full Story....]
|
Post Office 'is cashing in family silver' 2008-04-27 06:00:01
The SA Post Office is on the brink of technical insolvency, informed sources have told Business Report.
[Full Story....]
|
Poop predicament has horse owners raising a stink 2008-04-27 06:00:01
The poop hit the fan when the last manure mulcher in Los Angeles closed shop.
[Full Story....]
|
Japan bets on WTO to solve its food crisis 2008-04-27 06:00:01
Countries such as Thailand, Vietnam and China have imposed export curbs on rice as shortages caused prices to double in the past year.
[Full Story....]
|
Cabinet to address food crisis next week 2008-04-27 06:00:01
Measures to stem the looming food price crisis would be put before the cabinet next week, the National Agricultural Marketing Council (NAMC) said on Friday.
[Full Story....]
Shortages: IMF and World Bank to take charge
|
Shortages: IMF and World Bank to take charge 2008-04-27 06:00:01
World Bank president Robert Zoellick this week welcomed the Japanese prime minister's announcement that he intended to put the food crisis on the agenda of the Group of Eight industrial nations' (G8) summit in July.
[Full Story....]
|
Cambodia's poor are hard hit by cutbacks in relief agency food aid 2008-04-27 06:00:01
Pin Oudam (13) gets a free breakfast of rice, fish and yellow split peas every morning at his school in Kampong Speu, Cambodia's poorest province. Next week he won't.
[Full Story....]
|
Kazakhstani entrepreneur has uranium at his fingertips 2008-04-27 06:00:01
Former cognac and car salesman Mukhtar Dzhakishev said he planned to triple production at the Ulba metallurgical plant in Oskemen, a formerly secret city south of Siberia known in Russian as Ust Kamenogorsk.
[Full Story....]
|
Cabinet seeks solutions to food price crisis 2008-04-25 15:12:01
Measures to stem the looming food price crisis in South Africa will be put before Cabinet next week, with short- and long-term interventions forming part of the solution.
[Full Story....]
Unions consider protests over food, power prices
Food prices to keep rising - World Bank
|
Assmang warned of manganism dangers 2008-04-25 13:23:01
Assmang has for 11 years been warned of the dangers of airborne manganese particles at its smelter, a inquiry into alleged cases of manganism at the company's plant has heard.
[Full Story....]
Assmang liable for charges over fatal explosion
Assmang decision waits on new report
|
Unions consider protests over food, power prices 2008-04-25 11:00:01
Two major trade union bodies will motivate their plans to picket and strike over rising food prices, and a proposed 53 percent hike in electricity tariffs.
[Full Story....]
Expect a season of tough wage talks, say unions
Eskom, unions head to CCMA over wages
|
State should not profit from its mistakes: report 2008-04-25 09:23:01
The government should not be allowed to get tax income from the huge increase in the electricity price becuase the hike is a result of the state's poor planning, a report states.
[Full Story....]
Power prices 'will triple in next decade'
Electricity to rise sooner or later
|
Government sticks to its guns on growth target 2008-04-25 09:18:01
South Africa is sticking to its target growth rate of 6 percent by 2010 despite a chronic power crisis and slower global growth, a government official says.
[Full Story....]
Highlights: From report of the accelerated and shared growth initiative for SA
Inflation to trim real income growth
|
Demand for office space outstrips supply 2008-04-25 06:00:01
Office vacancy rates, excluding those in central business districts (CBDs), are on average below 4 percent countrywide.
[Full Story....]
|
Tourism to add 4m jobs to region 2008-04-25 06:00:01
Southern Africa has had strong growth over the past two years and is likely to perform even better this year - partly due to an increase in tourism. This assessment comes from the Reserve Bank's financial stability review, released yesterday.
[Full Story....]
|
No investors for Eskom solar plant 2008-04-25 06:00:01
Eskom is still struggling to secure funding for its 100 megawatt solar power demonstration plant, but a new proposal will be presented to the utility's board in the next few weeks to overcome this.
[Full Story....]
|
Landlords 'must foot losses bill' 2008-04-25 06:00:01
The Restaurants Association of SA (Rasa) wants landlords to compensate business owners for the loss of business during load shedding.
[Full Story....]
|
Highlights: From report of the accelerated and shared growth initiative for SA 2008-04-25 06:00:01
Spending on infrastructure by government departments and state-owned entities will amount to R600 billion over the next four years.
[Full Story....]
|
Eskom won't pay more for coal 2008-04-25 06:00:01
BHP Billiton's local coal producing unit was seeking to renegotiate its supply contracts with Eskom, mining and power industry sources said yesterday.
[Full Story....]
|
Tracking and cellphones boost Altech 2008-04-25 06:00:01
Allied Technologies (Altech) profit grew by 23 percent, driven by growth from Autopage cellular services and its Netstar vehicle tracking unit.
[Full Story....]
|
Assmang liable for charges over fatal explosion 2008-04-25 06:00:01
Assmang could face criminal charges over the February blast that killed six people.
[Full Story....]
|
Banks face gloomy period as rate hike prospect rises 2008-04-25 06:00:01
The current and next quarters were going to be the toughest for banking confidence as a chance for a further interest rate hike became real, Emilio Pera, the banking director at Ernst & Young, warned yesterday.
[Full Story....]
|
PPI worries pull down share prices of big four lenders 2008-04-25 06:00:01
Shares of South Africa's four big banks were sent spiralling down on the JSE after negative sentiment surrounding the banking sector flooded the market yesterday.
[Full Story....]
|
Deputy president warns on widening wealth gap 2008-04-25 06:00:01
The biggest beneficiaries of post-apartheid South Africa's stellar growth were the rich, a situation that was "politically and economically" unsustainable, deputy president Phumzile Mlambo-Ngcuka said yesterday.
[Full Story....]
Highlights: From report of the accelerated and shared growth initiative for SA
|
Review cautions on bad bank loans 2008-04-25 06:00:01
Banks' non-performing loans are picking up sharply, according to the Reserve Bank's financial stability report, released yesterday. The review, which identifies potential risks to the financial system, is published twice a year.
[Full Story....]
|
Producer inflation continues its climb to 11.8% 2008-04-25 06:00:01
Consumers face even worse news down the line, on top of earlier news that consumer inflation has hit double digits for the first time in five years.
[Full Story....]
|
