adminJSE puts in solid performance
Johannesburg – The All-share index on the JSE is approaching the 52,000 level again, after another solid performance yesterday morning. It is the third day in a row that the…
Oil find in Ghana
ACCRA – Lukoil Offshore said yesterday it found high showings of oil and gas at its Cape Three Points Deep Water block off the coast of Ghana and the Energy…
Pressure on ArcelorMittal, Sasol to lower prices
CAPE TOWN – South Africa will put pressure on steel producer ArcelorMittal SA and petrochemicals firm Sasol to reduce prices and help cut input costs in the steel, platinum and…
South Africa avoids recession
Cape Town – South Africa’s economy avoided slipping into a recession in the second quarter, as solid growth in the agriculture and financial industries outweighed a hammering in the strike-hit…
Business confidence recovers from 15-year low
JOHANNESBURG — Business sentiment has recovered from a 15-year low in August, helped by the resolution of labour strikes and easing consumer price pressures, a survey showed yesterday.
Nigeria hits 39.5 metric tonnes installed capacity of cement production
The Nigeria federal government has said that owing to its backward integration policy, the country now has an installed capacity of 39.5 million metric tonnes (mmt) of cement production.
Liquid Telecom seeks $150 million loan
ECONET Wireless Global’s Liquid Telecom is seeking a $150 million loan facility to help expand its international network. According to a post on Global Capital, Liquid’s five-year financing deal is…
Celebrity hacking clouds Apple’s product launch
APPLE Inc (AAPL.O) has often displayed uncanny timing, with its well-orchestrated end-of-year iPhone releases. But the leak of racy celebrity photos in the past few days put the company in…
Ex-MDC-T councillor falls on hard times
Midlands Bureau Former MDC-T councillor for Ward 19 in Mkoba, Gweru, Clemence Kwaru, has fallen on hard times as he is failing to take are of his child that he…
Workers get staggered wage increase
EMPLOYEES’ and the employers’ organisation in the cement and lime and allied industry have agreed on a wage increase that will be staggered between the first and second half of…