adminEdgars sales up 8 percent
Business Reporter Edgars Stores retail sales for the first half of 2014 increased by 8 percent as profitability was boosted by improved sales due to an extended payment period.
Nigeria’s revenue collection falls
LAGOS – Nigerian government revenues fell to 601.6 billion naira ($3.7 billion) in August, down 4,6 percent from 630.3 billion naira in July due to oil outages, Accountant General Jonah…
Delta slashes beer prices
Business Reporter Delta Beverages has announced a review of beer prices across the whole portfolio except on pints. The new prices came into effect on September 15, 2014 and have…
Delta slashes beer prices
Business Reporter Delta Beverages has announced a review of beer prices across the whole portfolio except on pints. The new prices came into effect on September 15, 2014 and have…
AngloGold faces shareholder revolt
AngloGold Ashanti faces a possible shareholder revolt over its plans for a $2.1 billion rights issue and asset split. Local shareholders have added their voice to that of billionaire hedge-fund…
China advances gold exchange launch
SINGAPORE – China will launch its international gold exchange 11 days ahead of schedule, sources said on Tuesday, racing ahead in the scramble to set up an Asian bullion benchmark…
Sasol cuts off cash to Durban oil exploration
Sasol, which is exploring for oil and gas off the Durban coast in partnership with Italy’s Eni, has halted spending on the project until there is certainty on the minerals…
Health insurance boosts First Mutual earnings
Business Editor INSURANCE giant First Mutual Holdings Limited achieved a 14 percent gross premium income of $59,2 million in the first half of this year spurred by an increase in…
Diamonds aren’t forever, De Beers warns
The De Beers diamond cartel warned yesterday that global production will decline from 2020, a trend that could spell pricier bling for consumers. A dearth of major new diamond finds…
Man lost 6 teeth at circumcision ceremony
Thandeka Moyo Court Reporter AN “uncircumcised” Mbembesi man lost six front teeth after attending a circumcision ceremony in violation of the Xhosa cultural tradition that only those that have been…