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WHAT does one make of the bizarre argument between the South African Communist Party's (SACP's) deputy general secretary, Jeremy Cronin, and the African National Congress Youth League's leader, Julius Malema, about nationalisation?
Trial of the sacked managing director of Union Bank Plc, Mr. Bartholomew Ebong slated to begin yesterday was stalled by the absence of the presiding judge, Justice Dan Abutu who was away at Ilorin in Kwara State for the observance of the 2009/2010 legal year celebration.
The Chairman of Unity Kapital Assurance Plc, Mallam Falalu Bello yesterday disclosed that financial report of the company indicated that it made over N518 million Profit After Tax (PAT) in the third quarter of the year, 2009.
Trading on equities quoted on the Nigerian stock Exchange (NSE) yesterday recorded a total trade turnover of 560.34 million shares at N2.03 billion in 5,273 deals. This shows an increase by 49.71 million shares against 510.53 million shares valued at N2.40 billion in 6,392 deals which opened trading.
Pedestrian Kefas Kahona (19) was hit by a car in Independence Avenue in Oshakati on Saturday evening, after a 29-year-old man lost control of his car.
RUNWAY 19, the notorious runway at Eros Airport that was used for take-off in last Sunday's air crash in which three people died, has not been surveyed for safety take-off gradients, an air safety seminar revealed on Friday.
Vice President Goodluck Jonathan yesterday said Nigerians will not depend on generators for their electricity supply by this time next year.
SO NOW we know what Telkom looks like shorn of its high-growth, high-earning cellphone operation, Vodacom: pretty sad. First-half profit is down nearly 40% and despite the fact that this decline was actually better than the forecast range, the market still thumped the share.
WHILE sustainability and environmental responsibility may be challenges for many businesses, the practice of inaccurate, wishful or biased reporting on sustainability still persists.
JSE-listed energy group Oando expected its oil fields Oil Mining Lease 90 and 56 to start production within the next two quarters, the company said yesterday.
MINER First Quantum has agreed to buy base metals explorer Kiwara in a 260m cash and shares deal as it seeks to expand its copper operations in Zambia. The Toronto, Canada- based First Quantum has copper mining interests in Africa, while London-listed Kiwara has a prospecting licence in Zambia.
A CONVOLUTED 21-page report covering Telkom's interim results boils down to one essential fact -- its fortunes are in decline.
SA's biggest private hospital group, Network Healthcare Holdings (Netcare), has seen increased demand for private healthcare despite the global recession, underscoring the healthcare sector's resilience to market conditions.
FRENCH power group Alstom yesterday said that it had signed a 100m contract to supply an instrumentation and control system for Eskom's Medupi power station in Limpopo.
THE Sanlam Investment Management investor confidence indices' November survey shows that the respondents increasingly consider the equity market to be expensive and they expect returns to continue to decline.
CHRISTMAS retail trading in SA will be subdued, judging from continued weak demand for packaging from industries ranging from beverages to food in the six months to September.
FUEL retailer Engen Petroleum yesterday pleaded ignorance to reports Zimbabwean authorities had thwarted its bid to acquire fuel assets in the country.
ALMOST three years have passed since I reviewed Coronation Fund Managers ( Coronat ). The review then appeared in a Forecast Factory column, the predecessor to the Private Investor column
MASS market lender and furniture retailer African Bank's ( Abil 's) annual profit fell 11% as the recession hit consumer spending, forcing it to tighten its lending criteria.
PROPERTY loan stock company Vukile 's distributions for the six months to September increased 6,6% to R138,9m, or 47c per linked unit, but higher electricity and rates and taxes charges had a negative effect on distributable earnings as these charges were not fully recovered from tenants.
ESKOM would know early next year if the World Bank had approved a loan of up to 5bn, the bank said yesterday.
JOHANNESBURG will soon join an elite group of destinations to which the world's largest commercial aircraft, the Airbus A380, will be flown.
THE rand was the strongest emerging-market currency yesterday, gaining as much as 1,75% to R7,46/ after it benefited from a weaker dollar and a gold price that reached new highs.
Rwanda will play host to the Comprehensive African Agricultural Development Program (CAADP) stake holders' meeting slated for December 7-8, 2009.
Tigo, a subsidiary of Millicom International Cellular has started its operations in Rwanda promising to offer the cheapest call tariffs on its per second billing platform, igniting a price war in the industry.
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