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Motorists across the country have been warned to drive with care and reduce their speed with the cold and wet weather expected to persist throughout the weekend.
South Africa's internet broadband penetration is at 2 percent below the global average of 22.5 percent, Communications Minister Siphiwe Nyanda said on Thursday.
Oceana, the fishing company with operations in Namibia and South Africa said this week that headline earning per share went up by 18% in the year ended 30 September.
Namibia Dairies and the Namibia Farmworkers' Union (NAFWU) have signed a wage agreement through which workers at the Mariental-based SuperFarm will receive 13th cheques coupled with a productivity bonus and flexible working hours.
As much as the current debate concerns inflation or deflation, a similar debate is slowly emerging around interest rates.
Kraatz Marine has terminated the agreement it has signed with Max Planck Institute (MPI) to build and erect the largest telescope in Namibia called HESS. Kraatz Marine is part of the Ohlthaver and List Group of Companies, saying MPI has breached the contract.
Reserve Bank governor Gill Marcus has nailed her colours firmly to the mast of non intervention in the currency market and refraining from support to keep the rand at a particular level .
ESKOM has stalled its Kusile power station for a few months, holding off on placing any more contracts until it knows what electricity price increases the National Energy Regulator of SA (Nersa) will decide on early next year.
IT NEVER rains but it pours for junior miner Simmer & Jack management, which has its hands full putting out fires on many fronts. If it is not worrying about the company's falling share price, management is dealing with its "troublesome" empowerment partner, Vulisango. If not that, then it is worrying about its profit margins.
AIRLINES using Acsa's new King Shaka Airport, north of Durban, will have to fork out millions more than they are paying for fuel at Durban International Airport.
JUNIOR gold miner Simmer & Jack yesterday posted a R65m operating loss for the six months to September, mainly due to mounting operating cash costs.
VOLKSWAGEN (VW) SA said yesterday it planned to export 55000 new-generation Polos next year to destinations such as the US, Ireland and Malaysia from its flagship plant in the Eastern Cape.
CLOTHING group Edcon yesterday became the latest retailer to say that new cellphone regulations were hurting sales.
SHARES in technology company Spescom surged 5,77% yesterday to 55c, after it reported headline earnings per share of 12,7c for the year to September -- a rise of 24,5% from the previous year.
JSE-listed Rainbow Chicken , supplier of birds to fast-food chains KFC and Nando's, yesterday warned of lower profit levels to come, even as it reported higher chicken sales.
BREWING giant SAB said yesterday that it had lost market share in the past six months to Heineken, which started producing locally for the first time.
STANDARD Bank yesterday announced two major appointments to head its SA and international corporate and investment banking activities, to further its growth strategy. Kennedy Bungane was appointed the unit's SA CE . He takes over from David Munro, who has been appointed the global head of investment banking. Standard Bank operates in 32 countries. Munro will remain in SA.
INDUSTRIAL engineering company PSV Holdings experienced tough trading conditions for the six months ended August, with the strengthening of the rand and high cost of debt reducing profit after tax.
ILLOVO Sugar capitalised on a soaring world sugar price to post a 13% year-on-year rise in revenue to R4,25bn for the six months to September. Operating profit was up 35% to R1,24bn, helped by a major expansion of Illovo's Zambian operations as well as increased production and strong sales in Tanzania.
INVESTMENT bank Investec 's adjusted earnings per share fell 8,7% to 24p in the six months to September 30, "but we'll make it up", when economic conditions improve, said CEO Stephen Koseff.
Chief Executive Officer (CEO) of South Africa's Armaments Corporation of South Africa (Armscor) Hamilton Thomo has been suspended pending an investigation of disciplinary charges, the company's board announced on Thursday.
ZESA Holdings has said the increased load shedding being experienced in the country is due to reduced electricity imports, low generation capacity and heightened vandalism that have left many areas without power.
FINSERVE, the staff investment vehicle at ZB Financial Holdings beneficiaries will meet tomorrow in a crucial meeting to discuss the distribution of share certificates, in ZB Financial Holdings.
Zimbabwe's economy is set for turnaround following the huge investment package - worth US$8 billion -- unveiled by a Chinese-Angolan joint venture company, China Sonangol.
THE Union Bank of Switzerland is eyeing a three percent stake in Zimbabwe-oriented London-listed conglomerate LonZim Plc, reflecting growing investor confidence from the West in the local economy.
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