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May 21 2012 17:30
Mark Zuckerberg's fortune dwindled by nearly $2bn to $18.7bn within minutes as trading began again in Facebook shares – which promptly plunged by nearly $5.
May 22 2012 12:20
Power utility Eskom is concerned about meeting peak power demand as winter sets in although the situation should improve by mid-June, says CEO Brian Dames.
May 21 2012 18:36
The announcement of 19 successful bidders for the second phase of the renewable energy independent power producers' programme has received industry approval.
Johannesburg - Absenteeism in the workplace could be costing the South African economy as much as R12bn a year, according to the South African Chamber of Business (Sacob).
"While it is difficult to obtain satisfactory statistics on this phenomenon, there appears to be evidence pointing towards an increase in the incidence of sick leave so far this year.
"It is possible that the recent industrial action that has been associated with violence may have contributed to some measure of absenteeism," the chamber said.
"Of course, the failure to move commemorative holidays to either the Monday or the Friday closest to the weekend continues to serve as an inducement to absenteeism," it added.