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May 24 2012 17:31
The Reserve Bank will maintain current interest rates, and a considerable reduction in the local petrol price is anticipated, says governor Gill Marcus.
May 25 2012 13:58
The costs of the first phase of the Gauteng Freeway Improvement Project have increased significantly to almost R90bn, according to a report.
May 25 2012 11:36
The JSE has identified and stopped "incorrect" trades from one of its members, and will reverse the trades and lower the session's total value after the close.
Johannesburg - South Africa's Richards Bay Coal Terminal (RBCT) can export coal for now despite an ongoing transport strike in the country, its chief executive Raymond Chirwa said.
"We have not been affected. We are ok for now," Chirwa told Reuters, but declined to disclose for how long coal stockpiles at the port would last if the strike continued beyond this week.
A union at logistics group Transnet , which represents 39% of the company's 54 000 workers, rejected a revised pay deal, meaning the strike was likely to continue.
Members of a second and bigger union at Transnet accepted the deal, and could return to work on Monday.
- Reuters