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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 - Africa's biggest fixed-line phone operator Telkom will make an announcement about the sale of part of its stake in pay-TV division Telkom Media by the end of this month, the company said on Monday.
Telkom which has a 66% stake in Telkom Media, had said in June it was in the process of selling its stake and had identified a potential investor to buy a substantial portion of it.
Telkom had hoped launching a pay-TV service would help it offset falling revenue at its core fixed-line business, but has failed to get the project off the ground.
A local newspaper said in August Africa's state pension administrator, PIC, had emerged as the frontrunner to acquire a stake in Telkom Media.
- Reuters