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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.
Cape Town - Two families in South Africa made it in the top 200 of Forbes magazine's list of richest people in the world.
According to Forbes magazine's 2007 rankings of the world's richest people, the 61-year-old Nicky Oppenheimer and his family clinched the 158th spot with a net worth of $5bn (R36.9bn), while Johann Rupert, 56, and his family claimed spot 194. They are worth $4.3bn (R31.7bn).
The Oppenheimers are also the eighth richest in the Middle East & Africa region, with the Ruperts not far behind at number 13. Forbes magazine listed 62 billionaires with a combined net worth of $188.1bn in the region.
Prince Alwaleed Bin Talal Alsaud of Saudi Arabia is the richest in the region and also 13th in the world, with a net worth of $20.3bn.
Forbes magazine said in a statement late on Thursday that the tally of billionaires around the globe reached a high of 946, their combined wealth growing 35% to $3.5 trillion.
The rich cashed in on strong equity markets, real estate and commodity prices worldwide, according to Forbes billionaires co-editor Luisa Kroll.
Leading the list are two men who manage to keep getting richer as they give more and more money away, reports AP.
Microsoft founder Bill Gates ranked No 1 for the 13th straight year, beating out friend and fellow philanthropist Warren Buffett, chairperson of Berkshire Hathaway.
Gates? fortune rose $6bn to $56bn last year, while Buffett garnered in an additional $10bn to boost his net worth to $52bn.