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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 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 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.
London - Mining group Anglo American Plc sold 10.4m shares in South Africa's AngloGold Ashanti, further trimming its stake and raising about $280m, the company said on Wednesday.
Anglo, the world's fourth-biggest diversified mining group by market value, cut its stake in AngloGold to 13.3% from 16.3%, spokesman James Wyatt-Tilby told Reuters.
Anglo has said it eventually plans to dispose of the remaining stake in AngloGold, the world's third-biggest gold company by production, to better focus on its core businesses of base metals, iron ore and platinum.
Before it began reducing its stake in 2006, Anglo held a majority stake in AngloGold.
- Reuters