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Feb 12 2012 15:59
Moral hazard, financial weapons of mass destruction, a huge mess - these were the words used by a founder member to sum up the collapse of the Pinnacle Point Group.
Feb 12 2012 15:58
Construction companies are now undertaking a second round of self-examination into uncompetitive behaviour.
Feb 12 2012 14:54
American billionaire George Soros has slammed German Chancellor Angela Merkel, warning that her policies could lead to a repeat of the Great Depression.
Johannesburg - South African power utility Eskom will borrow up to R150bn from local and international markets for capital expansion, the group said on Thursday.
Eskom said it has budgeted R46bn in the 2008/9 financial year for capital expansion.
Eskom is battling to meet demand in Africa's biggest economy, and suffered a near-collapse of the electricity grid in January, shutting the country's gold and platinum mines for five days as the power crisis worsened, sending metal prices soaring.
- Reuters