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Feb 13 2012 12:15
Miner Xstrata says it has brought forward maintenance on two furnaces to assist Eskom to save power.
Feb 13 2012 10:43
Although jobs were created, the economy is still 420 000 jobs short of the peak employment level before the 2009 global financial crisis, says Adcorp.
Feb 13 2012 07:58
Greek lawmakers have approved a new round of drastic austerity measures after a long day of street battles between police and protesters left dozens injured.
Johannesburg - A report on anti-competitive behaviour by SA's four major banks will have "serious implications" for the sector, the Competition Commission said.
"The sheer volume of information received has enabled us to analyse the anti-competitive outcomes we have noted. Our findings will have serious implications for the sector," the head of the inquiry Thabani Jali said in a statement issued on Thursday.
The release of the report would be delayed as the commission was taking time to make sure it was "thorough and well-considered".
Submissions being received from relevant government departments required "similarly thoughtful attention".
Public hearings on banking fees last year covered ATM charges, interchange and payment cards, access and inter-operability and market power and pricing.
The commission initiated the enquiry in response to "growing public and governmental disquiet" that was sparked by an earlier report entitled "The National Payment System and Competition in the Banking Sector".
- Sapa