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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 25 2012 19:13
Uncertainty over the future of the euro zone returned to push the rand down against the dollar.
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.
Addis Ababa - Heineken NV, the world's third-largest brewer, has won a bid to purchase two state-run breweries in Ethiopia for $163.3m, an Ethiopian official said on Tuesday.
"Heineken's bid was successful. They will receive an official letter of confirmation either today or tomorrow," Wondafrash Asefa, spokesperson for the Privatisation and Public Enterprise Supervising Agency, told Reuters.
The giant brewer said in March it had bid $85.2m for Bedele and $78.1m for the Harar brewery and was optimistic given its bids were the highest.