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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.
London - Energy giant Royal Dutch Shell said on Thursday that its 2011 net profit jumped by 54% to $30.92bn on the back of higher energy prices.
Fourth-quarter profit decreased however by 4% to $6.5bn, the group added in a results statement.
"I am pleased with our delivery in 2011, focusing on improving our operating performance and ramping up our growth projects," said chief executive Peter Voser in the earnings release.
He added: "Our fourth quarter results were impacted by a sharp downturn in industry refining margins and North American natural gas prices.
"The global economy and energy markets are likely to see continued high volatility."