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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 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 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.
Harare - Zimbabwe's black empowerment minister says he is ordering the
withdrawal of the mining rights for the country's biggest platinum producer.
Saviour
Kasukuwere said on Wednesday the South African-controlled Zimplats company failed
to comply with an August 31 deadline requiring foreign businesses to say how they
propose to yield a 51% stockholding to black Zimbabweans.
He says the
Zimplats licence will be revoked in coming days, making it the first major
mining enterprise to be suspended under the nation's "indigenisation"
laws critics say scare off much-needed investment in the troubled economy.
Zimbabwe
and South Africa are the world's largest suppliers of platinum, a corrosion-resistant metal with a wide range of industrial uses that is priced higher than
gold.