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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 27 2012 11:05
As far as repayments on home loans are concerned, South Africans are in a much more favourable position than their foreign peers.
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.
Johannesburg - Telkom said on Monday that it will continue to act "in accordance with its legal obligations" regarding the sale of its shares in mobile operator Vodacom to Britain's Vodafone.
At 13:12pm Vodacom was trading at 5 921c on the JSE, with Telkom giving up 5 600c, or 49.56%, to 5 700c.
Telkom also said May 22 will be the last trading day to participate in the special divided. This dividend will be paid on June 1.
The group warned, however, that Cosatu's application on May 5, whereby the trade federation challenged the Independent Communications Authority of South Africa's (Icasa) original decision that Vodacom did not require Icasa's approval for the transaction, is still pending.
Sunday's High Court verdict that gave Vodacom the go-ahead for its listing on Monday has no bearing on Cosatu's earlier application.
Telkom will oppose the application.
- I-Net Bridge