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May 27 2012 11:21
There's a price war raging between South Africa's cellphone networks after Cell C lowered the rates of its prepaid calls by more than 34%.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
May 27 2012 11:49
The country's 200 000-odd Tupperware agents are angry about the counterfeit products being sold as the real McCoy.
Cape Town - South Africa's sovereign rating, revised upwards
to stable from negative in January, could improve further over the long term, a
senior Fitch official said on Monday.
"South Africa is currently on a positive outlook and
we're very happy with it," Roland Cooper, Africa director, told Reuters.
"I don't see any changes that are imminent but over a
long period of time there is a possibility that the rating could improve,"
he said.
Cooper said South Africa is doing well on its balance of
payments, despite a reversal in the last month, and has potential to grow
further.
The Treasury in February cut its economic growth forecast
for 2011 to 3.4% from 3.5% projected last October, as it also forecast a
larger-than-expected budget deficit.