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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 28 2012 07:53
The City of Cape Town has spent R175m running the Myciti bus service since the Soccer World Cup compared to an income of R35m, a report says.
May 27 2012 13:09
The oversupply of golf estates has claimed another victim.
London - British oil company BP said on Thursday it has discovered oil in an ultra-deepwater exploration site off the coast of Angola, and it expects the well to yield over 5 000 barrels a day.
The Tebe well was drilled in water almost two kilometres deep, and is the 19th oil discovery at the site, BP and Sociedade Nacional de Combustiveis de Angola (Sonangol) said in a statement.
BP owns 27% of the exploration site, which it also operates.
- Reuters