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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 - International infrastructure
groups have approached British Airports Authority (BAA) with
offers to buy London's Gatwick airport for up to £3bn, the Sunday Times reported without citing sources.
A BAA spokesperson declined to comment.
Germany's Hochtief, Global Infrastructure Partners, the
GE-Credit Suisse investment fund, Australia's Macquarie and
Britain's Manchester Airport Group have all indicated their
interest to Ferrovial-owned BAA ahead of the Competition
Commission's report expected this week, the paper said.
The competition watchdog is expected to say that the group's
ownership of London's three largest airports - Heathrow,
Gatwick and Stansted - is against the public interest and
experts believe it could be asked to sell two of the London hubs
and one of its largest Scottish airports, it added.
BAA chairperson Nigel Rudd told the BBC on Saturday that he
expects the Competition Commission to recommend the breakup of
the airport operator, adding that would not be a financial
disaster.