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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 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.
Washington - The United States is bracing for more bad news on jobs.
In advance of Friday's employment snapshot from the US Labor Department, economists were predicting that employers cut jobs yet again in April. That would mark the fourth straight month of job losses. The unemployment rate, now at 5.1%, is expected to edge up a notch.
Businesses are laying off more and more people as they cope with an economy that is teetering on the edge of a recession, or possibly in one already.
A severe housing slump, harder-to-get credit and financial turmoil have forced people and businesses to be more cautious in their spending. And that has hurt the economy.
The US economy grew at a feeble 0.6% pace in the first three months of this year. A growing number of analysts believe the economy is shrinking now, one of the signals of recession.
- Sapa-AP