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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.
New York - Oil prices are climbing after two new reports offered some positive news about jobs.
Benchmark oil for August delivery gained $1.77 at $98.42 per barrel Thursday morning on the New York Mercantile Exchange. In London Brent crude rose $2.78 to $116.40 per barrel on the ICE Futures exchange.
The Labor Department says applications for unemployment benefits dropped last week to the lowest level in seven weeks. And payroll processor ADP says the private sector added 157 000 jobs last month, more than double what economists forecast.
The government's weekly report on oil supplies and demand comes out later Thursday.