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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 - A weaker dollar and an unexpectedly large drop in US supplies of gasoline and other fuels are boosting oil to its highest level in nearly two weeks.
Benchmark West Texas Intermediate crude for September delivery gained $2.01, or 2.3%, at $88.66 per barrel in morning trading on the New York Mercantile Exchange.
Brent crude, which is used to price many international oil varieties, added $2.25 to $111.38 per barrel on the ICE Futures exchange in London.
Crude jumped following a report late Tuesday by the American Petroleum Institute that gasoline and distillate fuel supplies dropped more than expected. API also said that oil supplies unexpectedly rose.
The Energy Information Administration will release official supply statistics later Wednesday.