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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.
Johannesburg - The rand firmed against the dollar in afternoon trade on Friday ahead of Monday's expected announcement of a Greek deal.
"All eyes will be on Greece on Monday, so this afternoon saw
some short-covering ahead of the weekend," a local dealer said.
At 18:00 local time, the rand was bid at R7.7114 to the dollar
from its previous close of R7.7653. It was bid at R10.1533 to the euro
from R10.1947 before, and at R12.1993 against sterling from R12.2654
previously.
The euro was bid at $1.3163 from its previous close of $1.3127.
Dow Jones Newswires reported that investors in Europe had
welcomed signs that Greece was edging closer to securing a second
bailout.
At a briefing on Thursday, Greek government spokesman Pantelis
Kapsis said Greece expected eurozone finance ministers to approve the
EUR130 billion bailout on Monday.