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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 a tad against the greenback in midday trade on Tuesday as it continued to track the euro amid news that South Africa has exited the recession, according to the latest data from Stats SA.
At 11:54 the rand was bid at R7.4859 to the dollar from R7.4980 at its previous close. It was bid at R11.1810 to the euro from its previous close of R11.2029 and was at R12.3560 against sterling from R12.4473.
The euro was bid at $1.4935 from $1.4959 overnight.
South Africa's real gross domestic product (GDP) at market prices on a quarter-on-quarter (q/q) seasonally adjusted annualised (saa) basis rose by 0.9% in the third quarter of 2009 from a revised -7.4% (?6.4%) in the first and
a revised -2.8% (?3.0%) in the second quarter, Statistics South Africa (Stats SA) data showed on Tuesday.
A local trader said: "We moved a fraction on the GDP figure, a cent or two, but historically GDP results do not have a major bearing on the rand. We continue to track the euro."
- I-Net Bridge