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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 - US stocks closed higher on Monday after the Greek parliament's approval of tough austerity measures paved the way for a new financial rescue of the country.
At the closing bell the Dow Jones Industrial Average was up 72.81 points at 12 874.04.
The broad-based S&P 500 added 9.13 points to 1 351.77, while the Nasdaq Composite gained 27.51 to 2 931.39.
After last week's stall in Athens talks sent stocks tumbling, the Greek parliament's agreeing to radical budget cuts late Sunday appeared to open the way for the €130bn EU bailout package to go through later this week, avoiding a default.
"This means that European finance ministers should on Wednesday approve new funding for Greece, ahead of the next €14bn bond redemption on March 20," equities analyst Conall Mac Coille at Davy Stockbrokers.