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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.
Tokyo - Japanese stocks fell on Tuesday as the yen's rise hurt market sentiment and as investors sold shares to lock in immediate profits after recent gains.
The benchmark Nikkei 225 Stock Average lost 81.67 points, or 0.92%, to close at 8 762.31 after rising 1.9% Monday.
The broader-based Topix index was down 7.74 points, or 1.02%, at 747.7.
The yen's strength weighed on traders as the Japanese currency was standing in the lower ¥76 range to the dollar.
On Friday in New York, the yen rose against the dollar, briefly hitting a record high of ¥75.78 to the greenback. A strong yen makes Japanese goods more expensive overseas and erodes repatriated earnings.
On currency markets at 3 pm (0600 GMT), the dollar traded at ¥76.07-08, down from Monday's 17:00 quote of ¥76.22-24.
The euro traded at $1.3898-3900, up from ¥1.3888-3889 on Monday, and at ¥105.72-76, down from ¥105.88-91.