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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 - The Dow Jones industrial average is closing with its biggest gain in nearly two weeks.
Investors were picking up beaten-down stocks on Tuesday after fears that the US would slip into a recession pounded the market over the last month.
The Dow rose 322 points, or 3%, to close at 11 177. That's its best day since it jumped 423 points August 11. It dipped about 60 points shortly after the quake hit the East Coast in the early afternoon, but recovered within minutes.
The S&P 500 index rose 39 points, or 3.4%, to 1 162. The Nasdaq rose 101 points, or 4.3%, to 2 446.
Five stocks rose for every one that fell on the New York Stock Exchange. Trading volume was higher than average at 5.2 billion shares.