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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.
London - Europe's main stock markets rallied Wednesday, as investors digested better-than-expected results from US computer chip giant Intel, dealers said.
In opening trade, London's FTSE 100 index of top shares adding 0.75 percent to reach 5 192.93 points.
Frankfurt's DAX 30 won 0.74% to reach 5 756.69 points and in Paris the CAC 40 climbed 1.19% to stand at 3 846.63 points.
Intel shares had soared in after-hours US trading on Tuesday after the world's biggest computer chipmaker delivered earnings that beat estimates and an upbeat forecast for the remainder of the year.
The US company said net profit fell 5% in the third quarter compared with the same period last year to $1.9bn, or 33c per share, which was better than the 28c expected by Wall Street analysts.
European equities dropped on Tuesday as investors cashed in profits from peaks reached a day earlier and cautiously awaited major earnings reports from the United States, traders said.
Earlier on Wednesday, Tokyo's benchmark Nikkei-225 index closed down 0.16% at 10 060.21 points as investors took profits after five straight daily gains, with a firmer yen weighing on exporters.
Wall Street limped to a mixed finish on Tuesday as jitters about the upcoming wave of corporate earnings offset the positive impact of a big acquisition in the tech sector.
- AFP