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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 - South African paper maker Mondi will enter the Johannesburg JSE's blue chip Top 40 on Friday, replacing fixed-line phone group Telkom, index compiler JSE Limited said on Tuesday.
Telkom will be demoted to the mid-cap stocks, having lost a major part of its valuation after selling and spinning off its stake in wireless phone group Vodacom Group, its main earnings driver.
Mondi, which also trades in London, appears to be moving out of the slump after forecasting an improvement in volumes and said cost cuts had left poised to perform well in the year ahead.
- Reuters