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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 – The Lightstone national house price index has continued its rising inflation path, reaching 7.7% in February 2010, up from a year-on-year (y/y) inflation rate of 6.9% in January and 6.0% in December, it showed on Tuesday.
The lower inflation rate environment may be starting to feed through, but coastal properties have provided something of a drag after registering just 5.3% growth.
Johannesburg properties showed the highest growth at 9.2%, but Nelson Mandela Bay struggled at 2% from 4.1% before.
Affordable houses lifted 14.3% from 10.9% before, while mid-segment homes grew 9.1% from 8.3% before. Luxury homes remained steady at 7.6%.
The index uses advanced statistical methods that include data from the deeds office and the surveyor general.
- I-Net Bridge