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  • ‘SARB would not hesitate to act against inflation’

    05 December 2013 11:25 AM 34

    December 5 2013 at 12:17pm By Reuters Johannesburg - South Africa's Reserve Bank would not hesitate to act if the medium-term inflation outlook were to worsen, deputy Governor Daniel Mminele said on Wednesday. The central bank has kept interest rates at four-decade lows since last cutting them in July last year, as it balances the need to help the weak economy

  • Standard Bank sells 2% of Discovery

    05 December 2013 11:01 AM 47

    December 5 2013 at 10:33am Johannesburg - Standard Bank Group Ltd., Africa’s largest lender, said it’s selling shares in Discovery Holdings Ltd. worth 1.15 billion rand ($110 million), or about 2 percent of the company, for a client. “They are going at a discount,” Jhulan Vallabh, part of Standard Bank’s equity capital markets team, said in a phone interview

  • Cabinet moves on digital TV

    05 December 2013 10:02 AM 40

    Acting government spokesman Phumla Williams has said the use of a control system was not mandatory. We know that as a prospective advertiser, you are spoilt for choice. Our job is to demonstrate why TechCentral delivers the best return for your advertising spend. TechCentral is South Africa’s online technology news leader. We don’t say that lightly

  • iTunes comes to FNB app

    05 December 2013 8:56 AM 30

    We know that as a prospective advertiser, you are spoilt for choice. Our job is to demonstrate why TechCentral delivers the best return for your advertising spend. TechCentral is South Africa’s online technology news leader. We don’t say that lightly. We believe we produce the country’s best and most insightful online tech news aimed at industry professionals

  • Telkom appoints new CPO

    05 December 2013 8:15 AM 30

    South African part state-owned operator Telkom has appointed Ian Russell as chief procurement officer (CPO), in the latest in a long line of top level appointments intended to revitalise the ailing part state-owned company. “This appointment takes us a step closer to completing the renewal of the top leadership team. Ian’s arrival will further bolster

  • Medupi faces further building delays

    05 December 2013 6:01 AM 24

    December 5 2013 at 07:45am By Donwald Pressly Johannesburg - Eskom is poised to dump the controversial contract given to French multinational Alstom for managing the computer program “brain” that will manage the six boilers at the Medupi coal-fired power plant. This threatens to further delay the project, the first stage of which is supposed to come on stream

  • Rand seen firmer in a year

    04 December 2013 5:27 PM 80

    December 4 2013 at 04:04pm By Reuters Johannesburg - South Africa's rand will firm a bit against the dollar towards the end of next year, then face turbulence before the US Federal Reserve starts cutting back its monetary stimulus, a Reuters poll found on Wednesday. The survey of 30 currency strategists and analysts conducted this week predicted the rand would

  • Phakamani Hadebe steps down as land bank CEO

    04 December 2013 12:41 PM 36

    Phakamani Hadebe has stepped down as Land Bank CEO, the bank said in a statement on Thursday. Hadebe's term of office ended on Tuesday, and the bank's chief risk officer Lindiwe Mdlalose would act in the role in the interim, the Land Bank said. Its board, in consultation with Finance Minister Pravin Gordhan, was working to finalise the appointment of a new CEO. This process

  • Tax incentive for energy efficiency

    04 December 2013 11:03 AM 49

    December 4 2013 at 01:01pm By SAPA Johannesburg - Tax incentives are being introduced for businesses that can show measurable energy savings, the energy department said on Wednesday. Businesses would have to register with the SA National Energy Development Institute (Sanedi) to qualify for the tax cuts, director general Nelisiwe Magubane said in Johannesburg

  • SA may delay nuclear power projects

    04 December 2013 10:34 AM 57

    South Africa may delay the construction of more nuclear power plants and focus instead on coal, hydro and gas as alternative energy sources, the Department of Energy said in its latest energy plan report. The assessment casts doubt on plans by South Africa, which has the only nuclear plant on the continent, to build six new nuclear power plants providing