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  • SA runs out of options to spur growth

    21 November 2013 1:25 PM 114

    November 21 2013 at 10:17am Johannesburg - The South African Reserve Bank is running out of options to stimulate a sluggish economy as a weaker rand this year keeps pressure on inflation. The Monetary Policy Committee, led by Governor Gill Marcus, will probably keep the benchmark interest rate unchanged at 5 percent today, according to all 22 economists

  • Collapsed mall built illegally

    21 November 2013 10:27 AM 161

    Property developer and well-connected millionaire, Jay Singh, started construction of the doomed 16000m² multi storey mall in the middle of Tongaat, KwaZulu-Natal, without permission. Without approved building plans or an environmental impact assessment to rezone the residential area, the building, which is less than 5m from a railway line, sprang up within

  • Cape farming group loses millions due to storm

    21 November 2013 6:00 AM 122

    Thursday 21 November 2013 06:13 A major farming group, the Du Toit group at Ceres in the Boland, Western Cape, has estimated its loss of income after last Friday's hail storm at R70 million. Marketing manager, Pieter du Toit, says the damage to their apple and pear orchards is so extensive that no new contracts for seasonal workers will be signed

  • Tongaat builders ignored orders to stop

    21 November 2013 5:49 AM 137

    November 20 2013 at 01:34pm By Daily News Reporters Durban - The developers of the collapsed mall in oThongathi (Tongaat) had been given at least three warnings to stop building at the site, it was revealed on Wednesday. It is not clear how many people may still be trapped under piles of twisted steel and slabs of concrete at the collapsed mall, where

  • Woolworths climbs to highest in two weeks

    21 November 2013 5:43 AM 112

    November 20 2013 at 12:52pm Johannesburg - Woolworths Holdings Ltd., a South African food and clothing retailer, rose in Johannesburg after saying growth in food sales accelerated from a year earlier. The stock advanced as much as 3.2 percent to 74.50 rand, the highest intraday price since November 6, and traded 2.1 percent higher at 73.70 rand as of 11:43 a.m. in Johannesburg

  • Cleanest diesel is here - Sasol

    21 November 2013 5:39 AM 191

    November 21 2013 at 08:00am By Londiwe Buthelezi Johannesburg - Sasol has launched the cleanest diesel available in South Africa, with ultra-low sulphur (ULS) content of 10 parts per million (ppm), but consumers may have to dig deep if fuel retailers sell it at a premium. Mohamed Carrim, the retail manager at Sasol Oil, said although the cost of the fuel, dubbed

  • Internet could add $300 billion to African economies by 2025: study

    21 November 2013 4:18 AM 122

    JOHANNESBURG (Reuters) - Africans spending time on the Internet could add $300 billion to the continent's economy by 2025, a new study by consulting firm McKinsey & Co showed on Wednesday. Only 16 percent of the one billion people in Africa are on the Internet, McKinsey estimates. The sector could grow to at least 5 to 6 percent of GDP (gross domestic

  • Showing off the hardware - Crime & Courts

    20 November 2013 1:33 PM 131

    Johannesburg - If you’re caught carrying drugs by a sniffer dog, expect to be roughed up a bit. They’re allowed a bit of latitude to scratch and ram their noses through bags or rip your car to shreds. But if you’re carrying a bomb, they’ll just sit quietly. It’s a more passive approach, says Mechem ethologist Hannes Grobbelaar. The dogs stole the show on Tuesday

  • Higher Municipal rates deter SA’s Commercial Property upturn

    19 November 2013 11:41 PM 146

    The continued rise of municipal rates in the South African Commercial Property sector is worrying property service companies, as it is exerting strain on business and the economy. Briefing SA Commercial Prop News on Tuesday, the South African Property Owners Association (SAPOA) questioned the legality of increased municipal rates charged to its members