R/€ = 14.72 Change: 0.00
R/$ = 11.98 Change: 0.00
Au 1314.11 $/oz Change: -3.86
Pt 948.00 $/oz Change: -8.60


WTO chief sees June turning point for trade deal

23rd May 2008 Negotiations for a global trade deal are likely to reach a breakthrough in June before being concluded before the end of the year, the head of the World Trade Organisation said in an interview published on Friday. "I would say June is more likely for an agreement over several essential... 

Zambia still on course for $415m mine tax target

22nd May 2008 Zambia is on course to collect a projected $415-million from new mining taxes in 2008 following compliance by mining companies, a senior tax official said on Thursday, contradicting a top treasury official. The new tax regime, which came into effect on April 1, increased mineral royalty to 3%... 

Rand moves linked to dollar - Manuel

21st May 2008 Movements in the rand currency are more likely to be linked to volatility of the US dollar than other factors, such as recent attacks on migrant workers, South African Finance Minister Trevor Manuel said on Wednesday. "I think that we're living through a period now where there is a lot... 

Oil hits record above $132, US fuel stocks fall

21st May 2008 Oil prices surged more than $3 to a record above $132 a barrel on Wednesday after US data revealed a sharp drop in fuel inventories. US crude was trading $2,82 a barrel higher at $131,80 by 15:04 GMT, just off a new high of $132,08. London Brent gained $3,56 to $131,40.  

SA industrial drive hit by high steel prices

21st May 2008 South Africa's manufacturing sector remains "resilient" amid global pressures, but the price of carbon steel is holding back the country's industrial drive, a senior government official said on Tuesday. "One of the constraints that we've raised with respect to our... 

Interwaste appoints new FD

20th May 2008 ltX-listed waste management company Interwaste Holdings on Tuesday said it had appointed of Ivan John as the company’s financial director with immediate effect. Neels Venter, the previous FD would resign from the Interwaste board and would remain the FD of Enviro-Fill an Interwaste... 

SA wants higher carbon tariffs by 2050

20th May 2008 South Africa wants to significantly increase tariffs on carbon use by 2050 as it strives to reduce harmful emissions, a government minister said on Tuesday. South Africa, which relies primarily on carbon-belching coal-fired power stations to generate electricity, is the continent's leading... 

Oil leaps to new record above $129

20th May 2008 Oil rose to a new record above $129 a barrel on Tuesday, spurred by strength in refined oil products markets, led by diesel, and a weak dollar. US light crude's June contract, due to expire later on Tuesday, rose to an all-time high of $129,31 a barrel and by 13:24 GMT was trading was $1,85... 

Manuel defends inflation targeting

20th May 2008 South Africa's Finance Minister on Tuesday defended inflation targeting as an economic management tool and hinted the government was still comfortable with a 3% to 6% target range for the main CPIX gauge. "I think we would be on the same page with the central bank in saying that ...... 

SingTel, Bharti to form new unit for MTN buy - paper

20th May 2008 India's Bharti Airtel and partner Singapore Telecommunications (SingTel) plan to set up a separate company for the acquisition of South Africa's MTN Group, the Business Standard paper said on Tuesday, citing unnamed sources. The special purpose vehicle (SPV) will raise funds, including... 


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