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IOL Business Report

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Business Report
Updated: 28 weeks 1 day ago

First-half earnings a share fall at MTN

Wed, 08/26/2009 - 06:00
MTN's first-half adjusted earnings a share excluding one-time items fell by between 8.6 percent and 13.6 percent, the cellular operator said yesterday.

Eskom's solar heater plan slowly gains momentum

Wed, 08/26/2009 - 04:00
Eskom subsidised 1 520 solar water heaters in the first half of this year - nearly double last year's rate but still far too few to meet a target of installing 925 000 solar geysers by 2013.

Bernanke gets full vote of confidence from Obama

Wed, 08/26/2009 - 04:00
US Federal Reserve chairman Ben Bernanke has been nominated to a second term by President Barack Obama.

BHP Billiton faces strike this week

Wed, 08/26/2009 - 04:00
Members of the National Union of Metalworkers of SA at BHP Billiton might strike, as the union has failed to agree on wages.

Yahoo acquires Arabic Web firm

Wed, 08/26/2009 - 04:00
Yahoo has agreed to buy Arabic language Internet venture Maktoob.com.

Climate change threatens farmers

Mon, 08/24/2009 - 06:00
Farmers in poor nations have the most to lose as Earth gets warmer, highlighting the need for drought-resistant seeds and more effective irrigation.

CIC listing moves to main JSE board

Mon, 08/24/2009 - 04:00
The listing of CIC, which operates in the fast moving consumer goods market, had been transferred from the JSE's AltX board to the main bourse effective from Monday.

Fierce competition set to widen loss

Mon, 08/24/2009 - 04:00
Amalgamated Appliance expected its headline loss a share from continuing operations to increase by between 450 percent and 470 percent for the year.

Imperial to take control of Midas

Mon, 08/24/2009 - 04:00
Imperial Holdings, the listed transport and mobility group, intends to acquire a majority shareholding in Midas through the purchase of a further 50-percent stake in the distributor of automotive parts.

OneLogix to sell off subsidiary

Mon, 08/24/2009 - 04:00
OneLogix is planning to sell 51 percent in subsidiary 4Logix to Peet Cronje, 4Logix's executive director.

Porsche raided

Fri, 08/21/2009 - 12:20
German prosecutors raided the headquarters of luxury carmaker Porsche and seized documents in an insider trading investigation.

Glimmer of hope for retrenched

Fri, 08/21/2009 - 11:00
Workers facing retrenchment will be able to sign up for training and earn a basic wage from as early as September.

End in sight for SA recession?

Fri, 08/21/2009 - 10:07
Major world economies are pulling themselves out of recession, but regional powerhouse South Africa is lagging behind the global recovery.

Getting tough on mines

Fri, 08/21/2009 - 10:06
Mining companies could soon be faced with hefty fines if they are found to have not complied with the law in the safe-keeping of explosives used underground.

R206.4m SA bonds bought

Fri, 08/21/2009 - 10:04
Foreigners were net buyers of R206.382m worth of South African bonds.

JSE enjoys lowest weekly level of 'fear'

Fri, 08/07/2009 - 19:16
After closing 2008 at an index level of 43.02, the South African Volatility Index has seen a gradual improvement to less fearful levels, with the index last at 24.51.

Billions wasted in Gateway housing project

Fri, 08/07/2009 - 05:00
The Department of Housing has come under fire on the N2 Gateway programme for failing to ensure that social housing legislation was implemented ahead of beginning the massive housing project.

Small firm scores against Rooibos

Fri, 08/07/2009 - 05:00
It's a story of the teapot bashing the kettle as small tea maker Coetzee & Coetzee records a victory against Rooibos before the Competition Tribunal.

Eskom workers to march as strike looms

Fri, 08/07/2009 - 05:00
Workers are set to march to press Eskom for better wages.

Fannie Mae suffers massive loss

Fri, 08/07/2009 - 04:01
The US mortgage firm Fannie Mae has asked the Treasury for extra aid after suffering a massive loss in the second quarter.