The Congress of the People (Cope) formally introduced its presidential candidate, Dr Mvume Dandala, to the media at Emperors Palace in Ekurhuleni on Monday. Read the full article in the Mail & Guardian
Kagiso Media’s headline earnings increased by 20% to R106,3-million, the black-owned and managed media company said on Monday.Read the full story in the Mail & Guardian
The world’s largest diamond group, De Beers, said its three shareholders have agreed to loan the company $500 million to help it weather the economic downturn, following muted sales in 2008 (Reuters).
AngloGold Ashanti , the world’s No. 3 gold producer, has agreed to sell a mine in South Africa to smaller rival Simmer & Jack Ltd. (Simmers) in a bid to beef up its balance sheet (Reuters).
Africa’s biggest supermarket group Shoprite posted profit at the top end of its forecast as cheaper products helped it win market share, but warned of slower growth as the global crisis bites (Reuters).
LAND Systems SA yesterday unveiled its new version of SA’s most successful mine-protected vehicle for export. The latest version of the company’s acclaimed RG series of mine-resistant personnel carrier vehicles — the RG31 Mk6E — made its international debut at the IDEX exhibition of modern defence weaponry and technology in Abu Dhabi in the United Arab Emirates (UAE) (Business Day).