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 | PRETORIA: The New Development Bank (NDB), which was recently formed by the BRICS countries, is set to mobilise infrastructure resources for developmental projects for the African continent. Read more >>
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 | PRETORIA: Economic growth in sub-Saharan Africa is expected to exceed 6% by the end of 2014, with Africa's share of global foreign investment rising, says Finance Minister Nhlanhla Nene. Read more >>
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 | The Pension Funds Adjudicator, Muvhango Lukhaimane, has dismissed claims of maladministration against a pension fund although it had a substantial deficit of more than R166m. Read more >>
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 | A South African court on granted two pensioners permission to launch a multi-billion-dollar legal action against state-owned logistics company Transnet, which they accuse of stripping their retirement funds. Read more >>
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 | PRETORIA: The South African Local Government Association (Salga) has welcomed the Auditor General's audit results of the country's municipalities for the financial year 2012/13. Read more >>
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 | Mark Allix Grindrod and Brimstone Investment‚ both listed on the JSE‚ say they have completed their black economic empowerment (BEE) transaction giving a black empowerment consortium led by Brimstone an 8.4% share in Grindrod for R1.6bn. Read more >>
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 | Intu Properties has tripled its profit in the six months to June‚ boosted by high valuations and some exceptional items. Read more >>
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 | PRETORIA: South Africa's business delegation is in Taiwan today, where it will explore investment opportunities. Read more >>
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 | Mark Allix Hulamin, a manufacturer of semi- fabricated and fabricated aluminium products saw normalised earnings go up by 42% in the six months to June as continued rand weakness benefited the company's significant export volumes. Read more >>
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 | Nick Hedley JSE-listed AECI plans to start producing explosives in Australia by year-end‚ as the chemicals and explosives firm looks to reduce its reliance on South Africa's weak mining and manufacturing sectors. Read more >>
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 | Alistair Anderson A call for the Competition Commission to address exclusivity clauses in shopping-mall leases that may be anti-competitive and restrain economic growth has been made by the South African Real Estate Investment Trust (Reit) Association. Read more >>
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 | NEW YORK, USA: Microsoft is suing its long-time partner Samsung, accusing the South Korean company of breaching a contract over licensing of technology used in the smartphone market. Read more >>
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 | TOKYO - The weak Yen helped Sony make profits of to $261m in the first-quarter thanks to brisk sales of its PlayStation 4 console. However, the company still expects to make an overall loss this year. Read more >>
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 | NEW DELHI, INDIA: India's top mobile phone firm, Bharti Airtel, reported almost 61% increase in profits - compared with last year - helped by less competition and a wider customer base. Read more >>
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 | OTTAWA, CANADA: Loss-making Canadian smartphone manufacturer, BlackBerry has bought German voice and data encryption and anti-eavesdropping firm Secusmart. Secusmart's customers include NATO, German Chancellor Angela Merkel and entire government. Read more >>
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 | TOKYO, JAPAN: Japanese videogame manufacturer Nintendo posted a $97 million quarterly net loss, with higher costs tied to sales of its Wii U console hurting into its bottom line as worldwide sales weakened. Read more >>
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 | SHANGHAI, CHINA: China is investigating Microsoft for allegedly operating a monopoly in its market, the government said, as it took aim at the US software company's over business practices. Read more >>
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 | NEW YORK, USA: The New York Times Co reported a sharp drop in profits as lower advertising revenues offset gains in digital subscriptions. Read more >>
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 | MUMBAI, INDIA: India's top e-commerce company Flipkart said it had raised $1bn (60bn rupees) in funds as it battles US company Amazon for supremacy in the hyper-competitive local online buying market. Read more >>
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More International
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 | Chris Bathembu President Jacob Zuma asked for the support of American business to ensure that South Africa does not get excluded from African Growth Opportunities Act (AGOA), the preferential trade programme that was enacted in 2000 to boost and diversify African trade with the US. Read more >>
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More Government news
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 Dr Brian Jude's Psychology of customer service training seminar - Johannesburg and Cape Town. Book now. Read more >> |
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