Business

Johannesburg, Mar 28 (I-Net Bridge) - Gooderson Leisure Corporation (GDN) will sell the business and assets of the Beach Hotel to Motsa Properties for R20 million, with effect from July 1. The sales proceeds will be used, among others, to settle

Mohair prices improved at Tuesday's sale in spite of fears that a large offering would affect prices negatively. Mohair South Africa says its market indicator gained 1% to close on R91.43 p/kg. It says the overall sales clearance of 98.6% also

Business Unity SA says South African business needs to take advantage of the commercial opportunities offered by Brazil, Russia, India, China and South Africa. Busa CEO, Nomaxabiso Majokweni says the inaugural BRICS Business Forum in China has

A year later and South Africa has still not convinced the world or the creator of Brics why it belongs in the exclusive emerging-giant grouping that includes Brazil, Russia, India and China. "It's just wrong. South Africa doesn't belong in

Johannesburg, Mar 22 (I-Net Bridge) - At the start of East Africa's corporate results season, company performance is surprising on the upside, suggesting that earnings projections may soon move higher. That is according to pan-African financial

First National Bank (FNB) was extremely concerned that it was still experiencing problems after a power shutdown, it said on Thursday morning. Clients were unable to do any banking after its back-up power systems failed to kick in. FNB’s

Johannesburg, Mar 20 (I-Net Bridge) - The Competition Commission has prohibited a set of proposed transactions in the horseracing industry involving Kenilworth Racing (Pty) Ltd. The first transaction involves the acquisition by Kenilworth over

Pretoria, Mar 20 (I-Net Bridge) - A large majority of 72% of South Africans said that democracy is preferable to any other form of government, the latest Afrobarometer survey conducted by the Institute for Democracy in SA (Idasa) in October and

An Austrian company that won the bid to build and operate Gauteng's e-tolling system made R1.2-billion in one year from its South African operations, the Star reported on Tuesday. According to Kapsch Traffic-Com's 2010-11 annual report, released