Business

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

The Reserve Bank's bulletin for the fourth quarter of 2011, released on Monday, showed slow and steady growth in the South African economy, but with a potential to do better. "The picture of the South African economy that emerges from the

Johannesburg, Mar 19 (I-Net Bridge) - Pretoria Portland Cement (PPC) advised on Monday that the Competition Commission has unconditionally approved its bid to acquire Pronto Holdings. Through this acquisition PPC will become a supplier to the

 Absa has denied rumours that it is planning mass retrenchments to cut costs. It says employees affected by its restructuring process are being given the opportunity to apply for positions across the group. It was responding after

The global economic slowdown has begun to affect the local economy and it is time South Africans thought twice about getting that new iPad or applying for more credit. According to the first BankservAfrica Economic Transaction Index (BETI

Harmony Gold has introduced an employee share ownership plan to benefit around 33,000 employees. Harmony says all non-management employees will benefit from the scheme, with the only determining factor being length of service. It says the

 Wool prices were higher at this week's sale despite a stronger rand. Cape Wools says its Merino indicator gained 2.3% to close at R104.17/kg for clean wool. Spokesperson Ona Viljoen says this was slightly lower than the seasonal high but

Johannesburg, Mar 13 (I-Net Bridge) - Rodney James has resigned from both his posts as CEO and executive director of 1time Airlines, the company said. The budget airliner, a subsidiary of 1time Holdings, also announced that Michael Kaminski would

The Competition Appeal Court has dismissed an application by three government ministers who sought a review of a decision to approve the merger between US giant Wallmart and South Africa's Massmart. Cape High Court judge, Dennis Davis, also