Business

South Africa's reputation as an investment destination will be in the spotlight today, when the Competition Appeal Court will release its judgment on the review of the Walmart-Massmart merger. Judge Dennis Davis will hand down judgment in Cape Town

Johannesburg, Mar 8 (I-Net Bridge) - Xstrata Coal says it has agreed to acquire the Sukunka hard coking coal deposit from Talisman Energy Incorporated for US$500 million in cash, in a deal that will be subject to customary conditions. Sukunka is

Johannesburg, Mar 7 (I-Net Bridge) - International long-term savings, protection and investment group Old Mutual plc (OML) has received regulatory approval from the Swedish Financial Supervisory Authority for the disposal of its Nordic business to

Apple unveiled a new iPad on Wednesday with a higher resolution display and faster 4G LTE connectivity as it seeks to tighten its grip on the booming tablet computer market. The California-based gadget-maker also released an updated version of

A weaker Rand provided some support for wool market prices at this week's sale. Cape Wools says its Merino indicator gained 0.6% to close at R101.79 per kilogram for clean wool. Spokesperson Ona Viljoen, says this is a 21% improvement on the

 The mohair market was down slightly after the second sale of the summer season yesterday. Mohair SA says its market indicator closed 1.8% down at R90.60. However, prices in most categories were up by between 4.7% and 5.6%. Mohair SA

Johannesburg, Mar 5 (I-Net Bridge) - SA futures ended weaker on Monday, taking their cue from negative global investor sentiment. The near-dated Alsi contract was down 219 points or 0.72% to 30,205 points. The total number of contracts that

Johannesburg, Mar 6 (I-Net Bridge) - The latest February statistics released by independent ATM deployer, Spark ATM Systems, indicate that consumer spending and trading conditions are gradually stabilising, following a significant drop-off in

Finance Minister, Pravin Gordhan says the newly-established Black Business Council must help create a new economic environment in South Africa. He says the BBC "are now the people who have the responsibility to create a completely new