Zweli Mokgata
MTN shareholders were disappointed yesterday when the board remained mum on its talks with Indian telecommunications company Reliance Communications.
Cyril Ramaphosa, chairman of the MTN Group, kept the annual general meeting brief, cutting short any hopes of discussions about the Reliance deal.
“Let’s start a minute and a half early, otherwise we’ll resemble a prayer [...]
Francois Rank
South Africans will be able to collect goods ordered from the US online bookstore Amazon.com at their local post office — despite reports to the contrary.
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South African Post Office chief executive Motshoanetsi Lefoka said today that goods ordered from Amazon and sent to SA through the United States Postal Service can still be collected [...]
AFP
Paris - Former EADS general manager Jean-Paul Gut was charged late Tuesday with insider trading at the European aerospace giant, a judicial source said.
Gut was released after posting bail of 400,000 euros (620,000 dollars) and ordered to report regularly to police during the investigation into the sale of European Aeronautic Defence and Space company [...]
Sapa
Seven of the 10 Assmang workers diagnosed with manganism have been medically boarded because the company deems them unfit to work, the Business Report said.
“The company made this decision because the seven were unfit to work,” said Jan Steenkamp, an executive director at Assmang.
“They have not worked or tendered their services for about 18 [...]
AFP
Frankfurt - Porsche confirmed its earnings targets for its current fiscal year despite slowing economic conditions and uncertainty over its mooted Volkswagen takeover.
“Porsche remains optimistic,” it said in a report on the 10 months to May of its fiscal year that was posted on its Internet site.
In the period between August 2007 and May [...]
By Evan Pickworth, I-Net Bridge
Chief Executive of the Association of Collective Investments (ACI), Di Turpin, has resigned to pursue other interests.
The ACI has at the same time announced that it will be dissolving and its members joining an association representing the interests of a broader group of financial services players “later on this year”.
Turpin [...]
AFP
Frankfurt - The German auto manufacturer Daimler is to build a factory in Hungary at a cost of about 800 million euros (1.2 billion dollars) to boost production of smaller models, it said.
Daimler planned to build the plant in Kecskemet, 80 kilometres (miles) southeast of Budapest, “in order to sustainably boost its competitiveness, as [...]
Students at tertiary institutions across the country are reportedly dropping out of their courses in higher numbers than ever before.
The University of Cape Town has reported that the professor accused of paedophilia and soliciting street children for sex has resigned.
Police have ruled out robbery after a school teacher was gunned down in Durban.
