South African Businessplace

New Eastern Cape Premier Mbulelo Sogoni says officials who fail to deliver service will be fired.
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Zimbabwe opposition leader Morgan Tsvangirai said today that he was “fairly satisfied” with talks with President Robert Mugabe’s party to end a political crisis, and said a Monday, August 4 deadline was “not inflexible”.

Poverty elimination, power supply and the justice system were some of the issues discussed today in a closed meeting between President Thabo Mbeki and the Big Business working group.

The murder trial of Najwa Petersen and three co-accused has been postponed to Monday in the Cape High Court.

Argentina will give the Springboks the best possible preparation in their build-up to the crucial home Tri-Nations tests. This is the view of the Springbok camp in Tshwane.

Poverty elimination, power supply and the justice system were some of the issues discussed today in a closed meeting between President Thabo Mbeki and the Big Business working group.

South Africa’s monthly trade deficit shrunk to a 1-1/2 year low of R180 million in June, below forecasts and boosting the rand currency and government bonds.

South Africa’s factory gate prices have come in lower than most economists had forecast. Producer Price Inflation (PPI) rose to 16.8% in June, only slightly up from 16.4% in May.

Resources group Kumba Iron Ore says that it will invest R8.5 billion in its new Sishen South mine, which is set to start production in the first half of 2012. The investment is described as one of the largest ever made in the Northern Cape.

Pick ‘n Pay owner Raymond Ackerman says businesses should not put a lot of emphasis on making profits at the expense of consumers.