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Saru profits soar

Saru profits soar

A company restructuring process, increased sponsorships and a new broadcast rights deal all contributed to a significant increase in profit for rugby in 2011, the SA Rugby Union (Saru) said…

Oil drops from near ten month high

Oil drops from near ten month high

Oil prices fell to below $108 a barrel Tuesday in Asia, slipping from near 10-month highs ahead of new data on the U.S. economy. Benchmark oil for April delivery was…

Stats SA: More jobs in the formal sector

Stats SA: More jobs in the formal sector

Employment in the formal non-agricultural sector grew slightly between the third and fourth quarters of last year, Statistics SA said on Tuesday. The December 2011 Quarterly Employment Statistics survey found…

EC Automotive Cluster launched in Port Elizabeth

EC Automotive Cluster launched in Port Elizabeth

More support for Auto Sector: (Back left) Buffalo City Mayor, Zukiswa Ncitha and Nelson Mandela Bay Mayor Zanoxolo Wayile attended the launch of the Eastern Cape Automotive Cluster along with…

Apple will pay out dividends and buy back billions of dollars of shares

Apple will pay out dividends and buy back billions of dollars of shares

Apple announced Monday it will spend part of its cash hoard to pay its first dividend to shareholders and buy back $10 billion in shares. Apple said it would pay…

Chamber celebrates port of Ngqura launch

Chamber celebrates port of Ngqura launch

The Nelson Mandela Bay Business Chamber celebrated the official opening of the Port of Ngqura by President Jacob Zuma on Friday, together with the local and provincial governments, Transnet, the…

Britain braces for more austerity measures

Britain braces for more austerity measures

Britain unveils an annual budget Wednesday that is likely to build on the coalition government’s deficit-slashing austerity strategy, while also seeking to grow a recession-threatened economy. Finance minister George Osborne…

Velvet Sky lays off staff

Velvet Sky lays off staff

Troubled low-cost airline, Velvet Sky, has started to lay off staff as it battles with cash flow problems, SABC reported on Friday. When contacted by Sapa, the company’s chief executive…

Apple to make announcement over huge cash holdings

Apple to make announcement over huge cash holdings

Apple scheduled an announcement Monday on plans for its huge cash balance, estimated to be at least $97 billion from its hugely successful gadgets like the iPad and iPhone. An…

IMF chief cautiously optimistic

IMF chief cautiously optimistic

IMF chief Christine Lagarde said Sunday measures taken to fight financial woes in Europe and the United States were starting to pay off, in a cautiously upbeat assessment of the…