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  • Recession weans SA off credit
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Recession weans SA off credit

According to the country’s National Credit Regulator (NCR) there are 17-million people, or almost a third of the population, in South Africa who are exposed to some kind of debt. CEO of the ……

0pejomo27-01-2010 10:13
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  • ANC 'only thinking' of nationalising reserve bank
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ANC 'only thinking' of nationalising reserve bank

ANC spokesman Jackson Mthembu said that the “status quo” would not change. Currently the South African Reserve Bank is owned by private shareholders in an effort to keep the bank independe……

0pejomo27-01-2010 09:09
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SA banks may buy troubled Nigerian banks

Two South African banks have publicly disclosed their interest to purchase banks rescued by Nigeria’s central bank last year. Standard Bank South Africa and FirstRand, along with NigeriaR……

0pejomo20-01-2010 09:59
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Recession hurts SA banks

South Africa’s banking profits were again down in quarter four of 2009 on the back of weak credit demand and lower transaction volumes, a survey has revealed. Ernst & Young’s lead ……

0pejomo20-01-2010 09:30
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  • SA: Banks' recovery slower than US
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SA: Banks' recovery slower than US

Earnings for the country’s four biggest banks would be down a combined 37 percent for 2009, said head of Sanlam Investment Management Global Kokkie Kooyman. Kooyman said that Absa, Standard B……

0pejomo13-01-2010 09:07
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  • SA: Banks to scrap cheques
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SA: Banks to scrap cheques

South Africa, like the UK, has experienced a dramatic drop in cheque usage as banking clients increasingly make use of electronic services. Nedbank, one of South Africa’s largest banks, has ……

0pejomo13-01-2010 08:51
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Mobile banking outstrips PC banking in SA

One of South Africa’s major banks says that during 2009 mobile banking outperformed PC-based banking for the first time. FNB, one of South Africa’s “big four” banks, recorde……

0pejomo06-01-2010 12:42
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'SA banking expensive'

South Africa’s Banking Ombudsman’s office has said that the country’s banks were charging more than they should be by using complicated fee structures to make it difficult to compare……

0pejomo06-01-2010 12:04
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IMC lifts SA's brand profile

South Africa’s International Marketing Council has used the World Cup as an opportunity to showcase the country abroad, spending over R59-million (¤7.7-million) on advertising during the past fi……

0pejomo23-12-2009 09:00
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Kenya may co-sponsor 2010

South Africa recently offered Kenya an opportunity to gain a greater slice of the media attention during next year’s World Cup by putting an offer to co-sponsor on the table. The offer, whic……

0pejomo23-12-2009 08:20
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Dutch gvt supports SA lodge

A lodge located just north of South African 2010 host city Polokwane has been included in a European government programme to promote tourism. Mashovhela Lodge in the Soutpansberg Mountains has bee……

0pejomo16-12-2009 13:51
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'World Cup will boost sales' - Adidas

Adidas, the world’s second largest sportswear manufacturer behind Nike, was hoping the 2010 FIFA World Cup in South Africa would be a major boost for sales. The company, which like Nike, rec……

0pejomo16-12-2009 13:04
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  • SA 2010 corporate sales poor
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SA 2010 corporate sales poor

According to FIFA and MATCH - FIFA’s official hospitality company - fewer corporate tickets have been sold than expected, which could result in thousands of tickets being released back into gene……

0pejomo09-12-2009 10:46
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  • SA's president more popular
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SA's president more popular

TNS Research Surveys, one of the most well-known research companies in South Africa, said that Zuma’s 100-day approval rating was currently sitting at 58% for November 2009. This is up from an a……

0pejomo09-12-2009 10:19
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  • Fifa denies media access to draw
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Fifa denies media access to draw

The draw, which will be held at the Cape Town International Convention Centre, is expected to be broadcast to an audience of over 200-million people across 200 counties, up from the 134.5-million reco……

0pejomo03-12-2009 09:16
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  • WB: Africa freight transport too expensive
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WB: Africa freight transport too expensive

World Bank transport economist Juan Gaviria said that road freight charges in some African countries were over 200 percent more expensive than countries from other continents. Gaviria added that So……

0pejomo02-12-2009 09:44
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  • SA to extend rail network
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SA to extend rail network

Last week a Putco bus, allegedly overtaking on a solid white line, and a truck collided on the Moloto Road, killing 10 and injuring 36. Accidents on the road, often involving Putco busses and other fo……

0pejomo02-12-2009 09:14
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  • Botswana: $385m for transport sector
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Botswana: $385m for transport sector

The Botswana government has pledged to provide an additional $159 million (¤105 million) to boost the project. The OPEC fund for international development has also pledged $40 million (¤26 million). ……

0pejomo25-11-2009 10:14
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  • SA ups cruise offerings
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SA ups cruise offerings

According to Allan Foggitt, director of Starlight Cruising, the MSC Sinfonia will be docking in Durban, bringing an additional 2100 passengers and crew to South Africa. “The arrival of the n……

0pejomo25-11-2009 09:20
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  • SA: Gautrain may run for 2010
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SA: Gautrain may run for 2010

Earlier, the Bombela Concession Company said they are willing to accelerate the project by three weeks at a cost of R1.3-billion (¤117-million). The Gauteng government turned down the offer and even s……

0pejomo18-11-2009 09:25
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  • SA: More new freeways by 2013
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SA: More new freeways by 2013

Currently the GFIP is in its first phase, which is over 33% complete. This R15.1-billion (¤1.4-billion) phase will see upgrades, including lane widening, better interchanges and improved lighting, to ……

0pejomo18-11-2009 09:00
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SA cancels ¤3-bn Airbus contract

South Africa has cancelled a deal to buy eight Airbus A400 military transport aircraft after Airbus failed to meet deadlines and costs ballooned. Government spokesman Themba Maseko admitted that g……

0pejomo11-11-2009 10:22
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  • SA: High speed train project delays
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SA: High speed train project delays

The R26-billion (¤2.3-billion) project would see Johannesburg’s international airport connected by rail to Sandton, downtown Johannesburg and Pretoria. It was hoped that the Bombela Consortium, ……

0pejomo11-11-2009 09:50
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  • SA minister: "Africa's roads unsafe"
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SA minister: "Africa's roads unsafe"

Ndebele admitted that road deaths may claim more lives than HIV/Aids and malaria by 2020. Addressing an international audience, Ndebele added: “We are here to be part of a march which addresses ……

0pejomo04-11-2009 09:42
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  • “Road building to stop for 2010”
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“Road building to stop for 2010”

“Come May 2010, there will be no more construction, no more road closures and we will stop with blasting,” said SANRAL’s CEO Nazir Alli. Gauteng, as the country’s smallest ……

0pejomo04-11-2009 09:01
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