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Apr 20, 2011

Busrep.co.za Newsletter - 21st April 2011 - 07:48

Morning edition Thursday, 21 April 2011
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Dear cabuyano, welcome to the IOL Business Newsletter
 BREAKING BUSINESS NEWS
 
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Financial Indicators:
R/$ 6.79
R/£ 11.11
R/€ 9.84
Gold $/oz 1501.34
Oil 123.85

2011-04-21 07:47:55 SAST

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'Longest SA strike looms'
Samwu has threatened nationwide municipal mayhem five days before the local government election if its demands are not met.
Full Story ...

Corporates show recovery as profits leap - FSR
The corporate sector showed signs of recovery towards the end of last year, with a sharp rise in profitability.
Full Story ...

SA is open for foreign business, Patel says
South Africa is open for business with foreign investors but access to this country must bring tangible benefits, especially in terms of employment and industrialisation, Minister of Economic Development Ebrahim Patel told Business Report on Wednesday.
Full Story ...

Test case against Anglo SA could lead to suit avalanche
A test case against Anglo American South Africa, which if successful will bring an avalanche of suits against the mining industry, will be heard next year.
Full Story ...

Harmony's Wafi-Golpu project may cost $4bn
Harmony Gold's cost of developing its Wafi-Golpu gold prospect in Papua New Guinea could exceed initial estimates of $3-billion.
Full Story ...

Builders clamour to co-operate
Several listed companies - including Wilson Bayly Holmes-Ovcon and Aveng and Stefanutti Stocks - confirmed this week they had submitted applications in terms of the fast track settlement process to the competition authorities by last Friday.
Full Story ...

Doha deadlock puts price on trade
The talks aimed at removing trade barriers worldwide are going nowhere after a decade.
Full Story ...

Unions: Concern about pension changes
Unions at the presidential labour summit on job creation, hosted by president Jacob Zuma this week raised concerns about governments plans to do away with the Provident Fund and impose a mandatory preservation of the Pension Funds.
Full Story ...

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 NEWS
'Longest SA strike looms'
Samwu has threatened nationwide municipal mayhem five days before the local government election if its demands are not met.
Full Story ...
 COMPANY NEWS
Calgro's pipeline swells to R5bn
Calgro M3 Holdings, the AltX-listed affordable housing developer, has reported it had a pipeline of projects valued in excess of R5bn to roll out over the next six to seven years and was expanding beyond for its traditional Gauteng base.
Full Story ...
 INTERNATIONAL
Doha deadlock puts price on trade
The talks aimed at removing trade barriers worldwide are going nowhere after a decade.
Full Story ...
 MARKETS
JSE ends 2% up
The JSE surged over 2% on Wednesday, mirroring equally stellar performances by other stock exchanges around the world.
Full Story ...
 OPINION/ANALYSIS
New laws for all, but better lives must wait
There is a wall of new legislation about to bear down on us and unless you want your life riddled with complexity and uncertainty you are advised to stay home and transact with no one for the next while. If you are of a particularly delicate disposition wait there for a few years until the chaos has passed and indifference has once again become the norm.
Full Story ...

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