Solar Power plan for Robben Island

Cape Town – Tourism Minister Derek Hanekom says Robben Island, one of the world’s top tourist attraction spots, will soon generate its power from solar panels. The island, which once held the likes of former President Nelson Mandela and struggle stalwarts Walter...
All Africa Business Leaders Awards

All Africa Business Leaders Awards

The 2014 winners of the CNBC Africa All Africa Business Leaders Awards Presented by Johnnie Walker Blue Label (AABLAs) were announced at the Sandton Convention Centre in Johannesburg on Friday, 14 November. In a process that began over two months ago, with regional...
Bond Yields Fall to a 500-Year Low

Bond Yields Fall to a 500-Year Low

Jeffrey Gundlach, the American fund manager who correctly forecast the surge in bond prices this year, contrary to the overwhelming majority of the experts who got it wrong, remains fundamentally pessimistic about economic growth in the US. He predicts that...

Retail sales rise less than expected

U.S. retail sales rose less than expected in May and first-time applications for unemployment benefits increased last week, but that will probably do little to change views that the economy is regaining momentum. The Commerce Department said on Thursday retail sales...