by bizadmin | Jul 17, 2014 | NewsFeed
Electricity parastatal, Eskom, on Friday reported a net profit of R7.1 billion for the year ended 31 March 2014 – up from R5.2 billion in the previous year. The utility reported a R2.1 billion gain on derivatives. The surplus will be reinvested in the company in...
by bizadmin | Jul 17, 2014 | NewsFeed
The Limpopo provincial government has committed to eradicate poverty, create jobs and reduce inequality. “We have entered a phase in our transition that requires decisive steps to help eradicate poverty, create jobs and reduce inequality. “This government is committed...
by bizadmin | Jul 17, 2014 | NewsFeed
Microsoft is to cut up to 18,000 jobs marking the deepest cuts in the technology firm’s 39-year history. The bulk of the cuts, around 12,500, will be in its phone unit Nokia, which Microsoft bought in April, the firm said. Microsoft pledged to cut $ 600m...
by bizadmin | Jun 11, 2014 | ASEAN, Asia, Europe, Featured, G20, News, USA
Washington – The World Bank on Tuesday lowered its projection for the global economic outlook this year, as developing countries are heading for disappointing growth, while high-income countries are gaining momentum. World Bank lowers projection for global...
by bizadmin | May 27, 2014 | Europe, Featured, News
World share markets climbed closer to record levels on Tuesday on expectations the European Central Bank will extend its easy monetary policy, while gold slipped to a one-month low following upbeat U.S. economic data. Wall Street’s S&P 500 hit a record high,...
