Possible interest rate cut forecast for SA

Interest rate cut Johannesburg – Bank of America Merrill Lynch is forecasting another 50 basis-point (bp) rate cut for South Africa in November and believes the country’s first rate hike since 2008 is only likely to occur in the first quarter of 2014. The...

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rand slipping against dollar affecting prices

South African soybeans, wheat and yellow corn rose as a weaker currency neutralized lower prices in the U.S. The most active soybean contract, for delivery in December, rose 0.5 percent to 5,600 rand ($640) a metric ton in Johannesburg, while the commodity...

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Tuks flying to second place on log

University of Pretoria are hot on the heels of log leaders Kaizer Chiefs after a 2-1 win against Bloemfontein Celtic yesterday afternoon. In the 18th minute, Mame Niang opened the scoring for rookies, University of Pretoria, to net his fifth goal of the season.When it seemed Amatuks would go to the break with a lead, Letladi Madubanye levelled matters in the 42nd minute. There was little...

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E-toll taffifs latest reductions

Pretoria - The e-toll tariff for light vehicles with e-tags has been reduced to 30c/km, Sanral said on Friday. This was down from the 40c/km decided on last year, Sanral toll and traffic manager Alex van Niekerk told reporters in Pretoria. The base tariff for light vehicles would remain at 58c/km. Van Niekerk was giving a SA National Roads Agency Limited presentation on the Gauteng highway e-toll...

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e toll committe meets cabinet

e toll The inter-ministerial committee (IMC) on e-tolling met Cabinet on Wednesday, government spokesman Thabo Masebe said. "I can confirm that the IMC did report to Cabinet on the consultations and made recommendations," he said. "However, I can't...

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SARS tax revenue forecast latest

South Africa grew its tax revenue by R68.5-billion in 2011/12 to total R742.6-billion, R3.9-billion more than forecast by Finance Minister Pravin Gordhan in his 2012/13 Budget, the SA Revenue Service (Sars) reports. SA Tax Payer Releasing its 2012...

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Saving money the compound interest advantage

Cape Town - You've probably heard the term before: compound interest. But do you really understand how this works? Compound interest is what allows a very average saver to become a wealthy individual. What's the secret? The value of compound interest...

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Water shortage scenario for South Africa

Water Water infrastructure requires investment of 670 billion rand ($76 billion) over the next decade, the Department of Water Affairs said in an Aug. 17 study. That’s almost double the available funding, leaving a gap of 338 billion rand. The report...

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Windows 8 vs MS revenue

Operating income down 26 per cent as revenues slide Microsoft is reporting a $16.03bn revenue haul in what was a decidedly down financial quarter for the company. Overall, the Redmond giant saw its revenues drop by eight per cent over the same period last quarter, while operating income sank by 26 per cent over the same period in 2011. The report comes just days before what Microsoft hopes will...

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South Africa Scoops Travel Awards

South Africa enjoyed a big share of the spoils in the 2012 World Travel Awards for Africa, winning 32 awards out of a total 57 categories, including leading African airport, beach destination, family resort, city hotel, conference venue, safari lodge...

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New Android 4.1 Jelly Bean OS

Android 4.1, Jelly Bean, is the fastest and smoothest version of Android yet. Jelly Bean improves on the simplicity and beauty of Android 4.0, and introduces a new Google search experience on Android. We put Android under a microscope, making everything...

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Announcement HTC One vx and HTC one plus

HTC today took the wraps off the lastest smartphone in its One family of devices, but tucked away in the announcement of the HTC One X+ and One VX was the news that two of its older One smartphones will be upgraded to Android 4.1 Jelly Bean this month. HTC...

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Weak rand effects on SA economy

Johannesburg - South Africa's rand remained near a 3½ year low on Monday and analysts said it could weaken further in the absence of a resolution to a wave of strikes roiling Africa's biggest economy. The rand was trading at 8.800 to the dollar at 0701...

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Transport strike updates

Trucks The SA Transport and Allied Workers’ Union (Satawu) will have to soldier on alone in the transport sector strike after three associate unions yesterday accepted a double-digit wage offer made by truck owners. This came as mining companies...

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E Tolls Tags Argument Starts

People should not buy e-tags and should protest against the implementation of e-tolls to ensure the government listens, the SA Municipal Workers' Union (Samwu) said on Friday. "This union strongly believes that the pressure of the masses is crucial...

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