Business

E Cape car makers withstand pressures of low local demand
GRAHAMSTOWN -- The dramatic decrease in the local passenger car market is putting all South Africa's motor vehicle manufacturers under pressure and if the trend continues more job losses will occur. This was said yesterday by Volkswagen South Af...

Appleton expands core business
JOHANNESBURG -- The two giants of independent private client financial services, asset managers The Appleton Group -- owned by African Spirit -- and stockbrokers Irish & Menell Rosenberg announced yesterday they had joined forces to consolidat...

Call for better project funding
EAST LONDON -- The Eastern Cape government had improved the way it managed its cash flow and had made progress in its payments to private companies for work done and service rendered; however there was considerable room for improvement. This was ...

SA shares positive despite sluggish trade
JOHANNESBURG-- South African shares ended positive yesterday despite the overall lack of trading interest as the Johannesburg Stock Exchange moved in tandem with, but lagged behind, international market gains. At the close the all-share index had...

RATES OF EXCHANGE
JOHANNESBURG -- Yesterday's closing exchange rates, as supplied by Standard Bank: (R/, R/US$ and R/Irish punt, other rates per rand.) TT buyAir buySurf buyTT sell USA5,64505,62615,58855,8550 AUSTRALIA0,27920,28040,28270,2665 AUSTRIA2,12382,13082...

Growth through skills drives education industry
Report and picture by Matthew Hattingh EDUCATION, particularly at a tertiary level, is probably the biggest growth industry in the greater East London area. This may not be immediately obvious to Joe Businessman -- although a cursory glance a...

Rand stronger against US $
JOHANNESBURG --The rand strengthened in yesterday afternoon's trading on the weaker US dollar against major currencies rather than on a desire in the market for rand assets, dealers said. The local unit was last at 5,6700 rand to the US dollar, 7...

Wall St gains boost world markets
LONDON--Europe's sharemarkets began the week with mild to meaningful gains yesterday, boosted by a boisterous Wall Street opening and a healthy overnight performance in Asia. London's Footsie fell back from its session high but still racked up a ...