Updated: 8am GMT -- 2005/07/14
Business
WorldCom boss gets 25 years
BERNARD Ebbers, who a few years ago epitomised the rags- to-riches American dream, may soon be simply dreaming about freedom from behind bars. Ebbers was ordered yesterday to serve 25 years in prison for his role in an $11 billion fraud that led t...
Motorists drive sales up to R18 billion
South African motor trade sales for the three months up to April increased by 21,1% to R18,3 billion. This compared with the three months up to April last year, Statistics South Africa (Stats SA) reported yesterday. Seasonally adjusted sal...
European new car registrations up 4,5%
New car registrations in Europe rose 4,5% in June from the same month in 2004, with four out of the five main markets - Italy, Germany, France and Spain - posting a growth in numbers, European automobile association Acea said yesterday. The associ...
Vula! as Stilfontein mine opens again
There were cheers yesterday as Simmer and Jack mine bosses got operations going again at the newly-acquired Stilfontein mine in North West province. Simmer chairman Roger Kebble ordered the switching on of the mills at the mine's metallurgical ...
Chamber tries to put brakes on R600m 'burden'
The Cape Regional Chamber of Commerce and Industry has asked the government for a moratorium to be placed on moves to make all companies pay intellectual property rights. The new requirement - that all companies submit annual returns and pay fees to ...
IDC upbeat about smelter development
the Industrial Development Corporation (IDC), is confident that the Coega aluminium smelter will be developed along with the Canadian aluminium group, Alcan, the IDC's president and CEO, Geoffrey Qhena, said. The IDC was likely to take a 15% stak...
Plan afoot to save clothing industry
THE AFRICAN National Congress and its allies have devised a novel plan to save South Africa's ailing clothing, textiles and footwear industry from the onslaught of cheap Chinese imports, Business Day reported. An alliance task team said the industr...
Slump possible after Cup
SOUTH AFRICA could experience a slump in fixed capital formation growth after the 2010 Soccer World Cup, which could hamper economic growth, John Loos, transport and construction industry analyst for Absa bank, has warned. Loos said in a report re...
S Korea Microsoft ruling delayed
South KOREA's anti-trust watchdog yesterday delayed its ruling on Microsoft, accused of abusing its market dominance and violating fair trade rules. Microsoft had a chance to explain its position at a hearing chaired by Fair Trade Commission (FT...
Lego to sell its theme parks
Danish toy maker Lego announced in Copenhagen yesterday it would sell four Legoland amusement parks to a US-based private equity firm, the Blackstone Group, for $456 million. Blackstone plans to fold Legoland Parks into its newly acquired subsi...
35000 submit tax forms in last week
By Percy Gotywa and Lindile Sifile BEWARE if you have not submitted your 2005 tax returns. You could be slapped with a hefty fine of up to R1200. Even though the East London branch of the South African Revenue Services (SARS) had received a substanti...
Gold
Hong Kong: $425,75 London: $423,60 Paris: $425,55 Zurich: $423,80 New York: $424,50 - Sapa-AP Eastern Cape South Africa Foreign Business Stocks & Stats ...
Highs
NEW HIGHS PRICE PREV STANBANK6845 6795 ABSA8420 8395 DON 17 16 GROWPNT968 947 MARSHALLS270 260 SYCOM1495 1490 DISTELL2650 2600 BASREAD190 166 A E C I 4850 4835 SASOL20600 19720 ALTRON1820 1800 REUNERT3900 3875 CMH 5250 5200 CASHBIL...
Weaker rand results in mixed market
A WEAKER rand in late afternoon trade saw South African markets end yesterday's session on a mixed note. Equities and derivatives finished in the black while bonds followed the local unit weaker. The market continued to defy gravit...
Major
DAILY TOP 10 UP NB TOP PX 109+9000 NB BIL PP 108+4000 NB TKG PR 106+1500 NB SAP NBD 106+1500 JOHNDAN 21+1000 COMPCLEAR 385140+571 AB AMS PP 31+500 NB KMB CA 3510+400 NB ECO CA 3610+385 IB KMB CA 339+375 DAILY TOP 10 DOWN STELLA 911-550 AB NED PQ 13...
Rates
JOHANNESBURG - Yesterday's closing exchange rates, as supplied by Standard Bank:(R/£, R/Euro, R/US and other rates per rand BRITISH STERLING GBP11.9312 EURO EUR8.2356 UNITED STATES DOL USD6.7330 ARAB EMIRATES DIR AED.5219 AUSTRALIAN DOLLAR AU...
Ships
In port last night: Anastasis in dry dock, Murray Express at I, Safmarine Agulhas at L, Warrior at T. Arrived yesterday: Tristan (0600) from Port Elizabeth to R ext. Sailed yesterday: Tristan (1207) to Durban. Due today: Nil. Eas...
