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Nationalisation taken off the table at mining indaba

Following Malema's failed appeal and the ANC's NEC summit, the government says nationalisation is firmly off the table, and SA is open for business.

The economic week ahead: Greece lightening

Negotiations aimed at lightening Greece's debt load to more sustainable levels are likely to dominate economic headlines this week.

Cape oil service hub can prosper and create jobs

Donwald Pressly’s article, “Transnet ‘sinks plan’ for ship repair hub” (Business Report, January 30), again demonstrates the tragedy of lost economic opportunities.

Implats lifts earnings amid mass firings

Impala Platinum (Implats), which axed 17 200 employees last week for participating in an illegal strike, announced on Friday that it was expecting higher profit for the six months to December.

News in Brief

Ministry checks on rebel threats on MTN, SacOil

A pint of beer a day keeps the doctor away, says study

We have long been told that a glass of red wine is good for our health, but an increasing number of clinical studies show that beer can have even greater benefits.

Vehicle prices increase slower than inflation as dealers offer incentives

Vehicle prices had risen more slowly than other products since 2000 and at a rate lower than consumer price inflation, motor industry analyst and Econometrix director Tony Twine said last week.

Sanctions on Iran have scant effect on oil prices

Tub-thumping by politicians is not far removed from breast beating by homo sapiens’ close relatives. The drama lies in the sound and fury but effective action does not necessarily follow.

Health-care inflation puts big strain on medical aids

High medical inflation and regulated contribution increases are affecting the solvency levels of medical schemes. The overall solvency ratio of all registered schemes fell to 30.3 percent in September from the audited solvency level of 31.6 percent at the end of 2010, the quarterly report of the Council for Medical Schemes showed.

Budget to act against super-rich tax cheats

The rich are in the firing line as tax authorities worldwide scramble to fill their coffers. And Johan van der Walt, a director at DLA Cliffe Dekker Hofmeyr, suggests South Africa’s high-net-worth individuals could take some heat in the upcoming Budget.

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