The latest Forbes Rich list came out this week and was immediately billed as a sign that the global economy is recovering. But it may also indicate a shift in the balance of power between established and emerging economies.
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Results out from construction group Basil Read yesterday afternoon show a 34% rise in revenue for the year to December, while headline earnings a share were up 25%.
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As Eskom starts raising capital to fund its expansion programme, there's been a bit of an outcry over the preferential rates offered to some of its larger industrial clients.
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Renaissance Capital has launched its South Africa operations - this, in a drive to lead the firm's expansion into the continent's largest economy.
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MTN, Africa's biggest mobile operator by subscribers, posted lower 2009 profit despite its new customers increasing by 28 percent to 116 million.
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Last week we had Kenyan cigarette maker British American Tobacco post a 13% drop in pretax profit for the year ended December, primarily driven by costs incurred in restructuring the business during the year.
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It seems that all is now set for the Asset Management Corporation of Nigeria Bill to become law, following the bill having scaled the second reading at the Senate.
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RMB Holdings saw normalised headline earnings rise 22 percent, driven by increased profitability at medical aid administrator Discovery Holdings.
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ICANN, the group in charge of assigning online addresses has urged Africa to break internet monopolies to help lower the price of access since Africa is more prone to cyber crime.
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The tobacco industry in Southern Africa stands to benefit from the downturn in production predicted for Europe. This from huge EU campaigns against smoking. On the other hand the EU has extended tobacco subsidies for African farmers until 2012.
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Metropolitan out with results today and the life assurer has reported a 7% fall in diluted core headline earnings a share for the year to December.
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