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MEDIA: National Business News Summary

 





Recent Gauteng Business News

Rumours have resurfaced that Old Mutual could soon announce the sale of all or part of its stake in Nedbank according to Fin24.com.

The SABC has overcome its financial obstacles according to the Minister of Communications Siphiwe Nyanda.

Soon we may be able to get access to government services through our cellphones with Vodacom busy negotiating a deal with the ministry of cooperative governance and traditional affairs

FIFA have said that they are expecting to make a minor financial loss on World Cup 2010. This news comes as a little bit of a surprise as they allegedly made a profit of more than R2 billion on the 2006 event in Germany.

The loss is not very substantial with FIFA reporting that they will only need to underwrite "a few thousand Dollars", which is a lot less than they seemed to be expecting since they have apparently been saving as much money as possible since the 2002 World Cup in the event of financial difficulties.

According to a survey by KPMG optimism in the international construction sector is on the rise with most companies project books more full than they were in February last year.

The JSE was under pressure on yesterday following the gains it made on Wednesday, ending in the red because negative global sentiment.


 
 
 
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