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| United Kingdom | £1: | R13.83 |
| USA | $1: | R9.30 |
| Europe | €1: | R12.54 |
| Australia | $1: | R6.71 |
| Canada | $1: | R7.88 |
| New Zealand | $1: | R5.54 |
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Latest Business News
Fuel price cut sparks smilesThe petrol price decrease has put a smile on the faces of many motorists who were seen filling up their tanks at petrol stations around Durban.
Property prospects look bleakWhile the fall in house prices is likely to continue in 2009, the construction industry is defying economic difficulties.
Hackers blow whistle on banksA report that banks had hoped to keep confidential has been exposed by hacker.
MTN deal: Altech backs downAfter opposing a merger between MTN and Verizon SA, Altech has backed down at the last minute.
Gold stocks rally on firmer metalsSouth Africa's Gold Fields has risen most among gold shares in tandem with the metal's higher price, which is buoyed by a weaker dollar.
Price cuts hurt petrol stationsPetrol stations have suffered huge losses as a result of last month's price cuts, says the Fuel Retailers Association of Southern Africa.
50 basis points not enough to celebrate: analystSouth African consumers have very little to celebrate following the Reserve Bank’s decision cut to the repo rate by 50 basis point to 11, 5%, Pan African capital economist Iraj Abedian said yesterday.
Rwanda's tourism earnings up 55%Rwanda's Development Board says the country's budding tourism sector received over a million visitors in 2008 and raised an estimated $214 million, up from $138 million the previous year. Rwanda was voted among the "Top 10 countries to visit in 2009" by the Lonely Planet travel guide.
MTN iTalk merger approvedSouth Africa's Competition Tribunal approved the merger between mobile network operator MTN and iTalk Cellular today. MTN, a major South Africa-based mobile telephone network operator which provides mobile voice and data services, would acquire the remaining 59% of iTalk's shares, said tribunal registrar Lerato Motaung in a statement.
