JD Group to continue offshore drive

JOHANNESBURG – South African furniture retailer JD Group yesterday reported annual earnings broadly in line with expectations and said it would push ahead with its offshore drive, moving into Britain and expanding in Poland....

New hopes for interest cut

JOHANNESBURG – Growth in South African credit and money supply abated in the year to September, figures released yesterday showed, raising cautious hopes for an interest rate cut early next year provided the rand stabilises....

Wholesale trade slips down

JOHANNESBURG – Seasonally adjusted real wholesale trade sales, excluding diamonds, for the three months up to August 2001 reflected a decrease of 0,5 per cent compared with the three months up to May 2001, says Statistics SA....

Board ‘shakeout’ report at VW

FRANKFURT – The chairman-designate of Volkswagen, Bernd Pischetsrieder, is planning a management shakeout, the Financial Times Deutschland reports....

‘Flexibility’ call for WTO talks

LUXEMBOURG – The European Union has called for flexibility in crucial world trade talks in Qatar next month and stressed the need to help developing countries play a full part in global commerce....