New vehicle sales up healthy 27pc in May

Business Correspondent

Johannesburg – NEW vehicles sales for May are up almost 27 per cent compared with the same month last year, says Naamsa....

Property boom ‘spreads wealth’

Johannesburg – The current property boom in South Africa has the potential to create economic and political stability if it is sustained, says senior economist John Loos....

SAB ponders higher bid

Hong Kong – SABMiller, the world’s second largest brewer, is considering raising its HK$4,30 bid per share for mainland brewer Harbin Brewery to top the counter-offer by rival Anheuser-Busch, as the takeover battle for the Chinese brewer enters a decisive phase, the Financial Times reported yesterday, citing unnamed sources....

Stats ‘under-reported’

Pretoria – Wholesale trade for 2003 was 17 per cent higher than previously reported, motor trade 17 per cent up and retail trade 20 per cent higher, says Stats SA...

Aid for African trade bid

Nairobi – The African Union and UN Development Programme (UNDP) have signed a $4,2-million agreement to promote the continent’s participation in world trade negotiations, an AU statement says....

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