May 08, 2008
Daily podcast - May 8, 2008Back
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From Creamer Media in Johannesburg, I'm Shannon O'Donnell.
Making headlines today:
China Mobile Limited, the world's biggest cellular carrier, said on Thursday that it was interested in the South Africa market but had not entered a bid for operator MTN, which was the subject of takeover interest by India's Bharti Airtel.
"China Mobile has not joined the MTN bidding, but it is interested in the South African market and is looking at various opportunities for entering that market," Chief Executive Wang Jianzhou told reporters following the firm's annual general meeting, declining to elaborate on the firm's intentions.
China Mobile, UK-based giant Vodafone and India's Reliance Communications were cited by the Financial Times this week as likely to be interested in MTN, which has a market value of 40-billion dollars.
The BCI tallied a slightly lower 93,4 index points in April, after measuring 93,9 in March.
"The Sacci BCI appears to have become somewhat sticky around the level of 94. With no clear direction from the global economy, uncertainty surrounding Zimbabwe, and lost domestic economic momentum, the BCI reflects strains in the economy and uncertainty on direction," the organisation said.
During the quarter, cash operating costs shrank by 8,9%, despite a 16% production drop after the South African power crisis shut mines for five days in January.
In a note to the JSE's news service, Harmony said that the power crisis had cost it an estimated 800 kg of gold.
GrainSA wants open discussion on biofuels policy
In political news:
Donors pledge 4,8-billion dollars in aid for Sudan
That's a round up of news making headlines today. For more on these and other stories, visit engineeringnews.co.za, miningweekly.com and polity.org.za
Edited by: Shannon de Ryhove© Reuse this Comment Guidelines (150 word limit)
Creamer Media Senior Deputy Editor Polity & Multimedia
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