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CorporateBusiness

Investors boycott Foodcorp bond

Foodcorp said it failed to attract a single valid offer to redeem its remaining euro-denominated debt to meet the terms of a takeover.

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GRAHAM_BRIGGS
Independent Newspapers

Harmony to write-down Papua New Guinea mine

Harmony Gold said it expected to write down a portion of the carrying value of its Hidden Valley mine in Papua New Guinea.

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Adidas
REUTERS

Adidas sets sales goal in World Cup year

German sportswear maker Adidas forecast record sales for its soccer business in 2014.

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Photo: Simphiwe Mbokazi.

Telkom hit with R200m internet fine
June 14 2013 at 12:01

South Africa's competition watchdog said Telkom SA had agreed to pay a fine of 200 million rand.

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A Telkom advert. Photo: Leon Nicholas.

Telkom reports one of SA’s biggest ever losses
June 14 2013 at 12:28

Telkom said full-year losses widened more than fifty-fold to 11.6 billion rand ($1.17 billion) after it wrote down the value of its assets.

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South African Deputy President Kgalema Motlanthe. Photo: GCIS.

Motlanthe, mining industry, unions meet
June 14 2013 at 11:03

Mining houses and trade union top officials started arriving for a meeting with Deputy President Kgalema Motlanthe.

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Customers visit the Apple Store in New York City's Grand Central Station.

Apple leader admits e-book prices rose
June 14 2013 at 11:48

Apple's chief dealmaker acknowledged that prices of best-selling ebooks rose after the tech giant launched iPad book sales in 2010.

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Customers visit the Apple Store in New York City's Grand Central Station.

Fastjet puts SA plan on hold
June 14 2013 at 11:43

Fastjet said it would temporarily shelve plans to launch domestic routes in South Africa.

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A Telkom advert. Photo: Leon Nicholas.

Telkom’s loss climbs 50-fold
June 14 2013 at 10:35

Telkom said full-year losses widened more than fifty-fold after it wrote down the value of its assets by 12 billion rand.

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PowerLines

Eskom turns off BHP smelters
June 14 2013 at 10:14

Two BHP Billiton smelters were temporarily turned off by Eskom because demand for electricity exceeded availability.

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Staff cutbacks were on the cards as IBM intensified its focus on some of the technology industry's hottest markets. File photo: AFP

IBM lays off workers
June 14 2013 at 08:29

Staff cutbacks were on the cards as IBM intensified its focus on some of the technology industry's hottest markets.

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Acucap’s storage portfolio matures
June 14 2013 at 05:45

Acucap, the predominantly retail-focused listed property fund, believes the size of its self-storage portfolio will soon be close to that considered appropriate for a separate listing.

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Reunert: Preference stock delisting set
June 14 2013 at 05:45

The redemption and delisting of Reunert’s 5.5 percent cumulative preference shares had been confirmed, the technology firm said yesterday.

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