Civil cases for debt in South Africa rise 0.8% in Jan, y/y
Civil cases for debt in South Africa rose 0.8% in Jan, y/y.In Dec 2009, civil cases for debt rose 10.9% y/y. The total number of civiljudgements recorded for debt for the three months to Jan-end rose by 8.7%against the same period ended Jan, 2009, Business Day reported. Between Jan2009 and Jan 2010, 3.4% fewer judgements for debt were recorded. Bloomberg addedthat Moodys Investor Services general manager of financial institutions,Mardig Haladdjian, foresees non-performing loans stabilising in the country bymid-year.
South African company Exxaro Resources said one of the options it currently considers is dismissing striking coal mine workers who fail to return to work in the week of March 25, fin24 reported ... more
South Africas telecommunication operator Telkom said that it has not made a decision on retrenching 13,000 employees, or more than half of its staff, TechCentral reported quoting a company ... more
Oryx Energies, a major independent provider of oil and gas products and services in Africa, has agreed to buy the South African liquefied petroleum gas (LPG) distribution businesses of BP and ... more
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