Mobile phone maker Sony Ericsson on Friday posted a 293 million euro (US$387 million) net loss in the first quarter on falling sales and said it would slash an additional 2,000 jobs to cut costs. 20 Apr 2009
WASHINGTON: US videogame sales fell 17% in March as the industry failed to escape the economic slowdown, according to figures released by the market research firm NPD Group. 20 Apr 2009
The first Nedbank Analyst Forum for 2009 kicked off at the SAS Offices in Houghton last week. Speaking at the event were Hanli Roux from the Nedbank Retail Credit lab, Dr. Tjaart van der Walt from the National Debt Mediation Association (NDMA) and Heidi Hancke from KPMG. 20 Apr 2009
Dubai World, owners of the Victoria & Alfred Waterfront, in Cape Town, are going ahead with major investment projects in South Africa despite the global economic slump. 20 Apr 2009
A rescue package has been drawn up to try to stem job losses and closure of factories in the South African clothing and textile industry. 20 Apr 2009
Retailers can take advantage of the recession by offering value for money, and bundling feel-good items that are still cost effective. 20 Apr 2009
NAIROBI: East Africa will come safely through the global financial crisis to record at least 5% growth this year, the highest on the continent, the African Development Bank has announced. 20 Apr 2009
The fragrant aromas, mouthwatering sights and vibe of Chatsworth's famous Bangladesh market has hit the world wide web in an effort to attract more visitors. 20 Apr 2009
The music industry cheered as a Swedish court on Friday, 17 April 2009, found the four proprietors of The Pirate Bay guilty of copyright law violation. 20 Apr 2009
One economy apparently isn't hurting these days - the one run by identity thieves in the dark corners of the internet. Demand and prices remain stable for stolen credit cards, identity numbers and other private information, according to a new study by security software maker Symantec. 20 Apr 2009
What better way to celebrate 350 years of winemaking in the Cape than at the 35th Nederburg Auction of rare Cape wines? This year the prestigious annual event takes place in Paarl from 11 - 12 September. Major local and international wine buyers will be able to taste, select and bid on an array of 156 fine wines from 70 participants, including seven newcomers. 17 Apr 2009
Meanwhile, smart companies go for trimmer processes, straight-through visibility. 17 Apr 2009
PARIS: French cosmetics giant L'Oreal said on Thursday, 16 April 2009, its chief executive, Jean-Paul Agon, had given up his stock options for 2009. 17 Apr 2009
Debt summonses soared in February while wholesale trade plunged a record 8.9%, adding to the raft of dismal economic data seen so far this year. 17 Apr 2009
PC shipments declined less than expected in the first quarter, propped up by consumers' continuing interest in low-cost netbooks, IDC says. 17 Apr 2009
Ice-cream maker Milkworx said Wednesday it would move ahead with plans to issue shares to raise R4,7m as part of restructuring. 17 Apr 2009
Land Affairs Minister Lulu Xingwana says the approach used to rehabilitate Tshivhase Tea Estate in Limpopo will be replicated at other tea plantations in the other provinces. 17 Apr 2009
Global brewing giant SABMiller Plc said on Thursday, 16 April 2009, that for the 12 months to end March 2009, lager volumes were 2% ahead of the prior year and level on an organic basis, with a 1% decline in the fourth quarter. 17 Apr 2009
While the global crisis leaves scores of companies threadbare, the local T-shirt printing industry is being stretched to capacity. Election campaigning and the accompanying orders have led to booming business. 17 Apr 2009
Cape Union Mart's latest CSI (corporate social investment) campaign is encouraging the public to spread a little warmth this winter by donating old jackets at any of the brand's stores. These donations will then be distributed to the needy in those specific regions. 17 Apr 2009
Let's do Biz