Cabinet approves Great Inga treaty

THE cabinet approved a treaty with the Democratic Republic of Congo to begin development of the Grand Inga hydroelectric project, which will cost about $100-billion, generate 40000MW and supply about 2500MW to SA.

THE cabinet approved a treaty with the Democratic Republic of Congo to begin development of the Grand Inga hydroelectric project, which will cost about $100-billion, generate 40000MW and supply about 2500MW to SA.

ITALTILE lifted trading profit 23% to R751-million in the year to June. The tiles and sanitaryware group declared a final cash dividend of 10c a share, bringing the total dividend for the year to 19c, up 19% from a year ago.

EDCON'S loss narrowed to R499-million in its first quarter as more shoppers visited revamped Edgars stores. The largest local clothing retailer said talks were under way with lenders about boosting credit to customers.

TRUWORTHS International maintained full-year profit and boosted sales even though rising unemployment curbed consumer spending. The clothing chain lifted sales 7% to R10.5-billion. The share had its biggest rise in five years.

MIDDLE-class households in 11 leading sub-Saharan African economies, excluding South Africa, will balloon to 40million by 2030, as the benefits of growth are more inclusively distributed, according to Standard Bank .