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Forbes Rich List 2011: Top 20 richest people in the World

A day of  evaluation! This time we value the Bosses for their wealth and power. As a result, we now have the list of the top 20 richest people of the world. Forbes Magazine, known for their excellence in evaluation the richest among the rich has brought about some 1000 members in their list of rich people in their latest ... Read More »

Walmart-Massmart merger a threat

In a hard-hitting submission to the Competition Tribunal three government departments have criticised Wal-Mart and Massmart for their unwillingness to make any binding commitments that would address public interest concerns about the impact of the merger on local procurement, food security and broad-based black economic empowerment (BEE). “A merger of the size of the proposed Wal-Mart/Massmart transaction, and with the ... Read More »

US Growth Estimate Lowered

In a surprise and unexpected move the US Department of Commerce has cut its expected 4th-quarter growth from 3.2% to 2.8%. While the government is expecting a lower growth, analysts were having a different opinion. They estimated the growth to be 3.3%. Economic growth for the whole of 2010 was also revised down slightly, from 2.9% to 2.8%. As well ... Read More »

WikiLeaks: Saudis running out of oil

The latest startling revelation to come via documents leaked to Julian Assange’s muckraking website and published by The Guardian should give pause to every suburban SUV-driver. U.S. officials think Saudi Arabia is overpromising on its capacity to supply oil to a fuel-thirsty world. That sets up a scenario, the documents show, whereby the Saudis could dramatically underdeliver on output by ... Read More »