| SUNDAY, 13 APRIL 1997
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Price war drives Mercedes into the red
THE local operation of Germany's luxury car manufacturer,
Mercedes-Benz, is likely to post a loss of about R120-million for its
1996 financial year - a R300-million turnaround from the previous
Mercedes Benz has thus become the latest victim of the continuing,
profit-sapping motor industry price war.
It follows the shock announcement last month by Automakers,
holding company of Nissan, that it had plunged to a R91-million loss
in the six months to December, after chalking up a disappointing
attributable profit of R127.8-million in the year to June.
What the banks don't want you to know
WHAT'S the biggest financial blunder you can ever make? Not
paying an extra 5% to 10% into your bond each month - without a
That's the view of Karl Posel, mathematics professor and author of
five personal finance books. Posel says more than eight million South Africans have bonds, but too
few realise the banks are milking them dry.
BT Health appears for the first time this week. In a new weekly column, PAT SIDLEY will be looking at policy changes, their pros and cons and how they will affect you. She will also look at many other aspects of the industry such as insurance, medical aids, hospitals and pharmaceuticals.
You can now interact with Business Times via our new moderated discussion forum.|
Submit your comments on the current topic
dealing with the partial privatisation of
BUSINESS TIMES POLL
Have your say by voting on this week's hot topic:
Following the announcement of the
partial privatisation of Telkom, do you
believe that it will become more
competitive and customer friendly?
Once you have voted, this page will automatically reload and the latest poll results will be displayed.
Bill Gates, Chairman/CEO of Microsoft
Corporation, visited South Africa from 3-7
March 1997. Business Times had a
one-on-one interview with Mr Gates.
Browsers were invited to submit questions
to Mr Gates which Business Times incorporated in its interview with him.|
You can now read the transcript of the Bill Gates interview online or listen to the audio.
Stock IXCHANGE is Windows software that displays graphs of
shares, unit trusts and other financial instruments. Simply
click on the logo and the relevant graph will
appear. But first you'll need to download Stock IXCHANGE Lite to use this service
Send an online birthday or postcard to friends and family anywhere in the world - instantly and at no extra cost! Choose the illustration you like, write a personal message, and your aquaintances will receive a little piece of you by e-mail. No more excuses... |