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Scare tactics obscure role of SWFs in economies
Sovereign wealth funds (SWFs) are investment mechanisms abused by mostly Arab and Asian countries to take control of strategic industries within developed economies. They should therefore be viewed with caution and regulated with homogenous global regulation to control their movements within the global market.
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Sovereign wealth funds (SWFs) are investment mechanisms abused by mostly Arab and Asian countries to take control of strategic industries within developed economies. They should therefore be viewed with caution and regulated with homogenous global regulation to control their movements within the global market.
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DA pits blacks against blacks
The Young Communist League of SA (uFasimba) is not in any way surprised at the recent exposure and nakedness of ideological inclination of the chief neo-liberal agent, the DA.
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The Young Communist League of SA (uFasimba) is not in any way surprised at the recent exposure and nakedness of ideological inclination of the chief neo-liberal agent, the DA.
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Optimum to delist as acquirors garner 67%
Optimum Coal aimed to delist from the JSE by July 6, the company said on Tuesday. The country’s sixth-largest producer of coal informed shareholders of the target date through a circular published in the media.
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Optimum Coal aimed to delist from the JSE by July 6, the company said on Tuesday. The country’s sixth-largest producer of coal informed shareholders of the target date through a circular published in the media.
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truworths
Retail sales data give fillip
Truworths International climbed the most in six weeks yesterday, leading a gain in consumer shares, after data showed South Africa’s retail sales growth accelerated to 6.8 percent in March. Truworths closed 3.04 percent higher at R83, its biggest gain since April 2. The FTSE/JSE Africa general retailers index climbed 1 percent to 89.67 points. Annual retail sales growth rose from a revised 6.7 percent a month earlier. The median estimate of economists was for annual growth of 6.6 percent. – Bloomberg
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Truworths International climbed the most in six weeks yesterday, leading a gain in consumer shares, after data showed South Africa’s retail sales growth accelerated to 6.8 percent in March. Truworths closed 3.04 percent higher at R83, its biggest gain since April 2. The FTSE/JSE Africa general retailers index climbed 1 percent to 89.67 points. Annual retail sales growth rose from a revised 6.7 percent a month earlier. The median estimate of economists was for annual growth of 6.6 percent. – Bloomberg
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Shakespeare inspires on Twitter
Ever wondered how Shakespeare would tweet if he were alive today? Well one Twitter account has taken inspiration from the author by retweeting random musings that form perfect rhyming couplets. The technique was popular in several plays and sonnets written by the playwright.
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Ever wondered how Shakespeare would tweet if he were alive today? Well one Twitter account has taken inspiration from the author by retweeting random musings that form perfect rhyming couplets. The technique was popular in several plays and sonnets written by the playwright.
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Village awaits proof of R1bn Tannous bid
VILLAGE Main Reef was waiting for confirmation on funding by the Tannous Group, which made a R1 billion bid for its Tau Lekoa mine this month, Marius Saaiman, the joint chief executive said yesterday.
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VILLAGE Main Reef was waiting for confirmation on funding by the Tannous Group, which made a R1 billion bid for its Tau Lekoa mine this month, Marius Saaiman, the joint chief executive said yesterday.
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ANC policies may dictate credit rating
The ANC’s national policy conference next month could prove a watershed for South Africa’s credit status. This emerged yesterday at the Moody’s Investors Service sub-Saharan Africa credit risk conference in Johannesburg.
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The ANC’s national policy conference next month could prove a watershed for South Africa’s credit status. This emerged yesterday at the Moody’s Investors Service sub-Saharan Africa credit risk conference in Johannesburg.
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State seeks solution to water boards’ problems
Water boards were owed debts by municipalities to the tune of about R1 billion a year, but the Water and Environmental Affairs Ministry does not believe that this is a train smash as the entities are paid about R8.8bn a year, thus the loss of income only makes up about 10 percent of the total.
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Water boards were owed debts by municipalities to the tune of about R1 billion a year, but the Water and Environmental Affairs Ministry does not believe that this is a train smash as the entities are paid about R8.8bn a year, thus the loss of income only makes up about 10 percent of the total.
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Motor producers add 509 jobs in quarter
A total of 509 new jobs were created in the motor manufacturing industry in the first quarter despite the 10 percent downgrade this month to vehicle export projections for this year to 270 000 from 300 000 units because of the economic problems in Europe.
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A total of 509 new jobs were created in the motor manufacturing industry in the first quarter despite the 10 percent downgrade this month to vehicle export projections for this year to 270 000 from 300 000 units because of the economic problems in Europe.
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Kop in crisis as Dalglish is sacked
Martin Samuel says Liverpool’s owners took a risk by sacking Kenny Dalglish, who probably deserved another season at least.
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Martin Samuel says Liverpool’s owners took a risk by sacking Kenny Dalglish, who probably deserved another season at least.
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Bulls eager to defend their lead
Morne Steyn will play his 100th match for the Bulls when they take on the Otago Highlanders this weekend.
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Morne Steyn will play his 100th match for the Bulls when they take on the Otago Highlanders this weekend.
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Maradona in line for UAE job
Diego Maradona is being considered for the vacant United Arab Emirates head coaching job.
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Diego Maradona is being considered for the vacant United Arab Emirates head coaching job.
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No apologies from Tevez
Carlos Tevez says he will not apologise to Sir Alex Ferguson for waving a mocked-up tombstone of the Manchester United boss during Manchester City’s title celebrations.
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Carlos Tevez says he will not apologise to Sir Alex Ferguson for waving a mocked-up tombstone of the Manchester United boss during Manchester City’s title celebrations.
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Ferrari surprises Giro favourites
Italy’s Androni Giocattoli team upset the big favourites for the second time this year when sprinter Roberto Ferrari scored an unexpected stage win in Montecatini Terme.
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Italy’s Androni Giocattoli team upset the big favourites for the second time this year when sprinter Roberto Ferrari scored an unexpected stage win in Montecatini Terme.
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Azarenka withdraws in Italy
Victoria Azarenka has pulled out of the Italian Open because of a shoulder injury.
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Victoria Azarenka has pulled out of the Italian Open because of a shoulder injury.
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Narine takes Knight Riders to victory
Spinner Sunil Narine finished with 4-15 as the Kolkata Knight Riders beat the Mumbai Indians by 32 runs.
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Spinner Sunil Narine finished with 4-15 as the Kolkata Knight Riders beat the Mumbai Indians by 32 runs.
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Armstrong wants doping questions to end
Lance Armstrong's cycling career is behind him. Now he says the doping questions should go away as well.
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Lance Armstrong's cycling career is behind him. Now he says the doping questions should go away as well.
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Cosmos relegated after draw
Jomo Cosmos have sealed their own fate in the Premiership with a draw against Black Leopards in Daveyton.
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Jomo Cosmos have sealed their own fate in the Premiership with a draw against Black Leopards in Daveyton.
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Aching Federer makes up for lost time
Roger Federer played through the pain to beat Carlos Berlocq and advance to the third round of the Rome Masters.
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Roger Federer played through the pain to beat Carlos Berlocq and advance to the third round of the Rome Masters.
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Hodgson names Gerrard as captain
England manager Roy Hodgson wants Steven Gerrard to “forge unity” in the team before the European Championship.
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England manager Roy Hodgson wants Steven Gerrard to “forge unity” in the team before the European Championship.
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Dalglish out as Liverpool manager
Kenny Dalglish has left as Liverpool manager after guiding the team to a disappointing eighth place in the English Premier League.
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Kenny Dalglish has left as Liverpool manager after guiding the team to a disappointing eighth place in the English Premier League.
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Arrows out to spoil Pirates party
Golden Arrows coach Muhsin Ertugral says his side will aim to emulate Queens Park Rangers' final day antics in England, when they face Orlando Pirates this week.
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Golden Arrows coach Muhsin Ertugral says his side will aim to emulate Queens Park Rangers' final day antics in England, when they face Orlando Pirates this week.
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England’s Strauss not quitting captaincy
England captain Andrew Strauss has insisted he has no desire to rid himself of the pressure of leadership despite a poor run of form with the bat.
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England captain Andrew Strauss has insisted he has no desire to rid himself of the pressure of leadership despite a poor run of form with the bat.
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Bendtner, Eriksen in Denmark Euro squad
Sunderland striker Nicklas Bendtner, Ajax midfielder Christian Eriksen and Liverpool defender Daniel Agger have been called up to Denmark's squad for the European Championship.
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Sunderland striker Nicklas Bendtner, Ajax midfielder Christian Eriksen and Liverpool defender Daniel Agger have been called up to Denmark's squad for the European Championship.
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Federer eases past Berlocq in Rome
Roger Federer braved dust storm conditions to blow past Argentine Carlos Berlocq at the Rome Masters.
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Roger Federer braved dust storm conditions to blow past Argentine Carlos Berlocq at the Rome Masters.
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Lions confident of Super Rugby status
Golden Lions Rugby Union president Kevin de Klerk says he remains optimistic over the union's participation in the Super Rugby competition.
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Golden Lions Rugby Union president Kevin de Klerk says he remains optimistic over the union's participation in the Super Rugby competition.
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Rio out of England Euro squad
Rio Ferdinand was the highest-profile casualty as England manager Roy Hodgson unveiled his squad for the European Championships.
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Rio Ferdinand was the highest-profile casualty as England manager Roy Hodgson unveiled his squad for the European Championships.
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Stormers make two changes for Waratahs
Stormers coach Allister Coetzee made two changes to his Stormers team to take on the Waratahs in Cape Town on Saturday.
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Stormers coach Allister Coetzee made two changes to his Stormers team to take on the Waratahs in Cape Town on Saturday.
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Li advances at Italian Open
Li Na moved on to the fourth round of the Rome Masters on Wednesday as third seed Agnieszka Radwanska crashed out.
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Li Na moved on to the fourth round of the Rome Masters on Wednesday as third seed Agnieszka Radwanska crashed out.
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ANC will lose vote of born-frees, warns Vavi
“If we don't stop the real crisis, then those 3 000 DA marchers will become 6 000,” said Cosatu general secretary Zwelinzima Vavi.
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“If we don't stop the real crisis, then those 3 000 DA marchers will become 6 000,” said Cosatu general secretary Zwelinzima Vavi.
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Swazi queen’s R17k a night hotel splurge
The second wife of Swazi King Mswati III has been living at an exclusive Joburg hotel for at least a month.
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The second wife of Swazi King Mswati III has been living at an exclusive Joburg hotel for at least a month.
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Yes, cops are involved in hijackings
Top officers say that the latest hijackings by blue-light thugs could not have been committed without the help of cops.
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Top officers say that the latest hijackings by blue-light thugs could not have been committed without the help of cops.
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Tatane case continues
The murder and assault trial of seven Free State policemen is set to continue in the Ficksburg Regional Court today.
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The murder and assault trial of seven Free State policemen is set to continue in the Ficksburg Regional Court today.
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Limpopo education ruling is due
The Pretoria High Court is expected to deliver judgment on an urgent application to force the minister of basic education to deliver text books to Limpopo's public schools.
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The Pretoria High Court is expected to deliver judgment on an urgent application to force the minister of basic education to deliver text books to Limpopo's public schools.
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Soweto rape suspect in the dock
A 13-year-old boy allegedly involved in the gang-rape of a Soweto teenager is set to appear in the Roodepoort Magistrate's Court today.
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A 13-year-old boy allegedly involved in the gang-rape of a Soweto teenager is set to appear in the Roodepoort Magistrate's Court today.
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Hollande’s team full of moderates
French President Francois Hollande has named Pierre Moscovici as finance minister and Laurent Fabius as foreign minister.
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French President Francois Hollande has named Pierre Moscovici as finance minister and Laurent Fabius as foreign minister.
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Assad: Sow chaos and suffer
Syrian President Bashar al-Assad has warned that countries trying to “sow chaos” in Syria could be infected with it themselves.
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Syrian President Bashar al-Assad has warned that countries trying to “sow chaos” in Syria could be infected with it themselves.
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Anti-Putin protesters detained
Russian riot police have detained 35 demonstrators after breaking up an Occupy-style protest near a Moscow park.
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Russian riot police have detained 35 demonstrators after breaking up an Occupy-style protest near a Moscow park.
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Judge will lead Greece until polls
Greece has put a senior judge in charge of an emergency government to lead the nation to new elections on June 17.
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Greece has put a senior judge in charge of an emergency government to lead the nation to new elections on June 17.
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Mexican generals may have gang links
Investigators are questioning Mexico's former deputy defence minister and a top army general for suspected links to organised crime.
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Investigators are questioning Mexico's former deputy defence minister and a top army general for suspected links to organised crime.
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Al-Islam refuses defence lawyer
Saif al-Islam has refused to appoint a Libyan lawyer to defend him against accusations of murder and torture during a crackdown on a revolt against his father Muammar Gaddafi’s rule.
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Saif al-Islam has refused to appoint a Libyan lawyer to defend him against accusations of murder and torture during a crackdown on a revolt against his father Muammar Gaddafi’s rule.
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Gomes hopes to return and rule
Guinea-Bissau's former prime minister and presidential frontrunner Carlos Gomes Junior says he hopes to return to run the country once democracy has been restored.
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Guinea-Bissau's former prime minister and presidential frontrunner Carlos Gomes Junior says he hopes to return to run the country once democracy has been restored.
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Rwandan rebels strike in DRC
The United Nations says Rwandan rebels have killed 50 civilians this month alone in the volatile eastern region of the Democratic Republic of Congo.
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The United Nations says Rwandan rebels have killed 50 civilians this month alone in the volatile eastern region of the Democratic Republic of Congo.
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Seven killed in Libyan desert clash
Seven people have been killed in clashes between armed nomads and residents of a Libyan town on the border with Algeria.
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Seven people have been killed in clashes between armed nomads and residents of a Libyan town on the border with Algeria.
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Cairo’s military ruler vows ‘model polls’
Egypt’s military ruler has pledged that next week's presidential election will be free and fair.
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Egypt’s military ruler has pledged that next week's presidential election will be free and fair.
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Rapist given nine life sentences
The Ladysmith High Court has sentenced the man dubbed the “Wembezi serial rapist” to nine life terms.
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The Ladysmith High Court has sentenced the man dubbed the “Wembezi serial rapist” to nine life terms.
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Wife killed over poison attempt - witness
A policewoman has told the Pretoria High Court that Albert van Vuuren killed his wife because she wanted to poison him.
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A policewoman has told the Pretoria High Court that Albert van Vuuren killed his wife because she wanted to poison him.
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Couple wounded during robbery
KwaZulu-Natal police have arrested two men accused of breaking into a Hibberdene couple’s home.
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KwaZulu-Natal police have arrested two men accused of breaking into a Hibberdene couple’s home.
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Subway crash injures 33 in Brazil
A Sao Paulo subway train has crashed into the back of another on one of the busiest lines in the city.
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A Sao Paulo subway train has crashed into the back of another on one of the busiest lines in the city.
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No super tax on mines
Despite extensive research into the possibility, South Africa will not follow Australia in implementing a mining super tax, Mineral Resources Minister Susan Shabangu says.Ten spyte van ‘n langtermyn ondersoek gaan die Suid-Afrikaanse regering nie superbelastings op myne plaas nie.
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Despite extensive research into the possibility, South Africa will not follow Australia in implementing a mining super tax, Mineral Resources Minister Susan Shabangu says.Ten spyte van ‘n langtermyn ondersoek gaan die Suid-Afrikaanse regering nie superbelastings op myne plaas nie.
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Police grab assets of rhino accused
Assets belonging to a Limpopo game farmer were attached by the National Prosecuting Authority (NPA), the Hawks and South African Police Service (SAPS).Bates van ‘n Limpopo boer is op beslag gelê deur die Suid-Afrikaanse polisie. Die boer was een van tien verdagtes wat in 2010 in hegtenis geneem is vir misdade wat verband hou met onwettige renosterhorings.
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Assets belonging to a Limpopo game farmer were attached by the National Prosecuting Authority (NPA), the Hawks and South African Police Service (SAPS).Bates van ‘n Limpopo boer is op beslag gelê deur die Suid-Afrikaanse polisie. Die boer was een van tien verdagtes wat in 2010 in hegtenis geneem is vir misdade wat verband hou met onwettige renosterhorings.
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SANRAL appoints Koos Smit
The board of the South African National Roads Agency Limited (SANRAL) announced on Wednesday that Koos Smit has been appointed as acting Chief Executive.Koos Smit, die uitvoerende hoof van SANRAL se ingenieursdepartement, is aangewys as die maatskappy se nuwe waarnemende bestuurshoof.
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The board of the South African National Roads Agency Limited (SANRAL) announced on Wednesday that Koos Smit has been appointed as acting Chief Executive.Koos Smit, die uitvoerende hoof van SANRAL se ingenieursdepartement, is aangewys as die maatskappy se nuwe waarnemende bestuurshoof.
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Don’t complicate things says SARS
The South African Revenue Service (SARS) says it is tightening the screws on enterprises that are using increasingly sophisticated financial schemes to evade tax obligations.Die belastinggaarder sê hy gaan stappe doen om diegene wat ingewikkelde planne maak om belasting te ontduik aan die pen te laat ry.
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The South African Revenue Service (SARS) says it is tightening the screws on enterprises that are using increasingly sophisticated financial schemes to evade tax obligations.Die belastinggaarder sê hy gaan stappe doen om diegene wat ingewikkelde planne maak om belasting te ontduik aan die pen te laat ry.
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