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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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‘Carroll gives England options’
New England boss Roy Hodgson says Andy Carroll adds a new dimension to the England attack.
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New England boss Roy Hodgson says Andy Carroll adds a new dimension to the England attack.
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Recovering Yuvraj plotting return
India's World Cup hero Yuvraj Singh hopes to return to cricket in “three to four months” after recovering from a cancerous tumour.
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India's World Cup hero Yuvraj Singh hopes to return to cricket in “three to four months” after recovering from a cancerous tumour.
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Hodgson: Time is right for The Ox
Roy Hodgson is convinced that Alex Oxlade-Chamberlain's selection for will not mirror Theo Walcott's ill-fated World Cup call-up.
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Roy Hodgson is convinced that Alex Oxlade-Chamberlain's selection for will not mirror Theo Walcott's ill-fated World Cup call-up.
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Blues, Bayern in unlikely bid for glory
Not many would have bet on Chelsea versus Bayern Munich Champions League final.
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Not many would have bet on Chelsea versus Bayern Munich Champions League final.
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Barton accepts violent conduct charge
Joey Barton has accepted one FA charge against him for violent conduct, but he has rejected another one.
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Joey Barton has accepted one FA charge against him for violent conduct, but he has rejected another one.
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Dix pulls out of Chambers showdown
Walter Dix will miss the showdown against British sprinter Dwain Chambers in England because of a tight hamstring.
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Walter Dix will miss the showdown against British sprinter Dwain Chambers in England because of a tight hamstring.
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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.
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Martin Samuel says Liverpool’s owners took a risk by sacking Kenny Dalglish, who probably deserved another season.
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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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R100m battle over roads
Ratepayers could be saddled with another hefty bill of about R100 million, over who should pay for roads in Cornubia, Durban.
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Ratepayers could be saddled with another hefty bill of about R100 million, over who should pay for roads in Cornubia, Durban.
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Blue-light driver’s actions ‘reckless’
Judgement in the case involving the VIP Protection member who was charged for an accident invovling six, is expected soon.
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Judgement in the case involving the VIP Protection member who was charged for an accident invovling six, is expected soon.
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Top cop evades the sheriff
Bid to serve documents on Lieutenant-General Richard Mdluli fails twice, says legal rights group.
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Bid to serve documents on Lieutenant-General Richard Mdluli fails twice, says legal rights group.
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Briton seeks sex change at 78
A 78-year-old Briton might become the oldest person ever to have a sex change.
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A 78-year-old Briton might become the oldest person ever to have a sex change.
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Chen to get passport ‘within 15 days’
Blind activist Chen Guangcheng said China had agreed to issue him a passport within 15 days, allowing him to go to the US.
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Blind activist Chen Guangcheng said China had agreed to issue him a passport within 15 days, allowing him to go to the US.
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Oz warns of ‘bespoke’ online child sex abuse
Australian police warned that paedophiles were using sites like Skype to order “bespoke” child sex crimes for real-time viewing.
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Australian police warned that paedophiles were using sites like Skype to order “bespoke” child sex crimes for real-time viewing.
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Victims ‘killed as offering to Saint Death’
Mexican prosecutors have formally charged eight people in the grisly cult slayings of two 10-year-old boys and a 55-year-old woman.
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Mexican prosecutors have formally charged eight people in the grisly cult slayings of two 10-year-old boys and a 55-year-old woman.
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Scale model of Osama hideout unveiled
US intelligence officials have unveiled a once top secret scale model of Osama bin Laden's hideout in Pakistan.
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US intelligence officials have unveiled a once top secret scale model of Osama bin Laden's hideout in Pakistan.
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Syria’s Assad ‘doomed’ - Israel’s Barak
I'm quite frustrated for the slowness of its collapse. I believe that he (Assad) is doomed anyhow, says Israeli Defence Minister Ehud Barak.
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I'm quite frustrated for the slowness of its collapse. I believe that he (Assad) is doomed anyhow, says Israeli Defence Minister Ehud Barak.
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Mladic ‘masterminded ethnic cleansing’
Former Bosnian Serb army commander Ratko Mladic went on trial accused of carrying out Europe's worst massacre since WWII.
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Former Bosnian Serb army commander Ratko Mladic went on trial accused of carrying out Europe's worst massacre since WWII.
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New Haiti cabinet inaugurated
A new Haitian government lead by PM Laurent Lamothe officially began its duties.
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A new Haitian government lead by PM Laurent Lamothe officially began its duties.
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‘Black Madam’ to stand trial for buttock injections
A Philadelphia woman has been ordered to stand trial on allegations she administered illegal buttock-injections.
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A Philadelphia woman has been ordered to stand trial on allegations she administered illegal buttock-injections.
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Battle over Raj’s estate intensifies
A legal battle over the alleged R60 million estate of Amichand Rajbansi's continues to fly between his daughters and his wife.
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A legal battle over the alleged R60 million estate of Amichand Rajbansi's continues to fly between his daughters and his wife.
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Mdluli: ‘officers threatened’
An explosive court document seems to indicate that officers who were investigating Richard Mdluli had been threatened.
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An explosive court document seems to indicate that officers who were investigating Richard Mdluli had been threatened.
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Taxi troubles: angry residents block R55
Talks are to be held between the Tshwane Metro Council and taxi owners operating in Olievenhoutbosch, Pretoria.
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Talks are to be held between the Tshwane Metro Council and taxi owners operating in Olievenhoutbosch, Pretoria.
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ANCWL lambastes Cosatu’s racism, sexism
Women's league president Angie Motshekga has criticised the insults of Cosatu members towards Helen Zille and Lindiwe Mazibuko.
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Women's league president Angie Motshekga has criticised the insults of Cosatu members towards Helen Zille and Lindiwe Mazibuko.
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No need for alarm over Mdluli - Zuma
There was "concern" over recent negative publicity related to crime intelligence, President Jacob Zuma said.
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There was "concern" over recent negative publicity related to crime intelligence, President Jacob Zuma said.
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Man allegedly rapes teen he met online
A 13-year-old girl was raped, allegedly by a 45-year-old man she met on Twitter, according to a report.
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A 13-year-old girl was raped, allegedly by a 45-year-old man she met on Twitter, according to a report.
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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.”
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“If we don't stop the real crisis, then those 3 000 DA marchers will become 6 000.”
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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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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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