African News
Islamist rebels attack UN compound in Mogadishu
Denel staff reported killed as Islamist militants launch deadly assault on UN compound, dealing blow to fragile security gains
Economy
Rand surges as current account deficit narrows unexpectedly
Local currency gains almost 10c against dollar as current account deficit narrows in first quarter, though economists say it is still too big and rand remains vulnerable
Economy
Consumer inflation slows more than expected
CPI comes in at 5.6% in May, but economists say this is unlikely to persist given the weakness in the rand and an expected sharp rise in fuel prices in July
Retail & Consumer
Famous Brands flags rise in first-quarter sales
Sales at franchises rose 16.8% in first quarter, Famous Brands says in trading update, with strong growth seen in rest of Africa and ‘gorilla brands’
Economy
Slower household spending growth a negative omen
Reserve Bank quarterly bulletin shows household spending growth slowed slightly in first quarter, though growth in overall domestic expenditure accelerated
Labour
Review of public servants’ pay due as soon as Sadtu talks conclude
President Jacob Zuma on verge of signing proclamation to set up commission to investigate public servants’ pay and conditions of service, with focus on teachers
Americas
World Bank watching US Federal Reserve, ready to step in
Bank wary of spillover effects on developing countries if US Federal Reserve slows its bond-buying stimulus programme, says it will provide affordable capital
National
Bizos optimistic SA’s ‘centre will hold’
Fifty years after Rivonia Trial, George Bizos says things do sometimes fall apart, but strong constitution and fearless communication system will pull SA through
The jobs chicken comes home to roost after Marikana
Buried in the latest jobs data are numbers that tell a story about the failure of leadership and its dire consequences, writes Ray HartleyColumnists
Julius Malema has no support among the poor and no sense of how to speak for people at the grass-roots, writes Steven Friedman
Malema hype is a symptom of middle-class fear
Columnists
Simon Lincoln Reader: Whoever coined the phrase ‘resources curse’ was probably staring at Nigeria
How Nigeria’s oil discovery became its curse
Africa
Mugabe seeks to postpone poll
Zimbabwean President Robert Mugabe bows to pressure, asks top court to delay poll by two weeks, though critics doubt it will be enough time to usher in reforms
National
Denel lands component manufacturing contract for Airbus Military aircraft
State-owned arms manufacturer to assemble structural components for A400M military transport aircraft, in move expected to support local industry
Business
State companies may have to use pension funds to fund investment, says Gigaba
Public Enterprises Minister Malusi Gigaba says state-owned companies need new ‘resource mobilisation’ strategies as ‘funding from financial markets has shrunk’
Politics
Prominent IFP members join ANC
Inkatha Freedom Party speech writer Roman Liptak, health spokeswoman Usha Roopnarian, former youth leader Pat Lebenya-Ntanzi defect to ANC
Labour
Solidarity asks HRC to facilitate dialogue with SAA over cadet debacle
Trade union wants Human Rights Commission to facilitate meeting over discriminatory training programme
Myanmar’s growth challenge
Myanmar needs investment in a variety of sectors beyond energy and mining, and a significant boost in productivity, write Martin N Baily and Richard DobbsEurope
UK’s ‘reckless bankers’ could end up in prison
Bankers guilty of misconduct may be jailed and lose bonuses if recommendations on how to clean up London’s financial sector become law
African News
Kenya dismisses concern over capital gains tax
Kenya tries to allay investors’ concern about a planned review of capital gains tax, pointing out it is still too early to know which asset classes will be affected
Middle East
‘Unhappy’ Afghanistan rejects US-Taliban talks
Afghan government, upset that Taliban has opened an office in Doha, distances itself from US-Taliban peace talks and suspends troop negotiations
Politics
Ramphele tells DA ‘to get real’
Dr Mamphela Ramphele says the DA just does not understand that the scars of racism have not entirely healed
African News
Mozambique’s Renamo threatens to paralyse vital coal railway
Party warns it will hinder movement of trains along Sena line, the only railway line out of Mozambique’s coalfields, ‘for as long as it takes’ in a bid to hurt the government
African Business
Africa needs to ‘pump local investment’ into oil to grow industry
Countries need to develop local skills, boost local investment, and devote more capital to infrastructure to expand oil and gas industry, says PwC
Politics
Too much made of alliance politics, says Gordhan
Finance Minister Pravin Gordhan tells Business Day TV launch that tripartite alliance dynamics do not dominate policy making
African News
AU head invokes rule of law to back Mugabe
AU breaks ranks with Sadc’s hardline stance against President Robert Mugabe’s elections push
Cartoons
Health
Slow-moving tai chi just what the doctor ordered in our high-speed world
In a world that is all about speed, greed and instant gratification, the ancient art of tai chi can be the ‘antidote that returns us to balanced health’
Motoring
VRROOM WITH A VIEW: Humble station wagon draws attention
Unlike in Europe, there is a dearth of these family-friendly cars on South Africa’s roads, writes Alexander Parker
National
- Solidarity asks HRC to facilitate dialogue with SAA over cadet debacle
- Launch of BusinessDay TV
- Prominent IFP members join ANC
- Denel lands component manufacturing contract for Airbus Military aircraft
- Bizos optimistic SA’s ‘centre will hold’
World
- UK’s ‘reckless bankers’ could end up in prison
- World Bank watching US Fed, ready to step in
- ‘Unhappy’ Afghanistan rejects US-Taliban talks
- H&M posts drop in second-quarter earnings
- Assange unlikely to leave embassy even if Sweden drops sexual assault case
Companies
- State companies may have to use pension funds to fund investment, says Gigaba
- Alexander Forbes ‘on right strategic path’
- Famous Brands flags rise in first-quarter sales
- H&M posts drop in second-quarter earnings
- Rockwell CEO says company has turned the corner
Personal Finance
- Fears for credit-led spending as bad debts escalate
- Credit regulator warns consumers to take better care of their financial health
- The attraction of the alpha fund
- Retirement reforms ‘will take time to conclude’
- A yen for branded clothing and BMWs
Business
Markets
- Rand gains on good data
- JSE weakens despite upbeat CPI, current account data
- Better than expected news on inflation, current account boosts rand
- Gold holds steady ahead of Fed policy statement
- Oil gains on lower US stockpile, all eyes on Fed
Economy
- Slower household spending growth a negative omen
- Rand surges as current account deficit narrows unexpectedly
- Consumer inflation slows more than expected
- Wealth ‘created twice as fast’ in developing regions
- NEWS COMMENTARY: The jobs chicken comes home to roost after Marikana
Life
- Slow-moving tai chi just what the doctor ordered in our high-speed world
- Brain race hots up with South Africa in lead
- TECHNO FILE: What’s not online cannot hurt you
- VRROOM WITH A VIEW: Humble station wagon draws attention
- Preparing for a mobile workforce beyond ‘bring your own device’
Sport
- Rose’s US Open win will spur on English prodigies
- Tahiti coach proud to take part in major tournament
- Semenya in race to qualify for Moscow
- Clarke still on injury list but vows to be fit for Ashes
- NSA to detail 50 foiled terrorist plots, including planned NYSE attack
Multimedia
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The Third Umpire
Iranian president-elect Hassan Rohani. He is already saying the right things about making his country’s nuclear programme more transparent and wanting to improve relations with neighbours and the wider world.
DA parliamentary leader Lindiwe Mazibuko, for saying of Jacob Zuma that if he wants respect without earning it, he has chosen the wrong job, and he “seems to aspire to be a monarch”. Never truer words spoken in jest.
UK Prime Minister David Cameron. Saying he “never comments on security” issues in response to reports that the UK spied on our officials in 2009 is as opaque and unhelpful as anything offered by our own government.
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