• Wednesday, May 22 2013
• 

• Subscribe
• Register
• Login

• BDFM Sites
  Financial Mail Summit TV Business Times

Business Day LIVE

Need for ‘economic Codesa’ is now
greater than ever

An 'economic Codesa' is urgently needed if economy is to be rescued from wave of unrest, writes Allister Sparks

• Tools & Services
  Blogs Calculators Multimedia Business Times Seminars Virtual Books Education
• In Depth
  Accenture Innovation Index Awards Brics Budget 2013 Green Business Insights: Listed Property Sector

• Home
• National

  TOP STORY

  

  Oliphant to engage union leaders on collective bargaining issues

  Labour Minister Mildred Oliphant to host indaba on the future of collective bargaining in effort to achieve ‘labour market stability and peace’

  Politics

  • Claims of improved services decried by opposition
  • ANC ‘sidelines’ Cosatu in bid to rescue ailing unions

  Media

  • SABC presenter Mbuli hailed as patriot and ‘zealous newshound’
  • Dawes leaving Mail & Guardian for Indian paper

  Labour

  • Bank forecasts higher 2013 wage settlements
  • ‘Incredibly steep’ NUM demands shock sector

  Science & environment

  • DA warns of acid mine drainage in three more regions
  • Kirstenbosch strikes gold again at Chelsea

  Law & constitution

  • Black lawyer urges ‘excluded colleagues’ to ‘act against racism’
  • Maritime law’s little closed shop of ‘racial horrors’

  Education

  • Report highlights keys to maths skills in young children
  • Equal Education decries delays in norms and standards for schools

  Health

  • Firms are ‘ill prepared’ for malaria risks on the continent
  • Gauteng hospitals to get waste-generated backup power supply

  Opinion

  • EDITORIAL: State media influence grows
  • EDITORIAL: Ethics needed in word and in deed

  Columnists

  • No action against terror cells in South Africa
  • Tinkering with labour law no solution to conflict
• Africa

  TOP STORY

  

  Mugabe signs Zimbabwe constitution into law

  New constitution clips powers of president and imposes a two-term limit. However, it does not apply retroactively so Mugabe could extend his 33 years in power by another decade

  African News

  • NEWS ANALYSIS: Top lawyer risks paying high price fighting for human rights
  • Impoverished Malawi sells presidential jet for $15m
  • Nigeria asks Niger for help against Islamist insurgents
  • Obama’s African itinerary questioned in Kenya
  • Zimbabwe’s plea for poll cash must go to Sadc, says Gordhan

  African Business

  • Zimbabwe bourse to hold IPO by year-end
  • Western Cape ventures into Africa ICT incubation hubs
  • China vice-premier set for Harare talks
  • Serviced offices in Africa ‘among dearest in world’
  • Mines chamber takes on Zimbabwean government on marketing of minerals

  African Perspectives

  • Nkrumah’s dream of African unity unfulfilled 50 years later
  • Africans march upward to economic purgatory
  • Can Africa’s lions match Asia’s tigers?
  • How Africa can deliver on its promise
  • Are good values good for business?
• World

  TOP STORY

  

  Bernanke offers no hint of pullback in Fed stimulus

  US Federal Reserve needs to see further signs of traction before taking its foot off the gas, Fed chairman Ben Bernanke says

  Africa

  • Mugabe signs Zimbabwe constitution into law
  • NEWS ANALYSIS: Top lawyer risks paying high price fighting for human rights

  Europe

  • European leaders tackle tax avoidance by large companies
  • Hague warns of increased backing for Assad

  Asia-Pacific

  • Foreign banks battle to crack tough Russian market
  • Bank of Japan targets bonds

  Middle East

  • Hague warns of increased backing for Assad
  • Security crisis deepens in Iraq

  Americas

  • Bernanke offers no hint of pullback in Fed stimulus
  • US tax official uses Fifth Amendment

  Opinion

  • FINANCIAL TIMES: Rethinking the ‘war on drugs’
  • What is your company’s foreign policy?

  Columnists

  • Africans march upward to economic purgatory
  • Nkrumah’s dream of African unity unfulfilled 50 years later
• Opinion

  TOP STORY

  

  EDITORIAL: African Union should let the sunshine in

  The African Union is undoubtedly getting older but is it growing any wiser?

  Editorials

  • EDITORIAL: African Union should let the sunshine in
  • EDITORIAL: State media influence grows

  Columnists

  • No action against terror cells in South Africa
  • Cheer up, the rand could be even worse than it is

  BD Alpha

  • Barber’s approach is not solving economic malaise

  Letters

  • LETTER: Cabinet complicit in Gupta saga
  • LETTER: Descent into anarchy

  Blogs

  • Toyota’s new promotion: fancy that!
  • Jolie’s preventive mastectomy opens a medical Pandora’s box

  Polls

  Third Umpire

  Cartoons
• Markets

  TOP STORY

  

  Global shares rise after Bernanke signals Fed will keep stimulus intact

  Federal Reserve chairman Ben Bernanke says monetary policy is still providing significant benefits and prematurely tightening it will carry substantial risks

  More News

  • Global shares rise after Bernanke signals Fed will keep stimulus intact
  • JSE ends flat despite volatile day
  • Rand recovers on consumer inflation figure

  Markets Blog

  • Spanish government between a rock and a hard place
  • Stricter rules needed to support growth of African bourses

  JSE Today

  All Share

  41836.02

  0.05%

  up

  Top 40

  37309.67

  0.02%

  up

  Financial 15

  11971.78

  -0.24%

  down

  Industrial 25

  47413.26

  -0.51%

  down

  Resource 10

  47611.41

  1.30%

  up

  All data is delayed by 15 min.
  Data supplied by I-Net Bridge

  Commodities

  Gold

  1365.7550

  -0.60%

  down

  Platinum

  1467.5000

  0.72%

  up

  Silver

  22.2835

  -0.74%

  down

  Palladium

  745.5000

  0.74%

  up

  Brent Crude Oil

  102.410

  -0.19%

  down

  

  All data is delayed by 15 min.
  Data supplied by I-Net Bridge
• Economy

  TOP STORY

  

  Higher-than-expected consumer inflation dashes rate cut hope

  Marginally higher-than-expected consumer price index for April of 5.9% coupled with the weaker rand bodes ill for an interest rate cut

  More News

  • All eyes on Bank after rand falls to a four-year low vs dollar
  • FW de Klerk takes swipe at ‘prophets of gloom’
  • ‘Urgent’ for SA to project positive story about its economy
  • Fall in leading indicator shows economy under pressure

  Economic Indicators

  Petrol price (95)

  R12.47

  -73c/l

  same

  Repo rate

  5%

  0.0pp

  same

  Prime rate

  8.5%

  0.0pp

  same

  GDP (Q4 12)

  2.1%

  0.9pp

  same

  CPI (April)

  5.9%

  0pp

  same

  PPI (Mar)

  5.7%

  0.3pp

  same

  Last updated on May 22

  Opinion

  • EDITORIAL: CEOs swell the ranks of the jobless
  • Empowerment: opening doors to black business

  Columnists

  • Need for ‘economic Codesa’ is now greater than ever
  • Cheer up, the rand could be even worse than it is
• Business

  TOP STORY

  

  Appeal to give new law on fisheries more time

  Inconsistencies, omissions, obtuse language and weakening of existing legislation pepper Minister Tina Joemat-Pettersson’s proposed amendments

  Trade & Industry

  • Severe lack of supply chain skills ‘hindering trade for SA’
  • Meat group cries foul over poultry body’s secret figures
  • Clucking in chicken coop as import row hots up

  Management

  • Phaswana appointed as co-chairman at Mondi
  • How to get the leadership that we desire

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

  Green Business

  • SA’s green jobs: how are they growing?
  • ASK THE EXPERT: Greening your suppliers
  • Gauteng hospitals to get waste-generated backup power supply

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism

  Business Education

  • Course Directory
  • Seminars
  • Virtual Books
  • Online Courses
• Companies

  TOP STORY

  

  Michael Jordaan to step down as FNB CEO

  Michael Jordaan to step down as First National Bank CEO at the end of this year after nearly a decade at the helm

  More News

  • Mr Price reports sharply higher earnings, tighter credit control
  • Jubilee weighs offer to toll-treat platinum-bearing material
  • Mediclinic reports R740m loss for year
  • Massmart sharpens focus on back of rising sales

  Sectors

  • Energy
  • Financial Services
  • Healthcare
  • Industrials
  • Land & Agriculture
  • Media & Advertising

  Business Education

  • Course Directory
  • Seminars
  • Virtual Books
  • Online Courses

   

  • Mining
  • Property
  • Retail & Consumer
  • Telecoms & Technology
  • Transport & Tourism
• Personal Finance

  TOP STORY

  

  Absa says miscalculated interest on car loan was ‘isolated error’

  South Africa’s largest retail bank overcharges customer for almost two years, by mistake

  More News

  • Retirement dream need not be a nightmare

  Columnists

  • Fame & Fortune: Oh Schucks ... all those rugby bucks
  • Taxes done with a click of a mouse

  CALCULATORS

  • Tax calculator
  • Travel calculator
  • Car finance calculator
  • Personal loan calculator
  • Home loan calculator
  • Investment returns calculator

  Quick Links

  • Business Education
  • Virtual Courses
  • Seminars

  In Depth

  • Medium-term budget 2012
  • Insights: Listed Property Sector
• Life

  TOP STORY

  

  VRROOM WITH A VIEW: A full-on Toyota 4x4 in sheep’s clothing

  The new RAV4 can go where other 4x4s can go and at a very decent price indeed, writes Alexander Parker

  Arts & Entertainment

  • JAZZ: Braamfontein a good bet for live jazz revival
  • ON THE STAGE: Hats Off

  Travel & Food

  • A new paradise found — and with tea

  Business Education

  Gadgets & Gear

  • TECHNOLOGY: New gadgets not required at the Google jamboree
  • The antisocial network is not good for the soul

  Books

  • Putting a much-needed smile into S&M
  • BOOK REVIEW: The Stuff You Can’t Bottle

  Health

  • Cancer immunotherapy medicines could rake in $35bn a year
  • Veggies: fresh versus frozen

  Motoring

  • VRROOM WITH A VIEW: A full-on Toyota 4x4 in sheep’s clothing
  • LAUNCH NEWS: Is this model a Mini too far?
• Sport

  TOP STORY

  

  Golf bodies ban anchoring of putters

  Golf’s governing bodies announced on Tuesday that they will ban the anchoring of putters from 2016, but this could lead to a split among the professional ranks

  Rugby

  • Watts has chance to shine for Cheetahs in Port Elizabeth
  • Kings eye Cheetahs to avoid relegation battle

  soccer

  • Dortmund shows how to beat the odds
  • Hunt could make history with cup win

  Cricket

  • Titans take a calculated gamble with Walter
  • Court calls for India cricket probe to wrap up

  Other Sport

  • Golf bodies ban anchoring of putters
  • Matsuyama impatient to test skills on PGA Tour

   Top Stories

  • Garcia’s fried chicken jibe ‘hurtful’, says Tiger
  • There should be ramifications for referees, says Baxter
  • Springboks call up Cheetahs trio
  • Dortmund’s Goetze out of Champions League final
  • Semenya excluded from Sascoc's funding
  • Injuries force multiple changes for Stormers

BDFM Publishers (Pty) Ltd disclaims all liability for any loss, damage, injury or expense however caused, arising from the use of or reliance upon, in any manner, the information provided through this service and does not warrant the truth, accuracy or completeness of the information provided.