• Thursday, June 20 2013
• 

• Subscribe
• Register
• Login

• BDFM Sites
  Financial Mail Summit TV Business Times

Business Day LIVE

Ramphele could help trim the ANC’s ‘absolute power’

Too long in office without a serious electoral challenge is precisely that — absolute power, 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

  

  Denel staff die in deadly assault on UN Mogadishu compound

  Denel in frantic bid on Wednesday evening to establish circumstances surrounding deaths of two employees at UN base in Somali capital

  Politics

  • Too much made of alliance politics, says Gordhan
  • Ramphele tells DA ‘to get real’

  Media

  • Relief as ANC drops Broadcasting Act revision
  • Power FM faces battle for piece of the ad pie

  Labour

  • Solidarity asks HRC to facilitate dialogue with SAA over cadet debacle
  • Review of public servants’ pay due as soon as Sadtu talks conclude

  Science & environment

  • Business calls for clarity on proposed carbon tax
  • Farm goods to go up, says FAO

  Law & constitution

  • MPs clash over time to finish controversial Legal Practice Bill
  • JSC calls for applications to fill court vacancies

  Education

  • Unbundling of University of Limpopo nearly finalised
  • Courts should ‘not have say’ in school closures, high court hears

  Health

  • Alarm raised about lack of AIDS drugs
  • Government replaces circumcision device

  Opinion

  • EDITORIAL: Poll a battle for the ‘born-frees’
  • SIPHO HLONGWANE: Have a little sympathy for Igesund and Bafana

  Columnists

  • ALLISTER SPARKS: Ramphele could help trim the ANC’s ‘absolute power’
  • SIPHO HLONGWANE: A simple test for Julius Malema
• Africa

  TOP STORY

  

  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

  African News

  • Mozambique’s Renamo threatens to paralyse vital coal railway
  • Zimbabwean civil society, human rights groups look to July 31 poll despite Mugabe
  • Mugabe seeks to postpone poll
  • Kenya dismisses concern over capital gains tax

  African Business

  • Power capacity a focus for Zambia
  • Venture capital tie-up spreads SA expertise
  • Africa needs to ‘pump local investment’ into oil to grow industry
  • Algeria probes state power boss over Alstom, General Electric deals

  African Perspectives

  • EDITORIAL: A repeat of 2008 is looming in Zimbabwe
  • Lessons for Africa from Japan and East Asia
  • How Nigeria’s welcome oil discovery became its curse
  • If you expected any different from Tambo, the joke is on you
• World

  TOP STORY

  

  US Federal Reserve to keep buying bonds at $85bn monthly pace

  No explicit indication that Fed is close to scaling back programme, despite intense market speculation to that effect

  Africa

  • Islamist rebels attack UN compound in Mogadishu
  • Zimbabwean civil society, human rights groups look to July 31 poll despite Mugabe

  Europe

  • UK’s ‘reckless bankers’ could end up in prison
  • Shareholder anonymity set to continue

  Asia-Pacific

  • No mention of Assad’s future in final communiqué on Syria
  • NEWS ANALYSIS: China launches first carbon exchange for high-emission industries

  Middle East

  • ‘Unhappy’ Afghanistan rejects US-Taliban talks
  • Rohani pledges Iran will ‘win back trust’

  Americas

  • US Federal Reserve to keep buying bonds at $85bn monthly pace
  • World Bank watching US Fed, ready to step in

  Opinion

  • ALEXANDER FRIEDMAN: West shifts to statism as China does the opposite
  • EDITORIAL: A repeat of 2008 is looming in Zimbabwe

  Columnists

  • RICHARD DOBBS: Myanmar’s growth challenge
  • SIMON LINCOLN READER: How Nigeria’s oil discovery became its curse
• Opinion

  TOP STORY

  

  Exchange controls send wrong signal to investors

  Mark Shuttleworth’s case against the constitutionality of exchange controls is important for all South Africans, writes Leon Louw

  Editorials

  • EDITORIAL: Electronic snooping: throwing stones in glass houses
  • EDITORIAL: A repeat of 2008 is looming in Zimbabwe

  Columnists

  • LEON LOUW: Exchange controls send wrong signal to investors
  • STEVEN FRIEDMAN: Malema hype is a symptom of middle-class fear

  BD Alpha

  • Myanmar’s growth challenge
  • PAOLA SUBBACHI: Central banking’s new face

  Letters

  • LETTER: A new approach to representivity
  • LETTER: Duty already exists

  Blogs

  • Are e-books good for your eyes?
  • Serena’s unusual recipe for tennis success

  Polls

  Third Umpire

  Cartoons
• Markets

  TOP STORY

  

  US Federal Reserve to keep buying bonds at $85bn monthly pace

  No explicit indication that Fed is close to scaling back programme, despite intense market speculation to that effect

  More News

  • US Federal Reserve to keep buying bonds at $85bn monthly pace
  • Global stocks, bond prices fall after Fed decision
  • Rand gains on good data

  Markets Blog

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

  JSE Today

  All Share

  40784.31

  0.00%

  same

  Top 40

  36391.61

  0.00%

  same

  Financial 15

  11117.02

  0.00%

  same

  Industrial 25

  46858.79

  0.00%

  same

  Resource 10

  46546.70

  0.00%

  same

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

  Commodities

  Gold

  1347.0850

  0.27%

  up

  Platinum

  1420.0000

  0.85%

  up

  Silver

  21.2599

  0.24%

  up

  Palladium

  689.5000

  0.07%

  up

  Brent Crude Oil

  104.870

  -1.18%

  down

  

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

  TOP STORY

  

  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

  More News

  • Consumer inflation slows more than expected
  • Fitch reaffirms SA’s borrowing credentials in global markets
  • Slower household spending growth a negative omen
  • Data show slow growth is hurting job creation

  Economic Indicators

  Petrol price (95)

  R12.47

  -73c/l

  same

  Repo rate

  5%

  0.0pp

  same

  Prime rate

  8.5%

  0.0pp

  same

  GDP (Q1 13)

  0.9%

  -1.2pp

  same

  CPI (May)

  5.6%

  -0.3pp

  same

  PPI (Apr)

  5.4%

  -0.3pp

  same

  Last updated on Jun 19

  Opinion

  • CHRIS LOGAN: Association wants to pluck cash-strapped consumers
  • NICK VAN GIESEN: Africa holds key to tackling global food crisis

  Columnists

  • STEVEN FRIEDMAN: Malema hype is a symptom of middle-class fear
  • DAVID GLEASON: High price for getting sums wrong
• Business

  TOP STORY

  

  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’

  Trade & Industry

  • Association wins court bid to supply more data on chicken tariff battle
  • ‘Chicken wars’ set to produce only losers
  • Poultry tariff hike unfair, says Argentinian ambassador

  Management

  • Ensuring they pay their dues
  • How to take responsibility for your career

  Sectors

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

  Green Business

  • Growthpoint’s ‘green’ office block in Midrand ready for occupation
  • Business calls for clarity on proposed carbon tax
  • Greening still has a long way to go

   

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

  Business Education

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

  TOP STORY

  

  Famous Brands proves way to consumers’ hearts is through stomach

  Despite tough economic climate and rivals feeling pinch, Famous Brands forges ahead with 16.8% overall franchise sale increase for quarter March to May

  More News

  • Growthpoint’s ‘green’ office block in Midrand ready for occupation
  • Jubilee takeover of Platinum Australia to proceed
  • National Empowerment Fund sweet on KwaZulu-Natal ice-cream business
  • Alexander Forbes ‘on right strategic path’

  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

  

  Fears for credit-led spending as bad debts escalate

  National Credit Regulator quarterly data show bad debts among consumers in South Africa are growing faster than the number of new accounts and of credit-active clients

  More News

  • Credit regulator warns consumers to take better care of their financial health

  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: 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

  Arts & Entertainment

  • JAZZ: A feast on offer in Johannesburg
  • ON THE STAGE: Solomon & Marion

  Travel & Food

  • TRAVEL: Liquid inspiration — three more for the road
  • TRAVEL: A new treat for train lovers, from Serbia to Montenegro in Tito’s Blue Train

  Business Education

  Gadgets & Gear

  • Preparing for a mobile workforce beyond ‘bring your own device’
  • TECHNOLOGY: Apple reveals the ‘astonishing’ new-look Mac Pro

  Books

  • BOOK REVIEW: The Last Train to Zona Verde
  • BOOK REVIEW: The Slow Fix

  Health

  • Slow-moving tai chi just what the doctor ordered in our high-speed world
  • Doctors not just savers of life but also takers

  Motoring

  • VRROOM WITH A VIEW: Humble station wagon draws attention
  • FUTURE MODELS: Stalwart stays conservative
• Sport

  TOP STORY

  

  England thrash Proteas to reach Champions Trophy final

  ‘Under pressure from the word go, we just were not good enough,’ says Proteas captain AB de Villiers

  Rugby

  • Boks plan to master breakdowns
  • Bok veterans need to step up against Samoa

  soccer

  • Safa asks Fifa to investigate graft charges
  • Ethiopia pleads guilty to fielding suspended player

  Cricket

  • England thrash Proteas to reach Champions Trophy final
  • AB de Villiers confident SA can win without Steyn

  Other Sport

  • NSA to detail 50 foiled terrorist plots, including planned NYSE attack
  • Semenya in race to qualify for Moscow

   Top Stories

  • England knock Proteas out
  • Supersport appoint Johnson as coach
  • Louw back for Springboks
  • Neymar a little on the light side, says Barca doctor
  • Kings part ways with coach
  • Nadal seeded five at Wimbledon

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.