Labour
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’
Americas
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
Economy
Bank forecasts higher 2013 wage settlements
NUM plans to slap coal, gold sector employers with pay hike demands of up 60% for entry-level mineworkers
National
Radebe insists Zuma, Cabinet ‘knew nothing’ of illegal Waterkloof landing
Justice and Constitutional Development Minister Jeff Radebe says only ‘rogue officials’ were responsible for breach of national security
Economy
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
Transport & Tourism
City of Cape Town awards Volvo R180m bus supply contract
Golden Arrow vows to persist with court bid to halt further rollout of the MyCiTi transport system
African News
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 term by another decade
National
DA wants curb to Zuma’s powers over prosecutors and investigators
DA calls for end to President Jacob Zuma’s unfettered power to appoint head of Special Investigating Unit and national head of prosecutions
Name-dropping is corruption and should be punished
It is illegal to drop names in the way names were allegedly dropped to grant unauthorised landing permission to the Gupta aircraft, writes Paul HoffmanColumnists
Zuma has the right to choose his friends but, just as certain names can suggest approval, others might invite disapprobation, writes Z Pallo Jordan
Guptagate a serious blow to Zuma’s credibility
Columnists
Iqbal Survé’s secrecy on his consortium’s purchase of Independent News & Media is souring his arrival in the news industry, writes Anton Harber
Survé must come clean on funding and owners
Financial Services
Michael Jordaan to step down as First National Bank CEO
Jordaan will step down as First National Bank CEO at the end of this year after nearly a decade at the helm
Europe
European leaders tackle tax avoidance by large companies
Britain, France, Germany call for stricter rules to stop companies aggressively avoiding taxes in austerity-bitten Europe
National
Free housing grants will remain in SA, says Sexwale
Human Settlements Minister Tokyo Sexwale says such grants are driven by the ‘triple evils’ of unemployment, poverty and inequity
Business
‘Bold paradigm shift’ needed to ensure special economic zones succeed
Centre for Development and Enterprise says special economic zones must be ‘special’ to offer investors ‘a better value proposition’
National
Failure to collect toll fees ‘will hurt infrastructure growth’
Transport minister says non-collection of toll fees could affect Sanral’s ability to raise capital for infrastructure development
Questions raised on Google’s offering to countries’ fiscus
Governments, including SA’s, have vowed to crack down on global tech firms that shift their profits to tax havens, writes Stuart ThomasHealthcare
Mediclinic reports R740m loss for year
Mediclinic International posts R740m loss, knocked by series of one-off items, including refinancing of Swiss debt and buyout of interests in its Dubai operation
Economy
FW de Klerk takes swipe at ‘prophets of gloom’
Former president moves to inject dollop of ‘good news’ into debate about the state of the country amid hardening perceptions due to labour unrest
National
India’s version of Gupta debacle differs
Relations between emerging-market hopefuls plunge to new low after Indian high commission’s statement provided its version of Gupta Waterkloof landing debacle
Retail & Consumer
Massmart sharpens focus on back of rising sales
Retailer reports sales for the first 21 weeks of the 2013 financial year up 9.8% and comparable sales growth 5.6% higher
National
Drug lounges shut as Zuma’s plan to save Eldorado Park takes shape
President Jacob Zuma last week ordered steering committee to implement anti-drugs strategy in township that could act as national pilot project
Retail & Consumer
Mr Price reports sharply higher earnings, tighter credit control
Retailer reports 26% rise in diluted headline earnings per share to 584.8c for the year ended March, from 464.5c previously
Business
NEWS ANALYSIS: Empowerment lobby gains some significant victories
Black economic empowerment, thanks to its strong proponents, is again at the centre of several important discussions, writes Carol Paton
African News
Impoverished Malawi sells presidential jet for $15m
Luxury jet, bought by late leader Bingu wa Mutharika, sold to raise cash for the African country
Cartoons
More in Multimedia
Multimedia
Health
Cancer immunotherapy medicines could rake in $35bn a year
New wave of medicines that tap power of immune system to fight cancer could become biggest drug class in history, with potential sales of $35bn a year
Motoring
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
National
- Pharmacies get tough on codeine abuse
- Free housing grants will remain in SA, says Sexwale
- Bank forecasts higher 2013 wage settlements
- Failure to collect toll fees ‘will hurt infrastructure growth’
- Times Media Group fears over-regulation in transformation
World
- Questions raised on Google’s offering to countries’ fiscus
- US tax official uses Fifth Amendment
- Hague warns of increased backing for Assad
- Ahmadinejad to challenge aide’s ban from election
- Bank of Japan targets bonds
Companies
- Taste seeks to open 100 new food outlets across South Africa
- Clearwire approves Sprint’s new bid
- Growthpoint ‘to acquire high-quality assets’
- Lloyds, RBS ‘can meet’ capital demands in UK
- BNY Mellon to hire up to 100 new staff
Personal Finance
- Retirement dream need not be a nightmare
- Absa says miscalculated interest on car loan was ‘isolated error’
- FAME & FORTUNE: Closing the lid on 'rubbish'
- New movie aims to provide financial literacy education
- In tune with his money
Business
Markets
- NEWS ANALYSIS: European ‘safe’ covered bonds being relegated to junk status
- Time for African Bank to consider all its options
- JSE ends flat despite volatile day
- Global shares rise after Bernanke signals Fed will keep stimulus intact
- Oil slips to $103 on US demand worries
Economy
- Bank forecasts higher 2013 wage settlements
- SUMMIT TV: Reserve Bank releases leading business indicator
- Higher-than-expected consumer inflation dashes rate cut hope
- FW de Klerk takes swipe at ‘prophets of gloom’
- All eyes on Bank after rand falls to a four-year low vs dollar
Life
- Disrupting the cosy conceptions of art
- The lack of grace in victimhood
- A right royal romp for the king of rock
- FILM: The Sapphires; 360; Fast and Furious 6
- DANCE : Dominion, and Uncles and Angels
Sport
- Court calls for India cricket probe to wrap up
- Mourinho departure puts focus on Perez
- Mchunu vows thrills in Chambers fight
- Henry lambasts referees after Blues’ loss to Crusaders
- Coach confident Chippa will be top of log
Multimedia
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The Third Umpire
ANC secretary-general Gwede Mantashe. Saying “Zuma’s relationship with the Guptas is none of the ANC’s business” is disingenuous. It speaks to the party’s credibility, and is certainly taxpayers’ business.
Businessman and former Busa vice-president Mthunzi Mdwaba, for revealing, as others have, that the government’s desire to engage with the private sector is tenuous at best, with meetings being “a formality”.
Seat 1 of L’Académie Francaise Claude Dagens. Outraged at a proposed increase of English-language courses at French universities, the academy is, with others, taking it to parliament. Quelle surprise, etc.
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