Markets
Union’s mining wage demands send rand to four-year low
High wage demands by National Union of Mineworkers for workers in coal and gold mines drive rand down at prospect of more industry turmoil
Financial Services
Abil stock plunges again on results
African Bank Investments plumbs fresh eight-year low as earnings fall and dividend is slashed, adding to sharp drop earlier this month on profit warning
Politics
Name dropping is here to stay for now, says Mantashe
ANC secretary-general Gwede Mantashe responds to ‘Guptagate’ report, says people will always name-drop when they want favours
Media & Advertising
E.tv deal ‘to give Seardel to another string to its bow’
Seardel CEO says inclusion of e.tv holding company Sabido will give institutional investors more direct access to media group’s performance of the
Land & Agriculture
State settles restitution claims to tune of R1bn, says land minister
Government settles 602 restitution claims in financial year to end of March, after land reform department previously failed to pay farmers
Middle East
Wave of attacks kills at least 79 in Iraq
Attacks on Monday extend one of the most sustained bouts of sectarian violence the country has seen in years
Labour
Swift end to strike at Mercedes-Benz East London plant
Car maker lauds Numsa for calling end to protest following talks with company’s management
African Business
Mines chamber takes on Zimbabwean government on marketing of minerals
Mining sector has balked at proposed changes to mining law, but says it is keen to engage with officials on policy formulation
Managing global conflicts and democratic space at Wits
There is a global conflict playing out in the corridors of the University of the Witwatersrand, write Adam Habib and Loyiso NongxaColumnists
Africans need visas to visit more than two-thirds of countries on their own continent, writes Dianna Games
Nkrumah’s dream of African unity unfulfilled
Columnists
Adekeye Adebajo writes about his experiences at the recent annual three-day World Economic Forum on Africa
Africans march upward to economic purgatory
Energy
Labat Africa looks to diversify into oil with Namibia deal
Labat Africa aims to invest in an oil and petroleum company in Namibia, in a bid to reposition its model following a troubled history
National
Debate persists over who ‘masterminded’ Marikana police plan
Questions around origin of police plan to disperse striking mineworkers at Lonmin mine last year feature strongly before Marikana commission of inquiry
BusinessDay
Protech Khuthele says results ‘vindicate’ board’s view on Eqstra offer
Construction, engineering and readymix group says move to profit shows progress in its strategic turnaround programme
Politics
DA’s Mazibuko to meet British deputy prime minister
High-profile trip to London by DA parliamentary leader Lindiwe Mazibuko likely to be closely followed in Parliament, particularly by ANC
Retail & Consumer
Pioneer feels pinch as consumers cut spending
Pioneer Food Group reports 0.6% drop in headline earnings per share for six months ended March as rising utility, education and transport costs put strain on households
Is Google’s Glass cool or creepy?
Device has geeks all aflutter, but is unnerving everyone from law makers to casino operators worried about the potential for hitherto unimagined privacy violationsBusiness
BEE lobby eyes bigger share of state spend
Push for higher weighting in parastatal procurement rules
Transport & Tourism
Losing consortium gives up bid to stop R51bn Prasa rolling stock fleet tender
Dudula says it decided to use resources elsewhere than fight long legal battle
Business
Trumping clause ‘brings BEE certainty’
Introduction of a trumping clause wins support of MPs, despite the Department of Trade and Industry’s initial opposition to the measure
Telecoms & Technology
Vodacom expecting to deliver single-digit growth
Telecoms company, wary of ever-intensifying competition in markets where it operates, aims to achieve goal through focus on cost cutting
African News
AU summit to be held behind closed doors
AU Commission’s Dlamini-Zuma confirms civil society organisations, partners and delegations will, for the first time, be denied access to the AU conference centre
Industrials
Barloworld headline earnings up 31%
Industrial group grows half-year revenue by 11%, with CEO Clive Thompson praising ‘strong’ financial performance, especially from new acquisitions
Energy
Eskom was ‘on the brink of a power shutdown’
Eskom ‘came as close to the edge as you can get’ last Monday evening when the available power supply exceeded demand, according to the company
Healthcare
Netcare’s earnings rise, helped in part by weaker rand
Hospital group says half-year earnings driven by strong performance at local operations, while UK profit dented by higher proportion of National Health Service patients
Cartoons
Health
The low-down on erectile problems
Marika Sboros puts paid to myths and misconceptions on the more-common-than-thought problem of erectile dysfunction
Arts & Entertainment
SA film makers strive for glory in Cannes
Film foundation is focusing on co-production treaties at international festival, writes Nadia Neophytou
National
- Debate persists over who ‘masterminded’ Marikana police plan
- Swift end to strike at Mercedes-Benz East London plant
- DA’s Mazibuko to meet British deputy prime minister
- State settles restitution claims to tune of R1bn, says land minister
- Name dropping is here to stay for now, says Mantashe
World
- Drug maker Elan looks to deals as defence
- Hi-tech seed planters assist US farmers in a race against time
- Wave of attacks kills at least 79 in Iraq
- Shrinking US deficit reduces pressure for budget deal
- Elan strikes latest in string of deals to repel Royalty
Companies
- Labat Africa looks to diversify into oil with Namibia deal
- Pioneer feels pinch as consumers cut spending
- Protech Khuthele says results ‘vindicate’ board’s view on Eqstra offer
- Drug maker Elan looks to deals as defence
- E.tv deal ‘to give Seardel to another string to its bow’
Personal Finance
- FAME & FORTUNE: Closing the lid on 'rubbish'
- New movie aims to provide financial literacy education
- In tune with his money
- Invest where you find the fear
- Platinum ETF to chase gold issue
Business
Markets
- JSE down on general negative sentiment
- Oil rises, reversing early losses as dollar weakens
- Labour tensions weigh on the rand
- Silver falls; gold up slightly after seven-day fall
- Silver falls as gold heads for longest slide in four years
Economy
- SUMMIT TV: Busa advisor on implementation of NPD
- SUMMIT TV: Trends in cross-border M&A
- Local manufacturing sector ‘in dire straits’
- ECONOMIC WEEK AHEAD: Reserve Bank likely to dash rate cut hopes
- Manufacturers in South Africa stay confident
Life
- New light on colour and fitness
- The low-down on erectile problems
- Is Google’s Glass cool or creepy?
- SA film makers strive for glory in Cannes
- Get going for a good cause, as the Argus does
Sport
- Kavanagh squeezed out in Krisflyer Sprint
- Naturalised Chinese table tennis players continue to reign supreme
- Beckham bids tearful farewell to fans
- Wilkinson over the moon with European Cup win
- O’Connor to play as flyhalf in Wallabies Test squad
Multimedia
Accenture Innovation Index
Assess the level of innovation in your business and enter the inaugural Accenture Innovation Index Awards
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| FTSE 100 | 6755.63 | 0.48% | up |
| Dow Jones | 15331.17 | -0.15% | down |
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| EUR/ZAR | 12.1607 | 0.82% | up |
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| Brent Crude Oil | 105.000 | 0.36% | up |
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| African Bank | African Bank interims
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| Barloworld | Barloworld interims
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| Evraz Highveld | Evraz Highveld Steel & Vanadium Q1 financial results and AGM.
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| Vodacom | Vodacom finals
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| Pioneer Foods | Pioneer Foods interims
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| Netcare | Netcare interims
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| Protech | Protech Khutele finals
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The Third Umpire
Trade and Industry Minister Rob Davies, for promising a redrafting of the Licensing of Businesses Bill after a uniformly negative response to the first draft — but doing away with it altogether would be better still.
Former Hawks spokesman McIntosh Polela, who has now been officially fired after his “Vaseline tweet” and his suspension at the end of March — but he has earned a whopping R300,000 since then.
US President Barack Obama, forfiring a senior Internal Revenue Service official on finding the man’s Cincinnati office was targeting Tea Party organisations and other conservative groups for special scrutiny.
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