Economy
Ravaged rand continues downward trajectory for 11th straight session
Rand loses another 13c in early trade as traders warn of rate cut sending it down to the key R10 psychological level
Telecoms & Technology
Altech wins multimillion-rand ID smart card roll-out contract
Altech Card Solutions has been awarded a multimillion-rand tender to provide the technology for the Department of Home Affairs’ smart ID card roll-out
National
MPs give Sanral the all clear on e-tolling
Cosatu protests start on Friday with blockade of Joburg roads
Labour
NUM vows to approach gold sector wage talks with ‘maturity’
Union boss Baleni moves to reassure markets, says there is no need to panic
Healthcare
Actis could be a suitor for Adcock Ingram
London-based private equity firm Actis has emerged as a possible bidder for South Africa’s second-biggest drug maker, according to a source close to the deal
Asia-Pacific
China factory activity shrinks for first time in seven months
Flash HSBC purchasing managers’ index shrinks, entrenching fears that China’s economic recovery has stalled and a sharper cooldown may be imminent
Science & Environment
Whale watchers must watch for minister
Most glaring oddity of Tina Joemat-Pettersson’s proposed changes to marine resources legislation is that it appears to make whale watching an offence — unless the watcher has her permission
National
Report cites ‘manipulation’ by Guptas, Indian and SA officials
Report details litany of security failures, and how paper-thin diplomatic explanations and circumvention of state processes remain unchallenged
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 can 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 Independent News & Media purchase is souring his arrival in the news industry, writes Anton Harber
Survé must come clean on funding and owners
Financial Services
Investec reveals strategy to maintain momentum
Specialist banker plans to internationalise its wealth business and continue streamlining its banking business in bid to cut down on duplication costs
Economy
Inflation dims rate cut hopes
If sustained, the rand’s latest losses will push inflation up for longer, making it harder for the Bank to justify an interest rate cut to stimulate the flagging economy
Labour
Amcu optimistic on reaching deal to cut Amplats job losses
Amplats, Department of Mineral Resources and four unions will hold talks at the CCMA to ensure that all alternatives to retrenchment have been explored
Financial Services
Jordaan ‘likely to be missed on Twitter’
Mr Jordaan used the social media site with a verve and humour that few social media users can muster, writes Toby Shapshak
Trade & Industry
Poultry group denies tariff would cause steep price rises
South African Poultry Association insists its request for safeguards against cheap frozen chicken meat imports will not raise prices beyond 10% and 15% from current prices
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 ThomasAmericas
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
Labour
‘Significant’ wage gap fans fears of sugar strike
Fears of a wide-ranging strike in sugar industry are high, with employers describing gap between their latest wage offer and employee demands as ‘significant’
African News
World Bank promises $1bn to Congo
Development capital pledged in exchange for peace deal brokered by UN, but difficulties continue to arise
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
Private sector needs ‘bigger role’ in economic zones
Organised business strongly urges that private sector be given greater role in the process of setting up and managing special economic zones
Retail & Consumer
Mr Price still committed to Africa agenda
Retailer’s test stores in Nigeria and Ghana ‘have performed well’
Healthcare
Pharmacies get tough on codeine abuse
Retail pharmacy sector poised to exercise stricter control over sales of medicines containing codeine
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
Cartoons
More in Multimedia
Multimedia
Arts & Entertainment
Disrupting the cosy conceptions of art
The art of Johannes Phokela, who will represent South Africa at next month’s Venice Biennale, is not always earnest, writes Chris Thurman
Arts & Entertainment
A right royal romp for the king of rock
Sean Bovim combines the technique and structure of ballet with the nonconformity and rebellion of rock ’n’ roll in his most recent work Private Presley, writes Penny Haw
National
- DA vows to challenge a Gumede appointment
- IFP MP is determined to beat his lung cancer
- Dandala focuses on church, no comment on politics
- Altech wins multimillion-rand ID smart card roll-out contract
- Municipal pay disparities to come under scrutiny
World
- China factory activity shrinks for first time in seven months
- 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
Companies
- Celliers ‘will face tough world economy and regulations’
- Jordaan to ponder next career move
- Celliers’ appointment ‘will not affect transformation’
- High prices hurt smaller plastic firms, tribunal is told
- Kelly gets lift on news of return to profit
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
- Rand falls for 11th straight session
- JSE softens as world markets tumble
- Gold rebounds as China data pummels stock
- Copper slides as China factory data disappoints
- Hawkish Bernanke sends Asian stocks tumbling, dollar soaring
Economy
- Ravaged rand continues its downward trajectory for 11th straight session
- Weaker rand fans inflation
- Bank forecasts higher 2013 wage settlements
- SUMMIT TV: Reserve Bank releases leading business indicator
- Higher-than-expected consumer inflation dashes rate cut hope
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
- Mrs O’s filly tops the July betting boards
- Heynckes on brink of Champions League greatness
- Warner’s Twitter rant earns him maximum fine
- Semenya may not compete at Russian world championships
- Mistaken claims of cheating increase
Multimedia
Accenture Innovation Index
Assess the level of innovation in your business and enter the inaugural Accenture Innovation Index Awards
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The Third Umpire
National Union of Mineworkers general secretary Frans Baleni. His demand for a 344% increase in housing allowances shows that his ludicrous grand standing is a childish attack aimed at Amcu’s ascendance.
Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson. Experts say her amendment to the Marine Living Resources Act is riddled with omissions, inconsistencies and the like. Same as usual then.
President Jacob Zuma. His trying to sell SA as a good investment opportunity to Canadians, “especially” in mining, as the sector is faced with more violence and unrealistic demands, is rather embarrassing.
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