Vavi: Wage demands justified
The wage demands submitted to the Chamber of Mines are justified and reasonable, Cosatu general secretary Zwelinzima Vavi said. Read more
Lagarde faces formal probe
IMF boss Christine Lagarde has been questioned by French magistrates over her role in an arbitration payment to Bernard Tapie. Read more
Wall Street ends off session lows
US stocks slipped on Thursday, but finished sharply off their session lows as a rally in Hewlett-Packard's shares offset worries about weak Chinese manufacturing data. Read more
Nikkei still seen as vulnerable
Japanese stocks turned negative on Friday and the yen reversed early losses, keeping intact worries that the Nikkei's largest one-day drop in two years may be the start of a bigger rout. Read more
Oil erases early losses
An afternoon recovery in United States stock markets helped oil reverse early losses on Thursday. Read more
Emerging markets perk up earnings
SABMiller’s shares shed R12.15 to close at R496.50 yesterday following the release of results for the year to March that showed revenue and adjusted earnings growth in line with market expectations. The 2.3 percent drop in the share reflected general weakness in the market and a neutral response to the figures. Read more
Mining houses prefer stable exchange rate
Mining companies in South Africa preferred a stable exchange rate because a weak rand stoked inflation, Chamber of Mines senior executive Roger Baxter said yesterday. Read more
UK fines JPMorgan over client advice gap
Britain’s Financial Conduct Authority (FCA) fined a wealth management unit of US bank JPMorgan Chase £3.08 million (R44.4m) for being unable to show it was giving clients the right advice, it said. Read more
China, US disappoint markets
It was a grim day on global markets yesterday after the release of disappointing manufacturing survey data from China and renewed concern that the US could start to cut back on its cash injections. Read more
Sharemax and directors schemed to defraud public, says Fais ombud
Sharemax Investments, its network of financial advisers and four of its directors – Gert Goosen, Willie Botha, Dominique Haese and André Brand – were involved “in a scheme calculated to defraud members of the public”, financial advisory and intermediary services (Fais) ombud Noluntu Bam said yesterday. Read more
US retailer bonds fall behind as shoppers spend less
Bonds of US retailers from Target to Wal-Mart Stores are posting their worst losses since 2006 amid smaller consumer income and slowing growth in the US economy, even as the broader corporate debt market generates gains. Read more
Sibanye Gold: Allan Gray raises stake above 10%
Sibanye Gold shares advanced 4.8 percent in early trade yesterday, after investment manager Allan Gray said it would lift its stake in the gold producer on behalf of clients. Read more
Di Luca tests positive for EPO
Race organisers say former Giro d'Italia winner Danilo Di Luca has tested positive for EPO in a surprise test at his home. Read more
Bayern, Dortmund eye CL glory
Wembley will reverberate to the roar of German voices as Bayern Munich and Dortmund meet in the Champions League final. Read more
Umpire Rauf under fire
Umpire Asad Rauf has been withdrawn from next month’s Champions Trophy after he was implicated in a spot-fixing scandal. Read more
Amakhosi’s double dream showdown
Kaizer Chiefs meet SuperSport United in the final of the Nedbank Cup as the Amakhosi chase a second trophy for the season. Read more
Nadal not top seed at French Open
Rafael Nadal's sustained excellence on clay and Serena Williams' current winning streak mean little thought is being given to the sort of surprises the French Open used to produce regularly. Read more
Querry loses to qualifier in Nice
Third-seeded Sam Querrey was eliminated from the quarterfinals of the Open de Nice, losing to wild-card entry Edouard Roger-Vasselin. Read more
Weather forces Giro organisers into Plan B
Giro d'Italia organisers have made plans to start the race's 19th stage on an alternative route as wintry weather conditions continue to play havoc with the course. Read more
Pella beats Troicki in Dusseldorf
Qualifier Guido Pella reached his first semifinal match on the ATP Tour by beating seventh-seeded Viktor Troicki in the Power Horse Cup. Read more
Hafeez ton lifts Pakistan
Mohammad Hafeez scored his fifth century in ODI cricket to put Pakistan in a commanding position in the first match of their series against Ireland. Read more
Nibali tightens grip on Giro
Vincenzo Nibali took a giant step towards his maiden Giro d'Italia triumph by smashing his rivals on his way to winning the 18th stage time trial. Read more
Doctor Khumalo slams referee
Kaizer Chiefs assistant coach Doctor Khumalo has lashed out at official Lwandile Mfiki ahead of the Nedbank Cup final. Read more
Umpire removed from elite panel
The International Cricket Council announced that it had withdrawn Pakistani Asad Rauf from their elite panel of umpires. Read more
NDP ‘belongs to whole of SA’
For the media the National Development Plan “was not scandalous enough to make front page news”, Minister Trevor Manuel said. Read more
Cross-dresser ‘high during murder’
A man has pleaded guilty to killing 65-year-old Graham Flax inside his Sea Point flat while he was under the influence of drugs. Read more
E-toll protesters take to the streets
A group of protesters at Cosatu's Johannesburg headquaters took to marching down an adjacent street as they waited for feedback from officials. Read more
Kenya asks UN to squash ICC case
Kenya hasn’t found any sympathy after its appeal to the UN Security Council to “terminate” International Criminal Court cases against its president and his deputy. Read more
Child rapist jailed for 18 years
A man was sentenced by the Vryheid Regional Court to 18 years in jail for raping a 12-year-old girl, KwaZulu-Natal police said Read more
Police minister welcomes Victoria Phiyega
Police Minister Nathi Mthethwa has welcomed Mangwashi Victoria Phiyega as the new National Commissioner of Police.
Die minister van polisie, Nathi Mthethwa, het die aanstelling van Victoria Phiyega as die nuwe kommissaris van polisie verwelkom. Read more
City Press gives in to Zuma picture request
City Press editor Ferial Haffajee says the publication will remove the picture of the controversial portrait by Brett Murray from its website, which depicts President Jacob Zuma in an offensive manner. Die redakteur van die City Press, Ferial Haffajee, sê die koerant gaan die foto van President Jacob Zuma van sy webtuiste verwyder “om uit die spervuur te bly”. Read more
Zuma lawyer in tears
After a heated argument with the defence, the advocate presenting the ANC’s case on why the “offensive” painting of Jacob Zuma in the Goodman Gallery should be removed broke down into tears and the case was postponed.
Die advokaat wat die saak stel om die naakportret van Jacob Zuma uit die Goodman Galery te verwyder het vanmiddag in trane uitgebars en die hof het die saak uitgestel. Read more
Full bench hears Zuma painting case
A full bench of the South Gauteng High Court is already in session to hear an African National Congress (ANC) application regarding the portrait depicting President Jacob Zuma in an offensive manner.
‘n Vol bank van die Hooggeregshof in Gauteng hoor die saak aangaande die “naakportret” van President Jacob Zuma en honderde ANC ondersteuners wag buite die hof. Read more
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