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
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
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
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
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
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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