Nigeria: $1bn fund to start investing
Nigeria would begin investing the initial $1 billion (R9.4bn) allocated to a new sovereign wealth fund by June, a statement from the fund showed, after it delayed the start date twice. Read more
Shell: Hunt for new boss under way
The hunt for Shell’s next chief executive was under way, its chairman Jorma Ollila said yesterday, after current boss Peter Voser made what could be his last appearance at the oil group’s annual shareholder meeting. Read more
M&S profit hits lowest since 2009
British retailer Marks & Spencer (M&S) posted its lowest annual profit since 2009 yesterday, hit by a drop in clothing sales, and said growth this financial year would be held back by investments online and in logistics. Read more
Vodafone: Europe’s slump eats into sales
Vodafone would not distribute a £2.1 billion (R30bn) dividend from US venture Verizon Wireless to investors as it battled to reverse declines in European markets, the biggest cellular operator said yesterday. Read more
IAAF seeks explanation from Sascoc
South Africa's Olympic governing body has been called on by the International Association of Athletics Federations (IAAF) to explain the suspension of the Athletics SA (ASA) board. Read more
Golf bodies ban anchoring putters
Golf's governing bodies will ban the anchoring of putters from January 2016, the Royal and Ancient (R&A) and the United States Golf Association (USGA) said in a joint statement. 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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