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Lagarde faces formal probe
IMF boss Christine Lagarde has been questioned by French magistrates over her role in an arbitration payment to Bernard Tapie.
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IMF boss Christine Lagarde has been questioned by French magistrates over her role in an arbitration payment to Bernard Tapie.
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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.
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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.
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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.
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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.
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Tongaat Hulett earnings rise
Tongaat Hulett reported a 15-percent rise in full-year earnings on Friday as sugar production rose.
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Tongaat Hulett reported a 15-percent rise in full-year earnings on Friday as sugar production rose.
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Oil erases early losses
An afternoon recovery in United States stock markets helped oil reverse early losses on Thursday.
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An afternoon recovery in United States stock markets helped oil reverse early losses on Thursday.
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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.
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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.
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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.
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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.
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Lonmin, Amcu negotiations go to arbitration
Yesterday’s talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) for a new recognition agreement between Lonmin and the Association of Mineworkers and Construction Union (Amcu) will be referred to arbitration after conciliation collapsed without a solution.
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Yesterday’s talks at the Commission for Conciliation, Mediation and Arbitration (CCMA) for a new recognition agreement between Lonmin and the Association of Mineworkers and Construction Union (Amcu) will be referred to arbitration after conciliation collapsed without a solution.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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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.
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Redisa ramps up waste tyre plan after court dismisses RMI’s appeal
The Supreme Court of Appeal has dismissed with costs an appeal by the Retail Motor Industry Organisation (RMI) against the dismissal by the North Gauteng High Court of its urgent application for an interdict preventing the implementation of the Recycling and Economic Development Initiative of SA (Redisa) waste tyre plan.
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The Supreme Court of Appeal has dismissed with costs an appeal by the Retail Motor Industry Organisation (RMI) against the dismissal by the North Gauteng High Court of its urgent application for an interdict preventing the implementation of the Recycling and Economic Development Initiative of SA (Redisa) waste tyre plan.
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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.
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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.
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Mining problems threaten further credit downgrade
South Africa was in danger of a further credit downgrade due to problems in the mining sector and their likely impact on the rand, Reserve Bank governor Gill Marcus warned yesterday. The rand, which had depreciated by 8.4 percent against the dollar from the start of the year to the time of the bank’s monetary policy committee (MPC) in March, had fallen another 4.6 percent, Marcus said at the end of yesterday’s MPC meeting, which left the repo rate unchanged at 5 percent.
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South Africa was in danger of a further credit downgrade due to problems in the mining sector and their likely impact on the rand, Reserve Bank governor Gill Marcus warned yesterday. The rand, which had depreciated by 8.4 percent against the dollar from the start of the year to the time of the bank’s monetary policy committee (MPC) in March, had fallen another 4.6 percent, Marcus said at the end of yesterday’s MPC meeting, which left the repo rate unchanged at 5 percent.
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Li still flying the Asian flag by herself
Li Na's momentous French Open title win of 2011 was expected to open the floodgates for Asian players, but it didn’t.
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Li Na's momentous French Open title win of 2011 was expected to open the floodgates for Asian players, but it didn’t.
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Amakhosi’s double dream showdown
Kaizer Chiefs meet SuperSport United in the final of the Nedbank Cup as they chase a second trophy for the season.
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Kaizer Chiefs meet SuperSport United in the final of the Nedbank Cup as they chase a second trophy for the season.
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Garcia hopes for talks with Woods
Sergio Garcia says he will seize any opportunity for dialogue with Tiger Woods at the US Open.
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Sergio Garcia says he will seize any opportunity for dialogue with Tiger Woods at the US Open.
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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.
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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.
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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.
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Third-seeded Sam Querrey was eliminated from the quarterfinals of the Open de Nice, losing to wild-card entry Edouard Roger-Vasselin.
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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.
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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.
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Cook backs Root, Compton to shine
England captain Alastair Cook has backed the likes of Joe Root and Nick Compton to make their names in the Test arena.
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England captain Alastair Cook has backed the likes of Joe Root and Nick Compton to make their names in the Test arena.
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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.
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Qualifier Guido Pella reached his first semifinal match on the ATP Tour by beating seventh-seeded Viktor Troicki in the Power Horse Cup.
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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.
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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.
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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.
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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.
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Doctor Khumalo slams referee
Kaizer Chiefs assistant coach Doctor Khumalo has lashed out at official Lwandile Mfiki ahead of the Nedbank Cup final.
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Kaizer Chiefs assistant coach Doctor Khumalo has lashed out at official Lwandile Mfiki ahead of the Nedbank Cup final.
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Umpire removed from elite panel
The International Cricket Council announced that it had withdrawn Pakistani Asad Rauf from their elite panel of umpires.
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The International Cricket Council announced that it had withdrawn Pakistani Asad Rauf from their elite panel of umpires.
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Uefa implement ban for racist abuse
The Uefa executive committee have ratified a 10-match minimum ban for racist abuse by players or officials.
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The Uefa executive committee have ratified a 10-match minimum ban for racist abuse by players or officials.
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Rio signs new United contract
Rio Ferdinand has signed a new one-year contract with Manchester United, the Premier League champions confirmed.
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Rio Ferdinand has signed a new one-year contract with Manchester United, the Premier League champions confirmed.
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Bafana v Lesotho friendly rescheduled
The internationl friendly match between Bafana Bafana and Lesotho has been moved back by a day.
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The internationl friendly match between Bafana Bafana and Lesotho has been moved back by a day.
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Ilonen grabs early lead at Wentworth
Finland's Miko Ilonen was the early pacemaker as the European PGA Championship started at Wentworth.
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Finland's Miko Ilonen was the early pacemaker as the European PGA Championship started at Wentworth.
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Cook: Headingly won’t suit bowlers
Alastair Cook thinks Headingley won’t be the bowler-friendly ground of old when the second Test against New Zealand starts.
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Alastair Cook thinks Headingley won’t be the bowler-friendly ground of old when the second Test against New Zealand starts.
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Beast returns to boost Sharks
Tendai Mtawarira has been named in the Sharks team to face the Bulls in their Super Rugby clash this weekend.
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Tendai Mtawarira has been named in the Sharks team to face the Bulls in their Super Rugby clash this weekend.
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Garcia, Woods must end spat – Olazabal
Former European Ryder Cup captain Jose Maria Olazabal urged Sergio Garcia and Tiger Woods to settle their differences.
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Former European Ryder Cup captain Jose Maria Olazabal urged Sergio Garcia and Tiger Woods to settle their differences.
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All eyes on Etzebeth
Eben Etzebeth will be running the lineouts against the Reds and may provide a glimpse into the future without Andries Bekker.
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Eben Etzebeth will be running the lineouts against the Reds and may provide a glimpse into the future without Andries Bekker.
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Obama heckled by Code Pink founder
Anti-war protester Medea Benjamin gave Barack Obama a piece of her mind during his policy speech.
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Anti-war protester Medea Benjamin gave Barack Obama a piece of her mind during his policy speech.
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Bridge collapses, sends cars into river
A section of a four-lane bridge near Seattle has collapsed, plunging motorists into the frigid water of the Skagit River.
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A section of a four-lane bridge near Seattle has collapsed, plunging motorists into the frigid water of the Skagit River.
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Vuyo Mbuli funeral: appeal to motorists
Gauteng traffic police have asked motorists to avoid the route along which Vuyo Mbuli’s funeral procession will travel on Friday.
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Gauteng traffic police have asked motorists to avoid the route along which Vuyo Mbuli’s funeral procession will travel on Friday.
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Guptagate: Zuma breaks his silence
President Jacob Zuma finally broke his silence on the Gupta scandal, slamming those who “abused” his name to secure privileges.
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President Jacob Zuma finally broke his silence on the Gupta scandal, slamming those who “abused” his name to secure privileges.
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Student found dead after ransom paid
Psychology student Philasande Ngum’s decomposing body was found on a veld, weeks after she was reported missing.
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Psychology student Philasande Ngum’s decomposing body was found on a veld, weeks after she was reported missing.
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Guptagate: Official denies accusation
One of the officials fingered in the Gupta scandal report denies she was part of a plot to obtain irregular approval.
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One of the officials fingered in the Gupta scandal report denies she was part of a plot to obtain irregular approval.
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R24m necklace stolen at Cannes
A diamond necklace has been stolen at the Cannes Film Festival, the second jewellery theft at the event in a week.
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A diamond necklace has been stolen at the Cannes Film Festival, the second jewellery theft at the event in a week.
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Obama limits the use of drones
Barack Obama has shifted America away from a “boundless global war on terror” in a major policy speech.
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Barack Obama has shifted America away from a “boundless global war on terror” in a major policy speech.
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Two more held after London attack
British police have arrested two more people after the gruesome attack on soldier Lee Rigby in London.
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British police have arrested two more people after the gruesome attack on soldier Lee Rigby in London.
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Cosatu pushes ahead with e-toll protest
The Congress of South African Trade Unions plans to proceed with a go-slow against e-tolling on Friday.
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The Congress of South African Trade Unions plans to proceed with a go-slow against e-tolling on Friday.
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Man survives kidnap ordeal in New York
Food deliveries to an abandoned warehouse attracted police attention - and kidnap victim Pedro Portugal is so glad.
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Food deliveries to an abandoned warehouse attracted police attention - and kidnap victim Pedro Portugal is so glad.
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Attacker was one of their own
Listening to the attacker give his motives for killing a British soldier, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent.
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Listening to the attacker give his motives for killing a British soldier, perhaps the most chilling aspect for Londoners was the man's unmistakably familiar accent.
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Hundreds mourn young tornado victim
Hundreds of people gathered to mourn a 9-year-old girl who loved to sing, dance and paint, as funerals began for 24 victims of a massive tornado.
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Hundreds of people gathered to mourn a 9-year-old girl who loved to sing, dance and paint, as funerals began for 24 victims of a massive tornado.
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US expects up to 11 hurricanes in 2013
The 2013 Atlantic hurricane season could be “extremely active” and spawn 13 to 20 tropical storms, seven to 11 of which are expected to become hurricanes.
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The 2013 Atlantic hurricane season could be “extremely active” and spawn 13 to 20 tropical storms, seven to 11 of which are expected to become hurricanes.
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Ten hurt in Guinea protest
Ten people were injured when security forces and supporters of Guinea President Alpha Conde clashed with protesters marching in the capital.
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Ten people were injured when security forces and supporters of Guinea President Alpha Conde clashed with protesters marching in the capital.
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Obama acts on drones, Gitmo
President Barack Obama will lay out a new policy that limits the use of armed drones to times when Americans face an “imminent” threat.
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President Barack Obama will lay out a new policy that limits the use of armed drones to times when Americans face an “imminent” threat.
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7.4 quake strikes in sea off Tonga
A magnitude 7.4 earthquake struck in the sea 177 (285 km) miles southwest of Tonga's capital Nuku'alofa.
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A magnitude 7.4 earthquake struck in the sea 177 (285 km) miles southwest of Tonga's capital Nuku'alofa.
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Ally of Kosovo PM probed for war crimes
A wartime ally of Kosovo's prime minister the ambassador to Albania are being investigated on suspicion of war crimes during Kosovo's 1998-99 conflict.
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A wartime ally of Kosovo's prime minister the ambassador to Albania are being investigated on suspicion of war crimes during Kosovo's 1998-99 conflict.
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UK attack spurs Muslim soul-searching
The overwhelming reaction from Muslim communities to the brutal killing in London has been horror, compounded by fears of a backlash.
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The overwhelming reaction from Muslim communities to the brutal killing in London has been horror, compounded by fears of a backlash.
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Firearms probe heads chosen
Police minister Nathi Mthethwa has appointed the people who will head an inquiry into firearms.
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Police minister Nathi Mthethwa has appointed the people who will head an inquiry into firearms.
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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.
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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.
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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”.
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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”.
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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.
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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.
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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.
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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.
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