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Craven quits Cosatu following Vavi's expulsion

Apr 01 2015 15:00

Long-time Congress of SA Trade Unions national spokesperson Patrick Craven has resigned following the expulsion of general secretary Zwelinzima Vavi.

Financial Services

Nedbank hikes CEO’s pay to R35.05m

Apr 01 2015 14:06

Nedbank Group, SA's fourth biggest bank which has beaten analysts’ profit expectations for a second year, has increased CEO Mike Brown’s pay by 7.7%.

News

Vavi: Expulsion from Cosatu was unfair, illegal

Apr 01 2015 13:42

Ousted Congress of SA Trade Unions general secretary Zwelinzima Vavi is adamant that his expulsion from the trade union federation was unfair and illegal.

News

Vavi hits out at Cosatu, condemns dismissal as illegal

Apr 01 2015 12:35

Suspended Cosatu general secretary Zwelinzima Vavi has condemned the decision of the federation’s NEC to dismiss him with immediate effect.

Equities

JSE resources drop on commodity price pressure

Apr 01 2015 14:11

The Resources index on the JSE has fallen 1.69% to bring the past month's losses to just over 10%, mainly due to renewed pressure on commodity prices.

Economy

Chamber questions R38bn Sanral toll contract hike

Apr 01 2015 11:12

A business chamber has questioned how a R10bn contract to build Western Cape toll roads could turn into a R48bn revenue stream for a consortium.

Tech

Post Office fires employees for illegal strike

Apr 01 2015 11:07

The SA Post Office has dismissed six employees who violated a court order during the illegal strike that crippled postal operations in the last quarter of 2014.

Tech

Why Eskom should do a Telkom

Apr 01 2015 09:28

The state-owned power utility needs to get more private sector involvement to deal with the problems it is facing, says an expert.

 

In other news

Thatcher's secret weapon in miners' strike shuts

8 minutes ago

Littlebrook power station, which towers grimly over the lower Thames near Dartford in Kent, ceases operations today after almost 35 years.

Weak demand hits China factories, services

38 minutes ago

Surveys of China's factory and services sectors have shown stubborn weakness in March, while Beijing is expected to give policy support.

Asian markets slip, Shanghai up on China data

Apr 01 2015 13:57

Asian markets have mostly retreated following losses on Wall Street, with Tokyo also hurt by a disappointing reading of Japanese business confidence.

Global markets: Solid start for Euro stocks

Apr 01 2015 13:34

European stocks and the dollar have made solid starts to the second quarter as signs of a recovery in the eurozone cheered investors after their blowout.

AngloGold may sell US asset

Apr 01 2015 11:00

Africa's top bullion producer AngloGold Ashanti says it is seeking a partner or buyer for its Cripple Creek & Victor mine in the US.

HSBC scandal 'unsavoury' reminder of past

Apr 01 2015 10:15

Switzerland's bank regulator says that while the scandal surrounding HSBC's private Swiss bank is "unsavoury", the lender has been working hard to clean itself up.

European shares fall early, eurozone PMIs eyed

Apr 01 2015 09:37

European shares have dropped in early trading, starting the new quarter on a negative note after poor macro data from China.

Transport strike brings Argentina to a standstill

Apr 01 2015 09:15

A transport strike to demand an increase in the income tax floor has brought major portions of Argentina to a standstill.

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  • Winners
  • Losers
Selected from the top 100 Equities by Market cap.
WinnersPriceChange% Change
ITE Italtile LimitedR12.11R0.867.64%
MTN Mtn Group LimitedR217.44R12.446.07%
COH Curro Holdings LimitedR35.95R1.454.20%
CML Coronation Fund Managers ...R101.82R3.573.63%
AMS Anglo American Plat LtdR306.47R8.953.01%
Selected from the top 100 Equities by Market cap.
LosersPriceChange% Change
EXX Exxaro Resources LimitedR96.99R-3.51-3.49%
GFI Gold Fields LimitedR49.53R-1.79-3.49%
KIO Kumba Iron Ore LimitedR150.61R-5.39-3.46%
VKE Vukile Property Fund Limi...R18.60R-0.65-3.38%
SGL Sibanye Gold LimitedR25.05R-0.87-3.36%
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SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 

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