Publication: BDlive

First reported 3 hours ago - Updated 34 mins ago - 1 reports

Global stocks, bond prices fall after Fed decision

NEW YORK — Equities and bond prices pulled lower on Wednesday after the US Federal Reserve said it would maintain the pace of its bond buying and gave no explicit indication it was close to slowing the stimulus programme.Fed officials cited further improvement ... [Published BDlive - 3 hours ago]

Entities: Treasuries, Ben Bernanke, Index

First reported 1 hour ago - Updated 1 hour ago - 1 reports

Coal of Africa Limited

CoAL gets good news on planned Makhado mine

COAL of Africa Ltd (CoAL) had completed a definitive feasibility study into building a new R3.96bn coal mine called Makhado near Musina in Limpopo, chairman David Brown said on Wednesday.The Makhado mine would produce 2.3-million tonnes a year of hard ... [Published BDlive - 1 hour ago]

Entities: Coal, David Brown, Maputo, Coal of Africa Limited, Steel

First reported 3 hours ago - Updated 1 hour ago - 1 reports

Robert Mugabe

Zimbabwean civil society, human rights groups look to July 31 poll despite Mugabe

ZIMBABWEAN civil society organisations and human rights groups in Zimbabwe remain seized with the prospect of a July 31 election in the country, even after President Robert Mugabe on Tuesday reportedly applied to the Constitutional Court to push the initial ... [Published BDlive - 3 hours ago]

Entities: Robert Mugabe, Zimbabwe, Elections, Southern African Development Community

First reported 3 hours ago - Updated 3 hours ago - 1 reports

JSE Securities Exchange

JSE ends in red as markets await Bernanke speech

The JSE closed in negative terrain on Wednesday, following global markets lower amid nervousness ahead of US Federal Reserve chairman Ben Bernanke’s speech at 8.30pm local time.All eyes were on the outcome of the US Federal Open Market Committee’s meeting ... [Published BDlive - 3 hours ago]

Entities: JSE Securities Exchange, Gold One International Ltd, Vunani Limited, Famous Brands Limited, Coal of Africa Limited

First reported 12 hours ago - Updated 4 hours ago - 2 reports

Steers

Famous Brands proves way to consumers’ hearts is through stomach

IN spite of a difficult economic environment, middle-class South Africans are increasingly favouring fast-food dining options over formal restaurants and preparing food at home.Unlike their broader retail counterparts who are feeling the pinch as disposable ... [Published BDlive - 4 hours ago]

Entities: Famous Brands Limited, Steers, Taste Holdings Ltd, Environment, South Africa

First reported 18 hours ago - Updated 8 hours ago - 2 reports

Southern African Development Community

EDITORIAL: A repeat of 2008 is looming in Zimbabwe

THAT President Robert Mugabe stage-managed a Constitutional Court ruling forcing him to hold elections is obvious. How else do you explain that what appeared to be a loss actually turns out to be a win for the wily but ailing president?His unilateral ... [Published BDlive - 17 hours ago]

Entities: Southern African Development Community, Robert Mugabe, Zimbabwe, Constitutional Court, Elections

First reported Jun 18 2013 - Updated 15 hours ago - 2 reports

ABSA Group Ltd

Fears for credit-led spending as bad debts escalate

BAD debts among consumers in South Africa are growing faster than the number of new accounts and of credit-active clients, National Credit Regulator quarterly data showed on Tuesday, raising concern about a possible slowdown in credit-led spending in ... [Published BDlive - 18 hours ago]

Entities: Disposable income, ABSA Group Ltd, South Africa, Sibusiso Gumbi, African Bank Investments Ltd

First reported Jun 18 2013 - Updated 15 hours ago - 2 reports

Rand flat ahead of inflation, current account data

THE rand was flat in early trade on Wednesday as the market awaited current account and consumer inflation data due at 10am."We are likely to stick around the R10 level until the data is released," a local trader said.At 8am the rand was bid at R10.0010 ... [Published BDlive - 15 hours ago]

Entities: Inflation, Gross Domestic Product, Transfers, South African Reserve Bank

First reported Jun 18 2013 - Updated 16 hours ago - 2 reports

Van Niekerk named as new Fountainhead CEO

FORMER South Africa Corporate Real Estate Fund MD Len van Niekerk has been appointed by Redefine Properties as CEO of Fountainhead Property Trust, Fountainhead said on Tuesday.Mr van Niekerk has extensive experience as a listed property analyst and a ... [Published BDlive - Jun 18 2013]

Entities: Marc Wainer, JSE Securities Exchange, Appointed, Property

First reported Jun 18 2013 - Updated Jun 18 2013 - 2 reports

Putin under growing pressure at Group of Eight

ENNISKILLEN — Russian President Vladimir Putin faced growing isolation on the second day of a Group pf Eight (G-8) summit on Tuesday as world leaders lined up to pressure him into toning down his support for Syrian President Bashar al-Assad.Syria was ... [Published BDlive - Jun 18 2013]

Entities: Vladimir Putin, Group of Eight, Syria, Russia, Barack Obama

First reported Jun 18 2013 - Updated Jun 18 2013 - 2 reports

Court may thwart Sadc stance on election

HARARE — Little headway is expected from Zimbabwe’s courts after a Southern African Development Community (Sadc) summit held in Maputo at the weekend nullified President Robert Mugabe’s proclamation of July 31 as the date for general elections.Armed with ... [Published BDlive - Jun 18 2013]

Entities: Southern African Development Community, Robert Mugabe, Elections, Morgan Tsvangirai

First reported Jun 18 2013 - Updated Jun 18 2013 - 2 reports

ANC accuses media of bias over DA remarks

THE intensity of unseemly exchanges between the ruling party and the opposition escalated on Monday, with the African National Congress (ANC) charging that the media was being gentle with the Democratic Alliance (DA) over racist remarks in the Western ... [Published BDlive - Jun 18 2013]

Entities: African National Congress, Democratic Alliance, John Jeffery, Lindiwe Mazibuko

Quotes

"CoAL is working towards a funding structure, which will include debt funding whereby CoAL retains majority ownership with the incoming partner’s contribution meeting CoAL’s full equity requirement for the project" Mr Brown said

CoAL gets good news on planned Makhado mine [Published BDlive - 1 hour ago]

"The contract strengthens Denel’s position in South Africa’s aerospace industry and reconfirms the company as a strategic national asset, its contribution to skills development and advanced manufacturing, as well as its potential to generate export revenue for the country" Mr Saloojee added

Denel lands component manufacturing contract for Airbus Military aircraft [Published BDlive - 7 hours ago]

On Tuesday, IFP spokeswoman Sbongile Nkomo said: "We are assembling our A-team to take on the 2014 elections, and those who do not make the cut would naturally feel aggrieved."

Prominent IFP members join ANC [Published BDlive - 7 hours ago]

"Things may fall apart occasionally, but South Africa has a strong centre and that is our good constitution and our fearless communication system. I believe only good things will come to us, but thenthen again I’ve been an optimistic man since the late 40s" he said

Bizos optimistic SA’s ‘centre will hold’ [Published BDlive - 8 hours ago]

More Content

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CoAL gets good news on planned Makhado mine [Published BDlive - 1 hour ago]
Zimbabwean civil society, human rights groups l... [Published BDlive - 3 hours ago]
Global stocks, bond prices fall after Fed decision [Published BDlive - 3 hours ago]
JSE ends in red as markets await Bernanke speech [Published BDlive - 3 hours ago]
Fitch reaffirms SA’s borrowing credentials in g... [Published BDlive - 3 hours ago]
Tower Property Fund aims to rise above rest wit... [Published BDlive - 3 hours ago]
Unbundling of University of Limpopo nearly fina... [Published BDlive - 3 hours ago]
National Empowerment Fund sweet on KwaZulu-Nata... [Published BDlive - 3 hours ago]
Jubilee takeover of Platinum Australia to proceed [Published BDlive - 4 hours ago]
Growthpoint’s ‘green’ office block in Midrand r... [Published BDlive - 4 hours ago]
Famous Brands proves way to consumers’ hearts i... [Published BDlive - 4 hours ago]
Denel staff die in deadly assault on UN Mogadis... [Published BDlive - 5 hours ago]
Solidarity asks HRC to facilitate dialogue with... [Published BDlive - 5 hours ago]
Africa needs to ‘pump local investment’ into oi... [Published BDlive - 6 hours ago]
Launch of BusinessDay TV [Published BDlive - 6 hours ago]
Denel lands component manufacturing contract fo... [Published BDlive - 7 hours ago]
Prominent IFP members join ANC [Published BDlive - 7 hours ago]
Bizos optimistic SA’s ‘centre will hold’ [Published BDlive - 8 hours ago]
Slower household spending growth a negative omen [Published BDlive - 8 hours ago]
Review of public servants’ pay due as soon as S... [Published BDlive - 9 hours ago]
State companies may have to use pension funds t... [Published BDlive - 9 hours ago]
JSE weaker despite upbeat CPI, current account ... [Published BDlive - 9 hours ago]
Appetite for government bonds returns [Published BDlive - 10 hours ago]
Kenya dismisses concern over capital gains tax [Published BDlive - 10 hours ago]
Better than expected news on inflation, current... [Published BDlive - 10 hours ago]
FSB officials ‘need protection’ [Published BDlive - 10 hours ago]
Shares choppy, dollar steady as Fed meets [Published BDlive - 11 hours ago]
LETTER: Invasion of privacy [Published BDlive - 11 hours ago]
LETTER: Killing critical thought [Published BDlive - 11 hours ago]
LETTER: Maturing democracy [Published BDlive - 11 hours ago]