Richard Branson: Boycott anti-gay Uganda

  Virgin’s founder Richard Branson has written a fierce response to the Ugandan anti-gay legislation. He is calling for strong action by the global community. The blog, which by Tuesday afternoon had attracted over 200 comments, is republished in full below.   By Richard Branson* Ugandan MPs have passed a new law making homosexuality punishable … Read more

Blue Label Telecoms buys RMCS for R306m

R5.5bn mobile solutions group Blue Label Telecoms this morning announced the R306m acquisition of nine year old tech company Retail Mobile Credit Specialists (RMCS). The price is based on 9.5 times RMCS’s projected earnings of R32.1m in the year to end August 2014. It  will be slightly (5%) earnings enhancing as Blue Label’s current PE … Read more

SABC denies “Don’t broadcast Zuma resign” edict

From SA Press Association: Employees at the SABC have been instructed not to broadcast any reports on calls for President Jacob Zuma to step down, the Right2Know (R2K) campaign and SOS Coalition claimed on Tuesday. This was simply the latest case of politically-motivated interference in editorial independence at the public broadcaster, R2K spokesman Mark Weinberg said … Read more

Snowdon: My mission has been accomplished

From SA Press Association: Whistleblower Edward Snowden said his mission has been accomplished, a report said Tuesday. Snowden was speaking to a Washington Post reporter in Russia, where the former National Security agency contractor lives at an undisclosed location under temporary asylum. “For me, in terms of personal satisfaction, the mission’s already accomplished,” he said. … Read more

Fancy an EU passport? Yours for R16m

By SAPA-DPA Malta, the European Union’s smallest member, on Monday raised the price it will charge well-heeled foreigners for citizenship from 650 000 euros to 1.15 million euros (R16.25m). The scheme, which effectively offers work and residency rights within the 28-nation EU bloc and the passport-free Schengen area, has been rejected by the opposition and … Read more

BA Jumbo hits building at OR Tambo (pic)

From SA Press Association: Four airport staff were injured when a British Airways Boeing 747-400 hit a building at OR Tambo International Airport, in Kempton Park, shortly before taking off for London, the Airports Company of SA (ACSA) said on Monday. The pic on the right showing the damaged wing was taken by a passenger … Read more

South Sudan loses control of oilfields to rebels

From the SA Press Association: South Sudan’s central government lost control of the capital of a key oil-producing state on Sunday, the military said, as renegade forces loyal to a former deputy president seized more territory in fighting that has raised fears of full-blown civil war in the world’s newest country. Bentiu, the capital of oil-rich … Read more

Blackberry shares surge after handset exit

Blackberry on Friday reported losses worth US$4.4bn for its third quarter ending in November, but shares rose 15% in trading as investors cheered its exit from handset manufacturing. The struggling Canadian smartphone pioneer posted losses totalling $965m in the second quarter. The five-year manufacturing deal with Foxconn will help the company avoid future writedowns on … Read more

Newgold signal for gold to platinum switch

JSE-listed physical gold ETF Newgold has repurchased almost R250m worth of its units after investors cashed in 2m of the listed debentures. The repurchase represents just under 20 000 ounces of gold. The Newgold Gold ETF holds a combined 1.3m ounces of gold, worth R16.3bn. The company’s Platinum ETF earlier today announced the creation of … Read more