Talks collapse, platinum strike rumbles on

From Reuters: Wage talks between the world’s top platinum producers and South Africa’s Association of Mineworkers and Construction workers Union (AMCU) collapsed on Wednesday, dashing hopes for an early end to a crippling six-week strike. The stoppage – in a sector still raw from a series of violent strikes in 2012 – has hit over 40 percent … Read more

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Barclays pays 500 bankers more than £1m

From Reuters: * Lloyds CEO Horta-Osorio could get 7.9 mln stg for 2014 * Barclays CEO Jenkins could get 7.2 mln stg * Barclays says 57 pct of its 1 mln stg club work in U.S. * UK MP slams pay, warns regulators may step in Barclays paid almost 500 staff more than 1 million pounds ($1.67 million) last year, … Read more

Scared investors may hunker down at home – analysis

From Reuters: Scared money seeking a safe haven may just head for home. Russia’s military mobilisation on Ukraine’s borders over the past week was an echo of the sort of geopolitical event that used to send international investors scurrying for cover over the past 50 years. Unlike the systemic financial threats that plagued markets in recent … Read more

SA stocks pull back from high, charts bearish

From Reuters: South African stocks ended lower on Wednesday, with charts suggesting the main indices have limited upside after hitting several record highs in the past few weeks. Johannesburg’s main stock index lost 0.26 percent to 42,952.98, and the broader All-share index edged down 0.18 percent at 47,514.80. On Tuesday Africa’s biggest stock market hit another record … Read more

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Third attack on exiled Rwandan general in SA

From SAPASouth African police say there has been another unsuccessful attempt on the life of a former Rwandan army chief of staff who has been living in exile in the country for the past four years.Capt. Paul Ramaloko, spokesman for the special police investigative unit the Hawks, said Wednesday there were no injuries in the … Read more

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EFF man trips in anti-Zuma demo, dies

From SAPA A member of the Economic Freedom Fighters died after he collapsed outside the High Court in Pretoria on Wednesday.The man’s body lay on the ground covered in foil by mid-afternoon after Tshwane emergency staff tried to resuscitate him earlier.Metro police, emergency staff and members of the EFF stood around him as they waited … Read more

Unauthorised Winnie Mandela movie: Producers unrepentant

From SAPA Publicity statement Academy Award winner Jennifer Hudson and Academy Award nominee Terrence Howard star in WINNIE MANDELA, the untold love story of Winnie and Nelson Mandela. The movie is scheduled for release in South Africa on Friday 7 March 2014 exclusively at selected Ster-Kinekor Theatres. The movie reveals Winnie Mandela’s remarkable journey amidst … Read more

Platinum price rises on collapse of wage talks

From Reuters JOHANNESBURG (Reuters) – Wage talks collapsed between the world’s top platinum producers and South Africa’s Association of Mineworkers and Construction workers Union (AMCU) on Wednesday, dashing hopes for an end soon to a crippling six-week strike. The precious metal’s spot price spiked to four-month high of $1,472.50 after the three producers – Anglo American Platinum, … Read more

Flooding near Brits Mall: police recover body

From SAPA A woman died and four other people were rescued after their cars were swept away in flooding in Brits, the North West provincial government said on Wednesday. Meisie van Tonder, 56, was found by police divers on Wednesday morning, while the four others were rescued on Tuesday evening, spokesman Lesiba Moses Kgwele said. … Read more