Workers reject Northam Platinum wage offer

From SAPA The NUM has rejected a 0.5 percent increase in Northam Platinum’s wage offer, the union said on Wednesday. The mining company made the offer on Monday after a meeting between the two parties, acting National Union of Mineworkers (NUM) spokesman Livhuwani Mammburu said in a statement. The offer meant core workers in categories … Read more

Woolworths, Massmart sales up; Woolies price dip

From Reuters JOHANNESBURG (Reuters) – South African high-end retailer Woolworths Holdings reported double-digit growth in food and clothing sales for the first half of the year, a sign that spending remains robust among wealthier consumers. However, investors were likely looking for an even stronger performance and its shares sank more than 2 percent. Woolworths, which sells products … Read more

Rwandan spymaster murder in SA: 4 arrests

From SAPAMozambican police say they have arrested four Rwandans, including a senior military official, for the murder in South Africa of a former spymaster in Rwanda and critic of the government there. Joao Machava, a Mozambican police spokesman, told The Associated Press in Maputo on Wednesday that the Rwandans were arrested a week ago in … Read more

Back to school for SA pupils

From SAPA: As millions of pupils lace their shoes and knot their ties in preparation for the first day of the 2014 academic year, a number of government officials will visit schools across the country to assess their state of readiness. Deputy President Kgalema Motlanthe and Basic Education Minister Angie Motshekga will visit Oracle Ponelopele … Read more

Economic Freedom Fighters (EFF) leader Julius Malema is escorted by police after his car was blocked by supporters of the African National Congress near the homestead of South African President Jacob Zuma in Nkandla January 11, 2014. REUTERS/Rogan Ward

Two Protesters Killed In Clash With South African Police

From Reuters: Two people were killed during a clash with South African police on Monday when residents of a village marched to a nearby town in North West province to protest about water shortages, police said. The incident is the latest in a series of confrontations between police and protesters angry at poor public services in Africa’s biggest economy, adding to … Read more

Gold Eases On Stronger Equities, US Retail Sales Data

From Reuters: Gold retreated for a second session on Wednesday, moving further away from a one-month high, as a rally in stock markets prompted by strong U.S. retail sales data dented the metal’s appeal as a safe haven. FUNDAMENTALS * Spot gold eased 0.1 percent to $1,243.19 an ounce by 0011 GMT. It touched a … Read more

US economy

Stocks Cheered By US Data, Yen Retreats

From Reuters: * Risk sentiment bolstered as solid US retail data lifts Wall St * Dollar rallies as yen retreats broadly, bond yields rise Asian markets look set to gain on Wednesday as surprising strength in U.S. consumer spending reassured investors the world’s largest economy was still on track for growth, lifting the dollar and Wall … Read more

SA’s holiday season road toll: 1500 people killed

From the South African Press Association: Over 1500 people were killed on the country’s roads during the festive season, according to the latest figures, SABC news reported on Tuesday. “We have recorded 1281 fatal crashes which resulted [in] 1537 fatalities, compromising of KwaZulu-Natal which is the highest at 307,” Road Traffic Management Corporation spokeswoman Thato … Read more