By Elias Biryabarema KAMPALA (Reuters) – Uganda’s parliament will try to re-introduce an anti-homosexuality law that was thrown out by a court, a lawmaker leading the effort said on Wednesday, a move that could once again damage relations with the West. Last week, the east African country’s constitutional court nullified the law, signed by President … Read more
For South Africans, most of the excitement ended even before the BRICS Summit in Fortaleza began earlier this week. After the previous summit in Durban, hopes were high that the $100bn BRICS Development Bank would be headquartered in Johannesburg. The South Africans had done most of the work on putting the structure together, and as … Read more
(Reuters) – LeBron James has overtaken Michael Jordan as the United States’ most popular athlete, according to a Harris poll. Almost from the moment James exploded onto the NBA scene as the number one overall pick in the 2003 draft a debate has raged over who was the better of the two basketball superstars. Jordan … Read more
By Frank Jack Daniel NEW DELHI (Reuters) – Shanghai looks set to become the headquarters of a development bank being launched by the BRICS emerging market nations, despite fears by some members of the group that China could hijack the bank to serve its interests. Brazil, China, India, Russia and South Africa are due to sign off on the new institution on Tuesday, along with … Read more
My first engagement with Richard van Rensburg was in the dot com heyday when he was charged by Datatec and Wooltru to run a business called Affinity Logic. That was ahead of its time, as was now Pick n Pay chairman, then joint CEO Gareth Ackerman’s drive into financial services in 1997 with Go Banking. But … Read more
By Matthew Lester There is going to be heated debate in retirement planning circles as a result of the proposed amendment to implement annuitisation requirements on provident funds with effect from 1 March 2015. Don’t panic. National Treasury has observed the vested right of provident fund members to be exempt from the new requirements. … Read more
By Mike Collett and Andrew Downie SAO PAULO (Reuters) – FIFA president Sepp Blatter on Wednesday all but confirmed he would run for re-election despite criticism the game and organisation have been tarnished by accusations of corruption during his long reign. World soccer’s governing body is reeling after allegations in Britain’s Sunday Times that a … Read more
The wages of sin is death, The wages of economic mismanagement is a downgrade by the global Ratings Agencies. On Friday, the misguided South African economic policymakers are about to get a very cold shower after ignoring numerous warnings to change their ways. And as SARB Governor Gill Marcus told the nation this week, the … Read more
Among the benefits of being based at the JSE is attending events that might otherwise be missed. This afternoon threw up a pleasant example when the Investment Analyst’s Society invited Dr Jakkie Cilliers to update them on the Institute for Security Studies’ acclaimed “SA futures 2030” scenarios. The ISS’s projections for last week’s election (ANC … Read more
* Swiss to vote on proposed minimum wage on May 18 * Follows votes to curb immigration, executive pay * Poll shows 64 pct reject the measure * Some firms have hiked low salaries ahead of vote By Silke Koltrowitz ZURICH, May 12 (Reuters) – Swiss business leaders shocked by past popular votes to cap … Read more