MTN Zakhele postponed trading: could it be a blessing in disguise?

The delay in the listing of MTN Zakhele has been widely criticised by shareholders waiting to trade months after the promised date. But it’s not all bad. In this thoughtful contribution, BEE share specialist Craig Gradidge argues that there is a bright side to the postponement. And uses hard numbers to support his view. – AH … Read more

green rating

Cape Town ranked world #1 by Guardian, NYT

From the SA Press Association: The news that Cape Town has been ranked as the top holiday destination for the year by British newspaper The Guardian and the US’s The New York Times was welcomed by Western Cape tourism MEC Alan Winde on Monday. “This is great news for our city’s tourism sector and excellent … Read more

Investing in bonds: What the risks are and how to read the yield curve

If you have savings in a retirement fund, you most likely have a stake in bonds. These are traditionally regarded as safe investments that produce a steady income and are used to act as a counterweight to riskier equities (or shares) in an investment portfolio. Bonds, also called gilts, are a type of debt. In … Read more

SANRAL admits e-toll collection “glitches”

From the SA Press Association: The SA National Roads Agency Limited (Sanral) admits some glitches have been experienced in the e-toll collection system, The Citizen reported on Friday. Spokesman Vusi Mona told the newspaper there had been some “genuine” complaints about the system. “There are genuine customer complaints. There is no system that is foolproof … Read more

SANRAL: We haven’t lied about 936 000 sold e-tags

From the SA Press Association: Sanral has denied claims that it lied about the number of e-tags in circulation, Business Day reported on Thursday. “It would be downright stupid of us to lie about this,” SA National Roads Agency Limited (Sanral) CEO Nazir Alli was quoted as saying. Responding to claims by the Opposition to … Read more

Namibian rhino hunting permit to fetch $1m

The debate between conservationists and hunters is likely to ratchet up a few notches after disclosures a Texan hunting club secured a permit to hunt a Namibian rhino – and expects it to sell for up to $1m.  The news has led to extreme outbursts, some so threatening that the FBI has been called in … Read more

Russians trawlers illegally plundering African fish

From the Associated Press: ZUCHINCHOR – More than 300 fishermen in southern Senegal have urged their government to crack down on Russian trawlers operating illegally off the coast of this West African nation, saying their livelihoods are at stake. Irama Djiba, president of a fishing association in the regional capital of Ziguinchor, said Wednesday the … Read more

Bosveld Phosphates explains leak into Selati River

Statement from Bosveld Phosphates:  Bosveld Phosphates regrets to confirm that due to exceptional rainfall in late December, an impoundment dam at the company’s fertilizer manufacturing plant in Phalaborwa overflowed, resulting in a spillage of contaminated process water into the Selati River for a brief period on 3o December 2013. Bosveld engineers responded immediately to the emergency … Read more

10 day ultimatum for Zimbabwe platinum miners

From the Associated Press: HARARE: Zimbabwean authorities have given platinum miners 10 days to submit proposals to build a refinery by the end of the year. State media reported today that mines ministry official Francis Gudyanga said miners will be forced to stop exporting raw platinum if they fail to build the refinery by December. … Read more