UPDATE: Is Bernie indispensable to Formula 1?

Yesterday we reported that F1 supremo Bernie Ecclestone had bought his way out of a potential jail sentence; a sentence he was fighting in German courts on charges of bribery. Bernie vehemently denied the charges, of course, claiming that any payments made to Gerhard Gribkowsky were to end blackmail threats that the banker would hand … Read more

How Naspers CEO Koos Bekker beat the New York Times at its own game

Michael Moritz, chairman of Silicon Valley’s famous venture capital firm Sequoia Capital, is one of the professional social media site LinkedIn’s select band of blogging Influencers. His latest contribution has a decidedly South African flavour. He has kindly agreed to allow Biznews to republish it. For the original article and more of Moritz’s insights on … Read more

S&P Dow Jones launches Indices for Africa – the cornerstone for global investors

Today the S&P Dow Jones Indices launched what it calls ‘the deepest and most extensive suite of African equity indices currently available to investors.’ Fourteen new equity indices covering thirteen African markets were launched, providing investors in Africa, as well as those outside, with a comprehensive offering of indices measuring the performance of the African … Read more

US applies financial sanctions on Putin, cronies

From the Associated Press: Increasing pressure on Russia for its incursion into Crimea, the U.S. on Thursday sanctioned some of President Vladimir Putin’s close friends and associates, members of his inner circle, government officials, some of the richest men in the country and a major bank. The latest punitive measures freeze any assets that those … Read more

Wenger

No chop for Wenger

Guillotine for Arsenal’s Arsene Wenger?  Why it just won’t happen – Part One   The biggest story in Sports right now is speculation one of the most successful football managers in history will be fired. Arsenal’s long-serving French polymath Arsene Wenger is accused of having lost the plot. My research unearthed a fascinating tale and … Read more

harding

The Times editor goes

Editor of The Times resigns after realising Newscorp’s boss Murdoch wants him out During economic upswings, in the business sector the innovators and builders are desired most. But when conditions turn, capital – accountants, managers – takes a tight hold. James Harding, 43, editor of one of the world’s great newspapers become the latest casualty … Read more