‘Modern slavery’ in Malaysia electronics factories: survey

Nearly one-third of the 350,000 workers in Malaysia’s electronics manufacturing sector — a major supplier for leading global brands — suffer labour conditions akin to “modern slavery”, a report released Wednesday said. The study by US-based fair-labour organisation Verite said at least 28 percent of workers toiling in Malaysian electronics factories — particularly foreign migrants … Read more

WEF Competitiveness Report: SA drops to 56, worst spot yet

Geneva, Switzerland, 3 September 2014 – Africa’s economies are enjoying mixed success in their attempts to become more competitive, according to The Global Competitiveness Report 2014-2015, launched today. According to the report’s Global Competitiveness Index, only three sub-Saharan countries (Mauritius, 39th; South Africa, 56th; and Rwanda, 62nd) score in the top half of the world’s … Read more

Actor Robin Williams dead from suspected suicide

Oscar-winning actor and comedian Robin Williams died from suspected suicide on Monday after a battle with depression, triggering an outpouring of anguished tributes to one of the most beloved entertainers of his generation. The 63-year-old star of revered movies such as “Good Will Hunting,” “Good Morning Vietnam” and “Mrs Doubtfire” was found dead at his … Read more

Soco agrees to suspend oil exploration in Congo

By Peter Jones KINSHASA (Reuters) – British oil company Soco International has agreed not to explore in Democratic Republic of Congo’s Virunga National Park unless its government and UNESCO agree it would not threaten the area’s world heritage status. Soco has been at loggerheads with conservation campaigner WWF for months over its activities in Virunga, … Read more

BRIC, MINT or CIVET: What’s the best investment?

From Reuters   * Assets in BRIC investment funds down sharply from 2010 * Economic growth may not convert into stock market gains * Goldman’s BRIC fund down 20 percent in past three years * Acronyms are economic, not investment concepts – inventor * MINT countries offer young, growing populations – O’Neill By Carolyn Cohn … Read more

New property baron Tito Mboweni: Intends turning Fourways into Manhattan of Africa, surpassing Sandton City

Former SA Reserve Bank Governor Tito Mboweni has taken well to business. This morning he ushered in the JSE’s newest listing, Accelerate Property Fund, whose R6bn portfolio is dominated by the Fourways Mall, an enormous development north of Sandton. In this engaging and wide ranging interview, Accelerate chairman Mboweni moves from Nelson Mandela’s turnaround from … Read more