admin. . . as European stocks steady
LONDON. — European stock markets steadied last Friday but the euro fell at the end of a week marked by an EU summit on the Greek crisis, new rules to control eurozone budgets and massive central bank funding for banks. In afternoon deals, London’s FTSE 100 index of leading shares dipped 0,10 percent to 5 925,69JSE dips on profit taking
JOHANNESBURG. — The JSE extended losses at noon last Friday, with banking and general mining shares leading the downside amid profit taking. Telkom’s share price continued to slide over market speculation that South Korea’s KT Corporation may drop its offer to acquire a 20 percent stake in the country’s largest fixed line
Malema asks to stay in ANC despite expulsion
Speaking at a gathering of the ANC’s women’s wing on his 31st birthday on Saturday, Malema said he would not challenge the ANC in court over his expulsion for bringing the party into disrepute, even though he believed he had done nothing wrong.
Instead, he has asked the ANC’s disciplinary council to allow him to keep his party membership even if stripped of the presidency of its Youth League.
“If we made a mistake, discipline us. Don’t throw us in the dustbin,” South Africa’s Sunday Times quoted him as saying.
Expelled from the party on Wednesday, Malema was given 14 days to appeal against the ruling.
An appeal would have allowed him to stay in his position as party leader of the youth wing until the appeals process was exhausted.
The ANC handed him a five-year suspension in November after finding him guilty of violating ANC rules by causing rifts in the group and undermining its credibility with calls for the overthrow of the government of
Successful businesses solve problems
There are many reasons why people become entrepreneurs and the critical one is to succeed in a chosen business venture. They bring onto the market products that they want to sell and if the product solves a business problem, the voilume of sales can easily measure its popularity. For one to be called a successful orGreening the economy: Play your part
Last Saturday, March 3, Africa celebrated the Africa Environment Day (AED) at a time when the continent is faced with serious environmental risks, which are predominantly a product of irresponsible human activity over many years, particularly from developed countries. The day, which has been celebrated on March 3Savanna commissions new machine
Business ReporterLocal cigarette manufacturing company Savanna Tobacco has commissioned a new 20-pack cigarette-packing machine that will boost the company’s competitiveness and production. The commissioning of machine, manufactured by Focke and Co of Germany, comes barely three months after the company successfully installed and
Establish independent diamond body — Biti
Martin Kadzere recently in South AfricaTHERE is urgent need to establish an independent body to oversee the production and sale of diamonds, as recorded output of the gem appears grossly understated, Finance Minister Tendai Biti has said. The minister said while Zimbabwe was projecting an output of about 45 million carats this year, it has since been