• Zimbabwe: More Companies to Close

    MORE companies could be heading for the corporate graveyard during the second half of the year as lack of cheap working capital, high labour costs and stiff competition from imports continue to choke industry and commerce. Business also has to contend with using antiquated equipment, high licence fees and utility bills that are making the revival of local industries impossible in the short-term. Judicial managers and liquidators, who take over management of firms under liquidation, charge either a percentage of the portfolio or asset value of the company, which is negotiated up to about 5,5 percent. The past five years have seen local firms bleed heavily, with many of the struggling companies stampeding to the High Court in search of refuge from marauding creditors under the guise of judicial management.

    AllAfrica.com q
  • Ertugral explains Myeni sale

    Muhsin Ertugral has explained why Orlando Pirates have put winger Sifiso Myeni on the transfer list. Myeni has been a regular at the Buccaneers since joining in 2012, and the decision to place him on transfer was a little surprising. Ertugral indicated that Myeni, now 28, has been put on transfer to make space for new signing Riyaad Norodien. Players are like the stock market – we have a lot of fantastic wing players in the country and here at Pirates.

    The Citizen q
  • 6 cows, R7.8m for Zuma, no bull

    When President Jacob Zuma visited the community of Letlhabile, just outside Brits in North West yesterday, he was looking for ANC votes in next week’s municipal elections, but he may have stumbled on a solution to his personal financial woes. The local business forum were so pleased with his presence they presented the president with a gift of six cows and offered to pay the R7.8 million Nkandla bill the Constitutional Court slapped on him. Yesterday, the people of Madibeng Municipality, beset by water shortages amid other service delivery problems, made Zuma, in town to address a Siyanqoba mini-rally as the campaigning for next week’s elections wraps up, an offer he would find hard to refuse. Zuma dedicated more than half of his speech to history lessons, in an effort to stop the local community from abandoning the ANC.

    Independent Online q
  • Mazibuko rips into DA’s white males

    Johannesburg - Former DA parliamentary leader Lindiwe Mazibuko has urged the DA to interrogate the almost exclusive dominance of white males within the party’s “brains trust”. Mazibuko, a resident fellow at the Harvard Institute of Politics, has referred to them as “highly disconnected men callously strutting about social media like a law unto themselves”. She commented online about DA leader Mmusi Maimane’s anti-racism pledge this week: “It would be easy to cast aspersions on his timing and see it as reactionary, but one of the vital tasks of any public leader is to read the national mood and interrupt the conversation in a way that is productive and shows leadership. “The party,” she says,

    Independent Online q
  • Nigeria: Stephen Keshi Laid to Rest

    It was an emotion-laden atmosphere at Illah, Oshimili North Local Government Area of Delta State, on Friday as the remains of former head coach of the Nigeria's Super Eagles, Stephen Okechukwu Keshi, were laid to rest. Keshi was buried in a tomb within the compound of his personal house in Ukpologwu Quarters in Illah, the football icon's hometown, after a requiem mass at the Saint John the Evangelist Catholic Church, in Illah town. Although Federal Government's presence was again conspicuously absent, like during the ceremony of lying-in-state and tributes at the Stephen Keshi Stadium, Asaba on Thursday, the strong presence of numerous former members of the Super Eagles, particularly the victorious

    AllAfrica.com q
  • 'Hack and kill all whites' EFF candidate disqualified

    Late on Friday, the Electoral Court found in favour of the IEC’s request to bar from the elections EFF candidate Thabo Mabotja, who was registered to contest Ward 7 in Tshwane on Wednesday. He allegedly wrote on Facebook that all white people needed to be hacked and killed. The IEC made its case in court that the EFF had already distanced itself from Mabotja, and therefore there was no reason why he should be allowed to stand in a country that was diametrically opposed to the hate speech Mabotja is believed to have expressed. Advocate Leah Gcabashe said he should not be elected “at this stage” in South African politics to represent South Africans at municipal level. EFF leader Julius Malema said

    The Citizen q
  • Paris Hilton gushes over Black Coffee

    South African Communist Party general secretary Blade Nzimande took a swipe at the Democratic Alliance on Saturday saying that the party had been described by former president Nelson Mandela himself as a “party of white bosses and black stooges” and asked why the party...

    Times LIVE q
  • How to sell a R5 coin for R50000

    The R5 coins with the face of former president Nelson Mandela have a special nostalgic appeal, and the most recently issued one was to celebrate his 90th birthday in 2008. But would you believe it if you were told that one of these 90th birthday coins sold for R2.5 million? Others sell for anything between R50 000 and a couple of thousand rands. These, remember, are simply R5 coins. There is nothing special or rare about them – more than 22 million were issued by the South African Mint. But a lucrative trade has developed in which clever sellers convince gullible buyers that certain R5 Mandela coins are extremely rare and are therefore worth a lot of money. Any coins could be sold in this way,

    Independent Online q
  • Zimbabwe: If not Mugabe, then who?

    On Wednesday, Robert Mugabe had an instruction for members of my tribe. “Journalists, tell those you are representing that Robert Mugabe is still here, well and strong. This is me, and my people are going to have me for some time,” he said, in a rousing speech delivered at a supporters rally in Harare. We won’t be implementing this instruction on these pages. Mugabe’s right on one thing: yes, he’s still here, he’s still in charge. But no one’s quite sure for how long, because recent events have left the Zimbabwean president weaker than ever before. The #ThisFlag campaign represents an unprecedented expression of people power which if harnessed effectively could topple the whole system, Arab Spring-style.

    Daily Maverick q
  • 'All whites must be hacked and killed'

    National spokesperson of the Economic Freedom Fighters (EFF) Mbuyiseni Ndlozi said the party was looking into a matter that allegedly involves one of its members. A screenshot bearing what appears to be the name of EFF member Thabo Mabotja is making the rounds on social media. In the screenshot are the words “All white people must be hacked and killed”. Mabotja could not be immediately reached for comment regarding the matter. The Independent Electoral Commission of SA (IEC) was also reportedly trying to contact him to summon him for an official investigation, but could also not locate him on Thursday. Ndlozi said the party was aware of the incident, but they were still looking into the factuality

    The Citizen q
  • Zimbabwe: Fed Up, Unafraid, and Just Getting Started

    Through social media, Zimbabweans in the country and diaspora have been organising, debating and planning with great effect. But the movement must now evolve if it is to continue to grow. When the Zimbabwean government arrested Pastor Evan Mawarire earlier this month, it came as no surprise. Legal harassment has become a standard tactic of the ruling ZANU-PF in dealing with individuals it sees as a threat. However, by prosecuting Mawarire - the social media savvy man behind the popular #ThisFlag movement and a successful national "stay away" on 6 July - the government inadvertently gave the movement a substantial boost. On 13 July, the day of the pastor's trial, the government's miscalculation

    AllAfrica.com q
  • Nigeria: Indonesia to Execute Nigerian, 13 Others Drug Convicts This Week

    Indonesia will execute 14 drug offenders, most of whom are non-Indonesians, said the country's attorney general on Wednesday. The announcement spurred United Nations human right officials to urge the country's government to rethink the "unjust" use of capital punishment. Though four are reportedly Indonesian, 10 others are from South Africa, Nigeria, Zimbabwe, Pakistan and India. Attorney General Muhammad Prasetyo said the executions are expected to begin as early as Friday and completed no later than Sunday. The planned executions come after the 14 executions of drug offenders last year. The government has put more men to death in the last two years than it had in the previous decade. "The increasing

    AllAfrica.com q
  • THICK END OF THE WEDGE: Apartheid relic Eskom holds back transformation

    IMAGINE, for a moment, a world in which South African Airways (SAA) owned all the airports in the country. Imagine all the food stores in the country were owned by farmers. Or that all the roads were owned by BMW. Whenever SAA couldn’t fill its seats, it would just charge other airlines more to arrive and depart. Whenever farmers’ harvests were poor, they could charge people more to buy food. Whenever car sales fell, BMW would simply charge more to use the roads. Monopolies have the same effect on economies as cartels do. They charge consumers what they like — and what they like is inevitably high. But only cartels are illegal. Instead, in a country in which a whole ministry, economic development,

    Business Day Live q
  • ANC will keep all of its 10 municipalities in Gauteng, Paul Mashatile says

    THE ANC in Gauteng said on Thursday that it was preparing for total victory in next week’s municipal elections, and that it would retain all 10 municipalities it leads in the province. Provincial chairperson Paul Mashatile said the ANC would deploy four party agents in every voting station and other volunteers around the province to make sure everything went smoothly. "We are calling on all other political parties to work together. Come August 3, we will win the elections‚" he said in a press briefing at Ruth First House‚ in Saxonwold. Mashatile said allegations that the ANC would "steal" votes were just an excuse by political parties that knew they would not win the elections. "The DA can’t

    Business Day Live q
  • Ministering to the needs of her master

    While Communications Minister Faith Muthambi may be in charge of communicating, up to now, she has failed dismally in doing so. I attended a discussion on the importance of community news and state-owned enterprises in Pretoria yesterday, at which Muthambi was a guest speaker. The message in her speech boiled down to mainstream media versus community media. Community media needed to be strengthened, she said. Mainstream media was portrayed as the big bad wolf. She went on to praise the SABC for its decision not to give free publicity to commercial newspapers, having gone as far as canning its radio show The Editors, in which newspaper headlines were read. As most people are aware, the SABC was

    The Citizen q
  • PSL acting CEO lauds Sundowns

    Johannesburg - The Premier Soccer League (PSL) acting Chief Executive Mato Madlala has heaped praise on Mamelodi Sundowns following their qualification to the CAF Champions League semi-finals on Wednesday evening. The reigning Absa Premiership champions secured a passage to the CAF Champions League last four phase with a game to spare after they notched up a 1-0 victory against Egyptian giants, Zamalek in the at the Lucas Moripe Stadium on Wednesday night. Madlala said: “We would like to congratulate Mamelodi Sundowns for reaching the semi-finals of the CAF Champions League. And to achieve this milestone with a game to spare in the group stages is an impressive feat. Mamelodi Sundowns have been

    Independent Online q
  • 'Crude‚ silly painting won't distract us': Mmusi Maimane

    The Democratic Alliance's leader (DA) says a painting posted on Twitter by controversial “Sushi King” Kenny Kunene‚ depicting three of its members in their birthday suits‚ is irrelevant. Kunene posted a photo of himself behind the image saying‚ "I am now a proud owner of this master piece. Powerful story telling through art...Thanks to the fearless Artist..." The painting portrays what appears to be Western Cape premier Helen Zille‚ DA leader Mmusi Maimane and DA shadow minister of correctional services James Selfe with their private parts exposed. Maimane is pulling a cart carrying Zille and Selfe. The words "modern slavery" are hanging from the cart. The DA leader is no strangers to accusations

    Sowetan LIVE q
  • My hell at the SABC

    SABC contributing editor and specialist anchor Vuyo Mvoko speaks out about Hlaudi Motsoneng and Jimi Matthews. Johannesburg - The SABC has never been a paragon of a great anything. It has been a work-in-progress, with degrees of success as generations of well-meaning South Africans tackled the extraordinarily and complex task of undoing decades of apartheid misuse of this national asset. Of course not everyone covered themselves in glory at it - including former news tsar Snuki Zikalala, a comical Ali of not insignificant proportions. He did for president Thabo Mbeki at the time, what Motsoeneng is doing for President Jacob Zuma now - singlehandedly arrogated unto himself the right to speak for

    Independent Online q
  • ‘Let go and be our guardian angel’ - Western Cape

    Cape Town - Naaziyah Manuel, the 11-year-old Mitchells Plain girl, has died after facing a six-month battle with cancer. Four months ago, the Cape Argus reported on a fundraising campaign her family had started in order to secure money for her treatment. On Wednesday, her father, Moenieb Amien, confirmed Naaziyah died in her hospital bed at the Red Cross Children’s Hospital on Monday at about 11.30pm. “Naaziyah was with her mother at the time of her death. The two of them were alone in the room and my wife told her that we love her, that she shouldn’t worry about us and that it was okay to let go; she could be our guardian angel. “After hearing those words from her mother, Naaziyah let out a

    Independent Online q
  • Malema wants old age grants increased to R3‚000

    Economic Freedom Fighters leader Julius Malema has told the people of ward 49 in Kanana‚ Hammanskraal‚ that social grants need to be increased in order to meet their basic needs. This comes as a few residents took to the stage to express their concerns with problems ranging from poverty and housing to better service delivery. “You worked hard for this place to be where it is but today when you raise concerns‚ they [the ANC] threaten you that if you vote for anyone else‚ they will take away your pensions. You must tell them before they take your pension‚ they must start with their mothers and grandmothers because they also get pensions‚” Malema said on Thursday afternoon. He said the ANC was going

    Sowetan LIVE q