Business Report

NEWS

Da Gama textile to shed 761 jobs 2010-09-03 09:38:01 Textile company Da Gama will retrench 761 workers -- 60 percent of its work force. [Full Story....] 0 Comments

SA govt, strikers brace for new wage talks 2010-09-03 11:11:01 Striking South African state workers held small-scale protests as union and government negotiators prepared for bargaining next week aimed at ending the three-week walkout by about 1.3 million. [Full Story....] 7 Comments Strike cancels out World Cup benefits - SACCI Doctors call for resolution to public sector strike Strike impasse costs R350m a day

Monetary policy decisions are 'complex' 2010-09-03 11:41:01 Monetary policy and interest rates decisions are complex, says Reserve Bank Governor Gill Marcus. [Full Story....] 0 Comments

KwaZulu-Natal striker guilty of intimidation 2010-09-03 12:10:01 A KwaZulu-Natal woman has been found guilty of strike intimidation by the Durban Regional Court. [Full Story....] 0 Comments

Strikers set alight non-striker's car in Eastern Cape 2010-09-03 12:12:01 Striking workers at the Eastern Cape health department in King William's Town have set alight a non- striker's car. [Full Story....] 0 Comments Strike cancels out World Cup benefits - SACCI Strike impasse costs R350m a day SA govt, strikers brace for new wage talks KwaZulu-Natal striker guilty of intimidation

Blackwater created shell companies - report 2010-09-04 07:21:01 The security company Blackwater Worldwide formed a network of 30 shell companies and subsidiaries to try to get millions of dollars in government business after the company faced strong criticism for reckless conduct in Iraq, The New York Times reported. [Full Story....]

Mozambique 'lost $3m because of riots' 2010-09-04 07:24:01 Mozambique's economy has lost more than $3-million because of deadly riots over the rising prices of food and other goods, the government said. [Full Story....] Price hikes in Mozambique 'irreversible' - government Mozambique retail sector set to soar: JHI

Economists expect 0.5 percent cut in interest rates 2010-09-03 18:05:01 A 50 basis point cut is expected for SA's repo rate at the Monetary Policy Committee meeting next week Thursday. [Full Story....] 0 Comments

Public Service Commission urges wage talks 2010-09-03 17:25:01 The Public Service Commission (PSC) urged negotiators to find common ground with unions as the nationwide public sector strike was affecting service delivery. [Full Story....] 0 Comments

SA to wait weekend for unions' decision 2010-09-03 17:20:01 South Africa will have to wait the weekend to find out if public servants start their fourth week of strikes or accept the government's latest wage offer. [Full Story....] 0 Comments Doctors call for resolution to public sector strike Strike impasse costs R350m a day SA govt, strikers brace for new wage talks Ordinary citizens not state will pay for strike - DA

De Lille joins Western Cape government 2010-09-03 17:24:01 ID leader Patricia de Lille will join the Western Cape government as social development minister. [Full Story....] 0 Comments De Lille slams cellphone operators ID wants commission to monitor state corruption De Lille claims cell phone costs victory De Lille defends Vavi

Suspect deals rift but I'm innocent: Cele 2010-09-03 17:19:01 Police top brass abused a 2006 decision to let the force manage its own properties as carte blanche to award irregular contracts that wasted millions and enriched outsiders. [Full Story....] 0 Comments Cele defends new for new building Police will not join strike - Bheki Cele

Selebi hints at 'improper' prosecution ahead of appeal 2010-09-03 17:25:01 Former national police commissioner Jackie Selebi has asked his lawyers to tell "authorities" that his corruption prosecution may have been improper. [Full Story....] 0 Comments

Ordinary citizens not state will pay for strike - DA 2010-09-03 15:06:01 Ordinary South Africans, not the government, will ultimately pay for the ongoing public service strike. [Full Story....] 0 Comments

Green car tax makes tax experts see red 2010-09-03 14:44:01 This week's introduction of a carbon tax on vehicle emissions at point of purchase of cars continues to rankle. [Full Story....] 0 Comments Gordhan, car manufacturers agree on enviro taxes No easing of British tax burden within five years - Alexander Taxpayers must check provisional status Hot money tax debate leaves some cold

Hot money tax debate leaves some cold 2010-09-03 14:43:01 The ANC will this month debate whether to slap a tax on hot money flows into South Africa. [Full Story....] 3 Comments Sars to assist taxpayers in their communities Gordhan, car manufacturers agree on enviro taxes No easing of British tax burden within five years - Alexander Taxpayers must check provisional status

Steel pricing concerns 2010-09-03 14:00:00 The prospect of introducing legislation to force steel producer ArcelorMittal South Africa to pursue a more "developmental" pricing policy was raised yesterday by the portfolio committee on trade and industry. [Full Story....]

Union leaders to explain latest pay offer to workers 2010-09-03 12:17:01 Union leaders will explain the finer points of the government's revised pay offer to striking public servants over the weekend. [Full Story....] 4 Comments Doctors call for resolution to public sector strike Strike impasse costs R350m a day SA govt, strikers brace for new wage talks Strikers set alight non-striker's car in Eastern Cape

Numsa march begins 2010-09-03 10:53:01 Striking motor industry workers began marching from Botha's Park to the Durban City Hall. [Full Story....] 0 Comments

No more room for manoeuvring - Baloyi 2010-09-03 09:39:01 There was no more room for manoeuvring in the government's wage offer to striking public servants. [Full Story....] 0 Comments No cash for public salary increases - minister Baloyi refuses to budge Trade unions criticise Baloyi Baloyi to iron out government wage discrepancies