Daily Archives: June 3, 2013

Market Commentator Weekly: Piet Viljoen – RE:CM

Sticking to an investment strategy. ‘Investors love stories,’ and ‘there’s always a story going on.’

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What next for the rand: R9 or R12? Sean Ashton – Anchor Capital

“Investors…don’t like to see images…of people getting shot and public unrest.’

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Markets and Lonmin NUM leader shot: David Shapiro (Sasfin) & Peter Major (Cadiz)

Market plunges; and Peter Major optimistic for government to take a firm stand at mines.

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Few organisations ready for Popi

Fines of up to R10m and brand damage await transgressors.

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Tuskys directors’ feud sucks in audit, registry companies

An auditor has been caught up in the middle of a fraud case pitting directors of Tuskys Supermarkets with a director alleging that the firm facilitated the creation of dubious companies.

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NSSF sued over domestic workers’ pension directive

The National Social Security Fund (NSSF) faces a legal battle in its bid to enlist domestic workers to its old age benefit schemes without the blessings of families that employ them.

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PSC says it will follow the law in paying legislators

The Parliamentary Service Commission (PSC) has said it will follow the law in paying MPs who have threatened to starve the government of revenue if their salaries are not increased.

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Fresh fighting hurts Kenya, Ethiopia trade

Trade between Kenya and Ethiopia has been disrupted by fresh clashes around Kibish on the border between the two countries.

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High Court upholds award of tender to Chinese firm

The High Court has made a landmark decision allowing the Public Procurement Administrative Review Board to intervene in resolving tender disputes even before a contract is awarded.

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Uhuru says county commissioners here to stay

President Uhuru Kenyatta has clarified that county administrators are here to stay, contrary to an impression he had given on Saturday that governors would be left alone to run county affairs.

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Church sacco bets on property market

Christ is the Answer Ministries (Citam) is seeking to tap into the property market to raise revenue for supporting its social programmes.

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Now MPs query huge foreign funding for CIC

MPs have questioned the huge funding of the Commission for the Implementation of the Constitution by foreign donors after the Treasury allocated it only a third of the Sh1.2 billion it requested.

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Tough visa restrictions hamper trade in Africa

Kenya faces an uphill task in its renewed campaign to grow trade with other African countries as stringent visa requirements restrict movement of traders.

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Earnings by airlines to rise, Africa in flat growth

Airline earnings are forecast to rise 20 per cent this year than initially projected except in Africa where they will be flat, the International Air Transport Association said on Monday.

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