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Sport Ministry Denies Hotel Room Trashing

Published by on Aug 28th, 2011 5:46 PM, No Comments

Allegations that sport ministry staff trashed a luxury hotel suite booked in the name of President Jacob Zuma at an awards ceremony at Sun City last week are “entirely false”, a spokesperson for Sport and Recreation Minister Fikile Mbalula said on Sunday.

Read the rest of the article here. (via The Mail and Guardian)

Five Percent Payrise for All the President's Men

Published by on Aug 28th, 2011 1:32 PM, No Comments

Five Percent Payrise for All the President’s Men

Ministers, MPs, magistrates, the president, premiers, judges, and traditional leaders have been granted a humble 5% salary increase, almost making those public servants (6.8%) look greedy.

But then again, they get paid a bit more. There are even plans link the top dogs’ pay to performance in future, CARIEN DU PLESSIS reports.

Read the full story here (via The Daily Maverick)

The Jews Can Help - Motlanthe

Published by on Aug 28th, 2011 12:42 PM, No Comments

The Jewish community can help the country to deal with the high unemployment rate, deputy president Kgalema Motlanthe said on Saturday.

“I believe that the South African Jewish board of deputies is well positioned to help us answer some of these challenges because of the skills, knowledge and influence your members wields as significant role players in the South African economy,” he said at the South African Jewish Board conference in Johannesburg.

Read the full story here (via IOL)

ANC Revolt Over Malema

Published by on Aug 28th, 2011 8:45 AM, No Comments

ANC Revolt Over Malema

There is an open revolt in the ruling party over this week’s Waterloo disciplinary hearing against ANC Youth League president Julius Malema.

City Press is in possession of audio material in which senior Limpopo ANC leaders aligned to Malema can be heard urging league members to revolt against the ANC leadership for bringing misconduct charges against him.

Read the full story here (via News24)

Google says it would pay more tax in UK

Published by on Aug 27th, 2011 11:46 PM, No Comments

Google says it would pay more tax in UK

Eric Schmidt, executive chairman of Google, has blamed the Government’s weak tax laws for the fact it pays just £8m of corporation tax in Britain despite making more than £6bn in revenues in this country.

However, Mr Schmidt told the Edinburgh Television Festival yesterday that Google “loves” Britain and would pay more tax if it were legally required to do so. He said the company’s hands were tied by Britain’s low tax demands.

Read the full story here (via The Telegraph)

Singapore Voters Head To Polls To Select President

Published by on Aug 27th, 2011 10:25 PM, No Comments

Voters in Singapore went to the polls Saturday in a presidential election seen as a referendum on the popularity of the Southeast Asian city-state’s ruling party.

The presidency is largely a ceremonial position in Singapore’s parliamentary government, but the election attracted four candidates, the most since Singapore began choosing its president by popular vote in 1993.

Read the full story here (via NPR)

Michele Bachmann Takes Issue With Radical Environmentalists, Signals Stance On Minimum Wage

Published by on Aug 27th, 2011 8:43 PM, No Comments

Michele Bachmann Takes Issue With Radical Environmentalists, Signals Stance On Minimum Wage

Republican presidential candidate Michele Bachmann claims the U.S. has more energy resources than any other country but isn’t exploiting them because of radical environmentalists.

Bachmann says with shale oil, natural gas and coal, the United States shouldn’t be “begging” others for oil and energy supplies.

Read the full story here (via The Huffington Post)

Youth League Claims Malema Being Isolated

Published by on Aug 27th, 2011 4:49 PM, No Comments

Youth League Claims Malema Being Isolated

Julius Malema is being isolated because he advocates economic freedom for African people and nationalisation of mines, the African National Congress Youth League’s (ANCYL) KwaZulu-Natal chairperson said on Saturday.

“All these investigations are not coincidental. He is isolated so that he can be silenced,” provincial chairperson Mthandeni Dlungwana said. Dlungwana was speaking after closure of the ANCYL provincial executive committee’s two-day meeting in Durban.

Read the full story here (via The Mail & Guardian)

Madonsela warns of corruption tipping point

Published by on Aug 26th, 2011 3:48 PM, No Comments

Madonsela warns of corruption tipping point

The cancer of corruption – appropriately referred to as a crime against the poor – is eating public resources at the speed of lightning, Public Protector Thuli Madonsela said on Friday.

Addressing a conference of the Institute of Municipal Personnel Practitioners of Southern Africa, she said if the stories she had heard during the recent road show themed, “The Public Protector dialogues with the Nation”, are proven to be true, “then as a nation we are in trouble”.

Read the full story here (via IOL)

What are you thinking, health minister?

Published by on Aug 26th, 2011 3:39 PM, No Comments

Our national health minister Aaron Motsoaledi has enraged us here at IOL Lifestyle.

We carried a report from the news agency AFP, quoting him as saying that the country will no longer distribute free infant milk to public hospitals and clinics.

Read the full story here (via IOL)

Global governments 'must get tough on obesity'

Published by on Aug 26th, 2011 12:24 PM, No Comments

Global governments ‘must get tough on obesity’

Tougher action – including taxing junk food – is needed by all governments if the obesity crisis is going to be tackled, experts say.

The international group of researchers, who have published a series of articles in The Lancet, said no country had yet got to grips with the problem.

Read the rest of this article here (via BBC News)

SA govt says Libya future must include Gaddafi regime

Published by on Aug 25th, 2011 3:48 PM, No Comments

The South African government believes the way forward in the reconstruction of Libya must be an “all-inclusive process”

This should incorporate elements of Colonel Muammar Gaddafi’s regime, said international relations and co-operation deputy director-general Clayson Monyela. Read the rest of this article here. (via timeslive)

 

 

Reflections of reality

Published by on Aug 25th, 2011 11:13 AM, No Comments

Does India have a bad-debt problem?

A ritual familiar to students of the subprime and euro crises has started taking place on Indian banks’ conference calls with analysts and investors. Read the rest of this article here. (via The Economist)

 

Tax deal with the Swiss defended by UK minister

Published by on Aug 25th, 2011 10:51 AM, No Comments

A UK government minister has defended a deal with the Swiss that could capture tax of up to £5bn but keep account holders’ identities secret

Money held by UK citizens in Swiss bank accounts will be taxed for the first time, at up to 34% of the sum hidden. Read the rest of this article here. (via BBC)

 

 

Twenty Years After Independence, Russia Is in No Mood to Party

Published by on Aug 25th, 2011 8:56 AM, No Comments

Twenty Years After Independence, Russia Is in No Mood to Party

Alexander Smirnov has never gotten over the euphoria of August 1991.

He was a  college student in Leningrad at the time, lanky and pale with Coke-bottle  glasses, and on the morning of Aug. 20, 1991, he walked out onto the central  square of the city to find a sea of people taking part in one of the largest  demonstrations Russia had ever seen. The day before, a military coup had begun.

Read the rest of this article here (via Time Magazine)

France's Mega-Rich Sign Petition Saying They Want Higher Taxes

Published by on Aug 24th, 2011 6:54 PM, No Comments

France’s Mega-Rich Sign Petition Saying They Want Higher Taxes

Warren Buffett is playing well in France.

A group of 16 of the richest people in France has signed a petition asking the French government to increase their taxes. The group includes Liliane Bettencourt, the billionaire heiress of L’Oreal; Christophe de Margerie, the head of oil giant Total; Frederic Oudea of bank Société Générale; and Jean-Cyril Spinetta, president of Air France KLM SA. (Given SocGen’s share price, Mr. Oudea may not have as much wealth to tax).

Read the rest of this article here (via The Huffington Post)

ECB faces showdown over government debt

Published by on Aug 24th, 2011 4:32 PM, No Comments

The European Central Bank’s emergency efforts to address the continent’s debt crisis represent a highly unorthodox leap into politics

But while these steps in recent weeks have helped keep the continent’s crisis at bay, in particular by keeping borrowing costs for several large countries under control, the central bank has not been able to put the European economy on a sounder footing, according to analysts and government officials. Read the rest of this article here. (via The Washington Post)

 

Libya crisis: Doha meeting seeks to raise $2.5bn aid

Published by on Aug 24th, 2011 12:00 PM, No Comments

A donors’ meeting is being held in Doha, capital of Qatar, to raise funds for Libya’s National Transitional Council (NTC).

The target is to raise $2.5bn (£1.5bn) to pay the salaries of government workers as well as funding treatment for people injured in the fighting. Read the rest of this article here. (via BBC)

 

New S.&P. Chief Knows Crisis and Change

Published by on Aug 24th, 2011 11:07 AM, No Comments

New S.&P. Chief Knows Crisis and Change

The new president of Standard & Poor’s is used to dealing with crises, including mollifying angry government officials

That experience should serve the executive, Douglas Peterson, the chief operating officer of Citibank, well at his new job at a ratings agency under fire on multiple fronts. Read the rest of this article here. (via The New York Times)

 

France Prepares To Unveil Broad Spending Cuts

Published by on Aug 23rd, 2011 9:35 PM, No Comments

The French government is set to unveil broad spending cuts Wednesday in order to meet its deficit goals for this year and next, targeting households and companies in moves that could weaken some of the flagship measures of President Nicolas Sarkozy’s tenure.

The government is considering additional budget savings of as much as €4 billion ($5.8 billion) for this year and €10 billion for 2012 in order to stick to its deficit targets and make up for softer-than-expected economic growth, said several trade unionists who spoke to French Prime Minister Francois Fillon on the phone.

Read the rest of this article here (via The Wall Street Journal)

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