Mboniso Sigonyela Stubborn inflation figures continue to threaten the Reserve Bank’s inflation targeting measures, but the hard-pressed retail sector may breathe a sigh of relief after March’s broad-based price increases. The uninspiring inflation release confirmed the market’s fears as the bank’s inflation targeting measure, consumer price inflation excluding interests on mortgages (CPIX), posted a 7,5% […]

Jubie Matlou Adifficult choice confronts the South African Revenue Service (Sars) regarding the taxation of intangible digital goods purchased over the Internet. This includes digital messages, software, multimedia files and film and audio recordings. A tax void exists for both local and international transactions of such goods. Electronic commerce business transactions operating in cyberspace create […]

The government has won its fight with pharmaceutical companies over parallel importation and other methods to reduce drug costs Belinda Beresford At the 13th hour the pharmaceutical industry backed down. The law it fought for three years to prevent being enacted will go ahead, unchanged. And the ramifications go far beyond South Africa’s borders. By […]

Justin Arenstein The Dolphin Group has closed its South African head office and is fighting to save two of its local flagship hotels after mismanagement plunged the leisure group into financial crisis. Dolphin officials confirmed that the Dubai-based corporation retrenched its head office staff in January after failing to pay rent at its plush Sandton […]

Ntuthuko Maphumulo cycling The Vodacom Ride for Victory cycling competition will showcase some of the top cyclists in the country. The May 6 cycling challenge is a 115km route through the picturesque Suikerbosrand nature reserve. The morning race will be for the top cyclists, followed by amateur cyclists and enthusiasts. The professional cyclists will gain […]

Bruce Whitfield Illovo is facing political opposition to the sale of its stake in a local sugar and hotels group in Mauritius. Illovo’s sale of its 80% stake in Mauritius-based sugar and hotels group Mon Tresor Mon Desert (MTMD) could be reversed due to pressure from that country’s official opposition party and trade unions. They […]

Alex Sudheim preview OFTHEWEEK ‘The kids of today should defend themselves against the Seventies it’s not reality, just someone else’s sentimentality,” intoned an earnest Eddie Vedder a few years back. If by ”the kids of today” the Pearl Jam frontman meant the young members of Siwela Sonke Dance Theatre, they’re defending themselves pretty well, albeit […]

David Beresford Another Country The passions stirred by a letter last week with regard to Another Country could not be accommodated in the usual place this week and are published below instead. Readers pay the price Dear Sir, I quite agree with the comments made last week by Mr B Potgieter. I, too, have been […]

NAWAAL DEANE and MUNGO SOGGOT, Johannesburg | Friday NATIONAL Police Commissioner Jackie Selebi has denied he fled the scene of the Ellis Park soccer stampede, amid allegations from other police officers that, after attending as a spectator, he abandoned the stadium and only returned later in a police helicopter. Selebi says he played a key […]