Large corporates whose business has thrived because of inequalities, could be hijacking the anti-racist movement by offering money and not tangible changes
Banks argue the Competition Tribunal has no power to call out foreign firms on cartel conduct
The financial sector must recognise that including environmental, social and governance concerns in its allocation decisions can be good for business
The Competition Commission has 40 working days in which to redraft its case against banks
Experts say falling liquidity raises the risk that it will be more difficult to sell the bonds in the event of any deterioration in sentiment.
Global stocks fell and the dollar tumbled on Monday as a fire sale of Bear Stearns and an emergency Federal Reserve cut of a key lending rate sparked fears that a worldwide credit crisis will claim more casualties. European shares sank more than 3%, following a sell-off in Asia where Japan’s leading indexes shed more than 3,5%.
The global credit crunch claimed its biggest victim yet on Friday when the United States Federal Reserve orchestrated an emergency bail-out for Bear Stearns after a cash crisis prompted a run on the US’s fifth-biggest investment bank. President George Bush sought to calm fears of a deep recession in the world’s biggest economy.
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/ 19 October 2007
The responsibility of addressing South Africa’s apartheid past lies within the country itself and not the United States courts, Justice and Constitutional Development Minister Brigitte Mabandla said on Friday. In a statement issued by her office, she reiterated the government’s stance against the case brought by a group of apartheid victims in US courts.
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/ 15 October 2007
Victims who filed suit for $400-billion against United States businesses allegedly complicit with the former South African apartheid regime have found new hope following a federal court ruling in the US. "The appeal court decision is a major victory," said Michael Hausfeld, a lawyer for the victims on the heels of Friday’s decision by a Manhattan federal court.