Page 1 . N 이 onger a crime job losses

Pretoria News (www.pretorjanewscoz

Page 1 - Amplats lashed over plan that could lead ，。， ⁴⁰⁰⁰

Page 1 . N ^이 onger a crime job losses

for kids aged between 12 and 16

2

e

놉

’ta r

rage -I . Malema's our leader, sys ally as threats fly Page 8 . ANC attempts to heal rift with youth league

Page 18 . Gauteng has most consumer debt, highest salaries Page 18 . Mining output drop risks boosting trade deficit

U迦ess DaU迦sinessdav·co.za

rage d . Headless SIU takes bite out of Zuma's credibility Page 3 - Business must not be 'bystander' - Ramaphosa Pages . Cash flows into sub-Saharan Africa 'set to rise' Page 12 . Currencies

Pq ri

。 ㅓ

9 _ A

。

iin Mirkif

。

e亘 tizen (www.citizen.coza Page 4 - Shot striker dies in hospital Sowetan (www.sowetanlive.co.za ) Page 3 . Call to reveal hosting costs

뉴스

올랑드 ∥말리 안정될 때까지 프락스구 주두“（쥬하，

, - ■ ∼． , `－』 ^{q ,}

D Y

^{料 \ 「}

I C

K:REA

He noted that in terms of the act,

it would even be an offence if a child

띠교er 16 was kissed on the mouth when relatives came together and greeted each other by kissing.

"This shows the absurdity of

some of the provisions of this act,"

he said at the time.

anything, is added of children by crim-

“鞠玗little, 江 to the protection

consensual

children, a

sexual conduct

it has been arid

among others.

"uv

마

iuy eviaence submitted to

court that children charged under the provisions will be severely harmed," Judge Rabie said.

Omar said the Teddy Bear Clinic was delighted by the court's ruling.

"It promotes the best interests of children by protecting them from being violated by the criminal justice system, therefore advancing the rights of children," she main-

+.,;"^＾규

spokesman for

id reflec柚 canvassed a vie

판 쁘

exploring are ranc1 grounds un

lodged

ii violence

the age of 16 said the decision whether

'ou1d be determined after ia1ysis of the judgment.

iour View...

Comment on this

CHIW followed h

report. SMS the word

N이ongera aged betwe

crime for kids en l2andl6

about the legislation.

no longer a criminal

for children 12 and iS to '

Co

편

ensuaj sexual activj-

each other, the Preto- ruled V1Stpr1,',, Judge

iows, an application last April by the Teddy Bear Clinic for Abused Chil- dren, Supported by the Centre for

獵 this would lead to criminal cl underage pregnant girls not ing to have abortions at din the Act often resulted in ^saj5 against them and their partju

憮麟，狐

^{15court to}S Uflcoflsti-Lged on a The

thetjo justice minister and National Director of Public I cutions.

: While the judge's ruling was

· described as a "victory for the rights

; of children" by the applicant and ITeddy Bear Clinic director Shaheda

- Omar. the Deuartment of Justice

[ and Constitutional Development said it would impact on the escalat- ing rate of sexual violence among children under the age of 16.

In his ruling, Judge Rabie declared the two sections of the Sex-

ual Offences Act, which criminalise

consensual sexual activity between children under the age of 16 years and above 12 years, invalid and

deemed them to be inconsistent with the constitution.

The Sexual Offences Act states that all consensual sexual acts

between children of that age, even kissing and not only penetration,

are criminal offences. This meant

that both consensisal parties faced the possibility of being criminally prosecuted in terms of the act.

The act also stated that any per- son, be it parents, teachers or others,

who were aware of consensual sex- ual activities between children had

to report the children to the police, or face possible prosecution them-

。。」｀淆요

During

Voiced his year, Judge Own concerns Rabie the trial last

，∼，

'',‘

^논，

'-,,,--.-'''

錢功n紀do싣。凶出鷺田p snㅇ써욥섦릅님田山늦셩륭눌。｀｀。컵ㅒ8 섭럴ㅇ0 尸a笏ㄴ甥易出驪 ㅇ凶a螺sas atll 臼’ 릅·螂恥出늠ㅇAd띠룁눌요ㅇ刀出컵胞鸞 ．이·‘띠의럽竇찝써尸1 ·。욉우倉에릅·놉石poo겨놈oq爲섧ㅁ띱·겨 觸｀이。찝져如‘섞섦d논qㅒ111＊져p蠟o〉ㅌ＾ 쩝．셔ㅇ凶ㅇ결。ppH‘螂s。겹．atlll·la님1식싣넉 ．섭섦saㅒ10섦翩石H눌겨台늠。 b믈蔘I鉀ㅇ山。刀익딤pa겹띠띱럽s놈Ipa凶잽뎡 p出져 aH .'aq릅a玆出 臼‘ 옮활섦。5 tx一台ㄴ。do'do싣出出법섧쩝sn요。써턺릅孀써눌 p。매｀出겹。 p틂 졍싣笠｀苗 엶눌 隅써 拓mㄴ，t'o卄겹8 ㅇ싣 .a凶．이七s 。ㅁ 씹 요。鴦日이驪 :＊읕。싣出尸흡 쩝．刀 놉섦ㅌ aㅁop at拓겹 멸끈r .（。일낟요써 鉀勿占으h쩝ㅁ협비 눔g) 뒤ㅇ 릅호뗘 竊ㄴ。겹軫써p뎡단낟여H凶a룔ㅌp려써쩝요겨경蝦 Oㅌ驢孀님a pu嵋 《띠싣츨一q 윕ㅇㅌ 써럽이 I 싣出겹싣 ．ㅇ돕 軫ㅇtls 。싣 싣ㅁ出눌 I a릅껄 s써螺더겁 :patlul＊싣뎡。 出出ssa"11 ·셔닌 .p써出s섭 公‘oP컨럽쩝써plq。t’穫큔 凶룔’든좝出 p써出s 'a>atl a늚겹 H 穗。놈 slt섭욉p11一눌ㅌ띱볍닉ㅇ츤。．섭礪昌잽 ·릅出O뼙8《논낟 。葡겹싣럴m pu出 ㅇ卽。qaq 鷺8여윕tI싣 。싣 p鸞미add出 。51出 ' 拓럽出 싣sam。I。鉀역締턺騫8등Ioloq出컵匍통驕쩝럽렬S 섭ㅇ 出릅蠟겹댑 8 섬as s鸞5 Tx. 텁I －拓뻐겨싣slx一出凶띠出섭aPu읠이p拓겹忘ㅌ O鷺싣 띱럽 섦占 쩝음쩝섧 요Oq며lh띠驪 ·尸dm a螺，rHoJ。q。ㅌ枋璜出汕出s。s이。놉樹ㅌ。s p。gdㅇ 읠띱써 눕。겹H= .a。섭ㅇd atn 겹。．p凶담。쇨릉一s뻐。毛m．·듀룔렬mpu띠 。凶。결핏H 싣noq. p。ㅁ｀·。ㅁ8 싣ㅇㅁ s띠눌 핍써 졉騙 ㅇ乞刀．ㅌ껼P 纖出尸85츨

요룔衍ㅌ이

．ㅌ·一미톤르숩nr..0셀Ir씽섭ODV 닝솔요（。8）논띠Idp딩apl>pldo싣。휼띠 츱 。실 日一겹 ，놈낟。 珊a져 （틥·눌 눔瓮더） ·윕윙Ha （。占） 둬。 ㅂ．尸덥 鉀럽aㅌ （띱헙） 숴띱솥A싣st鱉럽。겹렵띱섭．엶쁩틥．섭눌요蠟日낟 騫ㅇs省a섭욉隅졀切力刀섦셥 놈념 公溜。。s ｀렬。둬。｀응出씌出丹。凶·（졀ㅇ슬。s)d겹1써d d 싣ou sH를 띠鷺ㅒal出戚： '．쩝넒5 0凶ㅇqarl ．恥럽Itlㅒ11실ㅁㅇp윕믿騙公ㅇ刀出흽졉옵 甥ㅁㅒ를驪凶띠 suo쩝螂와·섦읠右 鷺요싣돠낟논。。密·出s써셤럴쬐昌려눠겹出騙듀凶．英솥p瑙쩝띠 럽出ㅌ＝석ㅇds s착ㅇd odㅇd릅쵸

퀼눕貂；右苗．】성0맥：ZV면‘빽듄씌Vl큅 .po凶ㄴ역끔。貪띠ㅌ ,｀曰쩝듀pa싣s핍｀出螺aaq욘컵띠역써aH ·ㅁ띠럽1둬l’역끔O m섭S쁘鮮활꼼0111힐낟00七《H희H섭00SaUI答H 턺딜＊겁蠱ㅂ｀恥ㅇao ㅇ츱ㅇ돠ㅂ뼈p 。츨 ㅌ요둬 ㅇOㅇㅇㅇ탠여 切鷺껍띠졉s Jㅇ 요。刀띠릅出鸞 p。sn。。．윕즐렬Opu이찝‘써．헙ㅇdSJㅇ 섭눠。ㅌ치驪d。n。d옵竇．rl。셥甘헙ㅇd핍 a一SUahoJ 띠 흽a꺾띠 50鷺써00 이숴tI니｀ ·요ㅇ끓릅答蝦笏릅’띠凶出 s섶髓出 al섭 흡H’눌 pau。dㅇ 럽。oq m出겹 싣띠겨싣 as出0 us싣dn`｀。。

옹요츠꿜

se r:Nv l

굽떽둔씸VI囊－ 겯轉

鷺섭 ㅇ실 。O럽힛HOJ윕 竇 s연飇 띱＊겹H ·盈핫Hal써눌as《a 겹듸츨닙88ds실出ㅇ섶？ㄴssp큐出싣돠ㅁ 습ㅇ。 甥ㅇㅌ al럽l닐 s閃눌 鸞ㅇp蠟섭礪곱凶륩。 슭띠5．꿉믓q섭蠟。如。q。q轎pㄴ샅s。돈 !p일·uap에껼Ha一凸

st.tl pu

出 出럽笛엶驪 。凶늠겹。 出

.pua l·

러 ■덥넓 찝겨 겹섭．눌 d。蠟s 。싣 。섭띠겁실렬m pu出읾ㅇ결익H卽듸．섭알七sul· 뛰ㅇ出鷺拓엶戚 p딩룔。。閃졈겁．出럽ㅋ．Zqo。竇’륩음H.s。·出 Jㅇㄴ參Hoddns。ㅂa釀出．鸞ㅇ끊拓出戚 ·며p尸隅山驪 Fa겁싣。ㅌ a笏I 尸出ㅌ。I出驪 Jㅇ 拓pㅇq a셥 aㅌ쐽써驢 ㅇ싣 paus出팝졈 台럽a 흽柚令쇽出 。Iㅇ결出ㅌ出鸞 'a싣J出 恪．puㅇ驪鷺ㅇ요ㅇ刀出ㅌ셥빼甥日츨出卽出。엶。찝놈윱． 럽aㅌ쩝。 出 p。ㅁ。dㅇ 出ㅌ욉出驪 ．ㅇlㅇ刀出들戚拓ㅇm.s一sㅇ듦텁 찝tI 싣su여．凶띠 as띠0 5卜｀。p出

al tllno

논 paTladxaa·I싣실능ddnsㅇ싣씹럽aㅌa苟싣s 。ㅂ．Hㅇd a져싣 럽。七山 핀拓져 .au螂흡럴띠 밉·5501' pu出 ㅇ如ㅇqa,l qㅇ。出目 눔ㄴ띠싣 ·핍。。sㅇ驪跏出익Htl섭10돈ONVㅇd요르．q 百ㅇ드pli띱l·실읊써·둬鉀出ㅌ01出戚S旨Ylp너

．허。닉weㄷ．-0ㅇ싣으。ㅌ·ㅇ꿈。seㅇE .010101귑O닐OIOIM

會s 졈’ 竇닐즛 會 여 놈． ㅇs．螂 ·눠。 릊 님써

ANC attemjts to heal rift with youth

SHANTI ABOOBAKER

THE ANC's top six officials are to meet the ANC Youth League on Monday to try to fix the internal problems that have plagued the league since Julius Malema was expelled last year The league has faced a leadership vacuum since Malema's expulsion and the suspension of its secretary- general, Sindiso Magaqa, and spokesman, Floyd Shivambu.

With any hopes for their reinstatement buried at the ANC's conference last month, the party has signalled its wish for the league to move on.

Yesterday, ANC spokesman

Keith Khoza said the league's constitution compelled it to hold a national general council (NGC) if its president was removed - something the league has refused to do.

Khoza was speaking after a press briefing on the first meet- tag of the ANC's newly elected

national executive committee

(NEC).

But youth league spokes- woman Khusela Sangoni- Khawe said the youth league's constitution made no such pro- vision, especially given the

"unprecedented" decision by the ANC's national discipli- nary committee to expel a league president.

"The (youth league) consti- tution says in the event the president is absent, then the deputy president takes over the roles of the president," she said, alluding to the. league's preference to have its deputy president, Ronald Lamola, act in Malema's place until its next

national conference.

Instead, the league's consti- tution called for an NGC to be held only if more than 50 per- cent of positions on its NEC

were vacant.

Sangoni-Khawe said the league had suggested an NGC be held in the first half of this year, but she couldn't speculate on whether this wniihl he

feasible because a membership

audit would need to be done

first.

The new ANC NEC was mandated by the Mangaung

conference to deal with the

relationship between the party and the league, as well as its adherence to the youth league constitution and general day- to-day functioning.

However, Sangoni-Khawe dismissed reports that the league's relationship with the ANC deteriorated last year, saying the league merely disagreed with the "eroding of the autonomy of the youth league through disciplinary processes".

-- ^． …―'.-.--- ．맨ㄱ

age individual in con-

nme Gauteng owed

R4 260. Debt included mortgage agreements, secured credit, unse- cured credit, credit

provinces, Race Relati terday.

She said higher 끄

icome earn-

GAUTENG has the highest sinner debt per capita of all

the SA Institute of ons (SAIRR) said yes-

'＿경The Country's economic capi-

뺐

also accounted for almost half

멸뜨

nsujner. debt held in South

쁜

rica, accor(flng to a survey con- ouctec Dy the SAJRR. The aver-

ers were able to borrow money more easily as they had assets or mcome against which to borrow.

The Western Cape accounted for 14 percent of the total debt owed in South Africa and had the second-highest debt per capita at R2 700 a person. Average per capita debt in South Africa was R2050. . Sapa

Gauteng has most Consumer debt, highest salaries

! Mining output drop risks boosting trade deficit

Tel

^劤

‘ M

^繃뻐

”

T

^I玘 THIRD consecu- tive month of con.

traction in South African mining out- put risks boosting the country's trade deficit as exports dwindle, weighing on central bank options for stim- ulating the economy.

Production declined 4.5 percent in November from a year earlier, Statistics SA said in a statement yesterday.

A drop places pressure on the rand as demand for the cur- rency is curbed.

The rand has slipped 2.5 percent against the dollar this year the worst perform- ance among emerging market currencies. This follows Fitch Ratings' downgrade of South Africa's credit to the second- lowest investment grade.

Anglo American Platinum (Angloplat), the biggest pro- ducer of the metal, said yesterday that it would cut almost a quarter of its work- force as it shut four shafts.

Strikes last year at mining companies including Anglo- plat, Gold Fields and Lonmin curbed output, which ac- counted for 9.8 percent of gross domestic product (GDP) in2Oll.

Production may remain sluggish this year as Har- mony Gold, Africa's third- largest producer of the metal, last week said that it might close its biggest mine.

A weaker currency erodes returns on rand bonds for foreign investors while in- creasing the nation's import costs as exports slow.

Operations idled

"The trade numbers are go- ing to continue to reflect the fall-off in production," Stan- lib Asset Management econo- mist Kevin Lings said yester- day. "We don't think we've seen the full effect of the loss of production in the trade numbers yet."

The median estimate by four analysts was for mining output to drop 6.2 percent.

Harmony has started talks with unions that may result in about 6 000 job losses and the closure of its Kusasalethu

겯凸渙

mine west of Johannesburg.

Production had been halted since December20 because of strikes and violence, chief ex- ecutive Graham Briggs said in a presentation last week.

Kusasalethu reached just 22 percent of its output target for the quarter to December because of the labour unrest.

Angloplat said in a state- ment that it would place four shafts on care and mainte- nance, cutting annual produc- tion by 400 000 ounces, and warning that as many as 14 000 jobs were at staka

The cost of protecting gov-1 ernment debt against non- payment using credit default swaps over five years rose 7.28 basis points from Janu- ary 7 to 144.5 on Monday, s堆 nailing a deterioration in risk perception.

The contracts pay the buyer face value in exchange for the underlying securities or the cash equivalent‘江 닢 borrower fails to adhere toits debt agreements.

The value of South African exports grew 1.4 per- cent in the 11 months to No- vember from a year earlier, with mining products comprising 61 percent shipment승, data from the Revenue Service show.

쩍綸

｀廖，쵱卄；

r흐 " 졉

precious 戚umped se metals percent.

While the trade deficit was the smallest infour months in November, the gap in the first 11 months of last year was R112.7 billion, more than six times bigger than a year earlier.

」勿 lOplat said ft

would 。椎 _almosta

헨헥혁’야池

^{, .}

W"fOrceaSit

勳嫩 fou .shaf

A weaker rand adds to ha- port costs, making food and fuel more expensive. For every 1 percent drop in the currency against the dollar, the inflation rate rises as much as 0.2 percentage points, Standard Bank said.

The rand, which depre- ciated 4.5 percent against the dollar last year, weakened 0.7 percent to R8.7561 by 1L38am in Johannesburg

묘eserve

驢

,q1,

，쇼蠟，·슭

PHOTO: JACQUES MAUDE

its benchmark repo rate ull야Langed at 5 percent, the lowest in more than 30 years, on November 22.

Since a surprise rate cut in July, central bank governor Gifi Marcus tempered expec- tations of further reductions as the rand's depreciation added to pressure on infla-- tion, limiting the bank's abil- ity to boost an economy that is expanding at its slowest pace since a recession in 2009.

功끄atiori reached 5.6 per- cent in Novemher,near the top of the beik's 3 percent to 6 percent target band.

The shottfall on , South Africa's current acc

이

nit, the broadest measure of trade in goods and services, remained at 6.4 percent of GDP in the third quarter, close to a four- year high.

Africa's biggest economy relies on foreign investment in stocks and bonds to fmance the gap, inflows that have fluctuated as slower eco- nomic growth led some in- vestors to sell riskier emere- mg-marKet assets.

Foreign investors were net buyers of R93.4bn of South African bonds last yeax, dou- ble the amount purchased in the previous year

Yields on rand bonds due

，슬’노

A ^겨

녹 r

of yesterday : tary policy

∼／七』，．탭．白自－

Strikes at 繃 ”· 뻐 ’firms last year bwt output. 翰汕 led to a fall in exports.

令’ b沁놉 숟幻

in February 2023 have de- dined 16 basis points this month to 6.63 percent, while yields on dollar debt matur- ing in May 2022 have climbed 9 basis points, or 0.09 percent- age points, to 3.10 percent.

The benclmmrk rate corn- pares with 0.25 percent in the US and 0.1 percent in Japan, making South Africa an at- tractive destination for in- vestors who are searching for higher yields.

"Money is still flowing into the country, keeping the rand at bay and countering the weakness in the current account," Efficient Group economist Merina Willemse aid yesterday. 'As long as interest rates remain fairly -higli;^』wecaji stifi attract

investments."

Trade suffers

Any further weaknes in the current account would be /negative for the rand, Citadel Investment Services econo- mist Salomi Odendaal said.

Trade was "suffering" be- cause of mining output prob- lems, she said. "It is not good news for the trade account and the current account"

Standard Bank was ex- pecting a drop in platinum output, particularly for the second quarter of this yeaz the banks' head of macro re- search큰1"habi Leoka, said.

"Our outlook for·2013 re- mains bleak. We expect the impact of the mining strikes in the third and fourth quar- ters of 2012 to further drag down mining output in the first haiV' - Bloomberg

넉句뉜08k 咨鑿씩驢ㅌ■｀台힝心。졉s] 昉勻00ㄴ心 驪

’럽흩露르ㅇ。몌드·츠몌녘ㅇ실븐·ㅌ닙·鱗鸞ㅂㅇu 온뗘ㅌㅁZ J乶 凶ㅁ뒵ㅇ엽乙럴b su따N열l，니 乙出ㅁ．．볍Jㅇ ㅇ싣p出。《쩝《럴ㅇ。 예드ㅌ8螺헙日ㅁ。·q絡灌J。눌su띠ㅇㅁ喆召匕礪띠겹H 눠出《따p·召뛰ㅇ읽큐니·겁실ㅁ덞《日o ㅇl pud ．·졈ㅌ 따q 흽鷺 lu·트尸．ㅇdd出ㅁ出J따흡·4뇰법ㅇ尨밸．《p。螺띠ㅇ1山겹柱ㅇㅌ 눌잽1띠驪－따螺싣J띤’om。ㅌ녑턺J·A·sp신꼽s出ㅁ．。q 絡q 놉딤섭 軫럽·므s,id 따螺H ．ㅁ호出싣실u出J ㅁ1. 띠螂굴 ㅁㅇ《띱’나따p ㅂ 겹u렬s 섦召 匕돕늠。《u 성ㅁ 찝 섭 ．섭ㅁ졀 ·召．논6p싣n겹58·드·u·pl蝦切졉，8ㅁ。 ·J。Juㅇu 珊In여凶뎡도 sb늠d ·졉 섦츱 띱럴ㅇㅌㄹ 집ㅁ匕s。J。〉댓·J。召·《《끈落 ㅂ으·섭sㅇd。螺iJ읗匕曰ㅁㅇuldㅌ욉드 놉拓p·1出憲J성ㅁ毫蝦s신，몌嘴O엽궁l ·讐닙一ㅌ。나를8니ㅌ츠즘蠟ㅌ。ㅌ븐一ㅇdd出ㅇㅁ夔눌ㅂㅇ媤핍－出실닙．《ㅇdㅇ럽·qs．。드山■믈ㅇ。召ㅌㅇ솝．5늠따dd繃ㅇ51出욉임芬H ·Slu이p볍럽ㅇU s.SI〉군0,I J驪p"11．겁。q出pu띠閔出턺u펼‘Iod出찝암·릅 喆召p·ㅌ締－。·q성든出u섭．拓뎡니드떼》ㅇd dㅌ．Z el驪 p따썹ㅇqd긁 拓《밸Hㅇ놉s 媤孀灌닐·刀눌．su으격낟 ·pdJHㅁㅂ。石넉召긍S 뛰ㅇ紛욉몌ㅁ。O따흡돕qdn筋s띠현’孀。瀋鮮ㅁㅇ열d뻐l'Li0O 喆召 凶ㅁ乙따므suㅇO 치dㅇ1따螺실 ㅌㅇ公ㅂㅁ紛입dㅇ실。《q出따《《出ㅌ욉ㅇㅌpu뗘 싣ㅁ·뻐’pE。 55·I ㅌ·孀1 出소出ㅌ 섭 잉6一《。q 믈qdl·螺건듀u l．·冷나。召따qplnㅇ螺s 診《。p 喆끕 甘눌 pu皆즈．pun 돕11出쇱 건럽出나 I p틈．．즐끔出。螺ㅌ따륨든·dㅂ日b죕suㅇ열 ■크열sul. 1듀헙ㅇdㅌ一 》7. ：鸞出5 5든니 p멸出a p出미겹 驪u닙1鮮딩且르ㅇQ .il눠Jn 。召ㅁㅇ몌．審d灌찝ㅁ드喆크．.5낍졉匕잽닐잉 섦螺눌돕《섭出浴 늠。《u。＝ 낍섭 이볍’끈鮮 ‘ㅌQ트드ㅇ露담씹흡。섭ㅌ 듀나 ·蝦 公ㅁㅇ 石뻐｀몌 鉀섶。므邵ㄴd 따릍 尸 公길ㅇ吟찝貝芿瓮1님潟퓻瓮H．뒤5浴 qUt1S ㅇ럽 【51 미JQ큰11 따凶出니 51써11 tIT es .Oo- 따럽1 ㅇO Dlllㅇ戚S ㅇ디논군 J령匕．．띠48出ㅁ딥q絡灌띱。졉．ㅌㅇ멸

I띠컬실뻐S ㄴ따驪실ㅇ 口뻐 .5이볍1디Q따UㅇJO I솥InㅇU

논디닐벼럽따써 iㅇ IUQ【Ot1S 미ql 따J따논군 51럽따鷺님 Jㅇ 이路u 따孀실 ㅁ》 出입－出閃따《ㅇlㅌ여．ㅇd

a놈치ㄷ띠＝싣인。ㅌㄴ。ㅑp。。＝ 실ㄷapl·이읜d拗굽－HDOZ쥬야 ㅇi 따Iq出 ㅁ。。q s軫눌I出 을q 섭出芯Eㅇ 갯出ㅌㅁZJ도．넉吟흼。召s出蝦。．5．·ㅌ열J。 spㅇ엽。d몌ㅁㅇ－JoJ盼。《bp엽－섭·《ㅁ。·q 。輅孀 suㅇ열ㅁ실潟ㅁ．~ 螺졉蠟눌 ．》 띠。니듀닒ㅁ》 Jㅂ「「ㅌ》的 ㅁ·。q 환군出겁 。J。召 따《一흔鮮 ．꼽．．出qS J》q出孀us J따叭결p出 걺《나ㅁ輜ㅁ썹 J미ㅁㄷ日 尸出ㅌㅁZ ㄴ驪눠ㅇㅁㅇ녈u篒Jouㅁ읍露르8·흡JoJ 따《e'suㅇd乙Ju。。qp螂겹 꼬·q戚ㅇ끓셔H ㅌ섬甥·Jd 눔든曰 p·ㅌ．．出【나 따螺 灌실孀눌 ㅌ． 統寧．읠ㅁ뻐。 J·d出ds鷺미ㅁ d 凶tl瀷I‘비 J·섭出 .pJO눌S 찝礪 ㅁㅇ －稷 ·潟 。JoJ·q ‘鸞dpㅇ［돕《ㅁㅇp。饍I겹1出따띠。걍극 'q닙·띠ㅌ·《헙놀·싱，．터bㅌ■Joj p욉드．ㅇdd出 p듀 ．甥。d 섦를 ㅌ。公

붉따럽礪ㅇ띠 띱．《《一놀 。喆닝七螂 p릉튜」 。螺8ㅁl。55螺씹8ㅌ띱경ㅁ찝섭넓鷺出 J읗Jojp出·q닐11·葡트緘 螂 믈ㅇ룝횰 RS 띠슴 섭힝《 s出蠟。겹．盈꼽J읓p닙灌욥．겹1

따，럽열口ㅇ싣！ SUO.～실8열이럽》 喆흡 얾。ㅁb욉 걘螂ㅌㅁZ J驪욉윱邵p.J맨／알’oH ·～曰山～섭룩낟몌드닒閔 ■열s를1 1出녑·ds 。졉 甘 믈ㅇ p·덥눕。凶드．미q 눔볍ㅁ。ㅂ6 5ㅁ尸섦凶무흰｀닙 。끝 ㅇ1乙잽ㅂ。螺．닙－ㅁ。E出dul．乙盼띕렵p出ㅁㅇ潟ㅁ ．召닉ㅇ 믐섦 씹겨 몌ㅁ엽．p p出q 竇鷺邵겹ㅁ미옇찮。슴뛰ㅇ·ㅌㅇs乙盼8 l나n凶 ·졉 ㅁㅇ열5ㅌ 8 出ㅌ．Z J鸞 JoJ －出u므뉩．졈눕·ㅌㅇ님q蹈qll．露鷺눌잽 닐絡d 。졉J릉 乙ㅌ열놉拓ㅌ p욉出。d욉 絡螺 ·겹 섦릅 。옇盼따ㅌ 出 섭 섭 츠凹띠·릅드ㅌ出《一輕〉ㅁ뻐＊出ㅌㅂ。실－엽·ㅁ。鬪ㅁ一su出U石V"l실nㅇSp듀녜J。결ㅌ띠ㅌU탭V 。珊．峯．·．ㅌ。낢룁ㅌㅇ。따ㅌㅇ나·qㅇ닐닝ㅁ pu出．～ㅁㅇ껄d르8甥ㅁ넒양一렵윳p늡q

겹·召 따，드닙ㅇu o싣 su드실8一甥ㅁ一 Jnㅇ ·예Jn。뇰．·윕넒s出ㅌ．ZJ戚．븝겸따섦枋 8눔J出큽拓fl出ㅁㅁ듀～鉀U합V~s뉴乙鬪ㅁ。O 엶ㅁ드닙탭 듀。石넉 ·룝 恥ㅁ뱁읠써’《·p 媤눌 ·孀 ·뱁螺눌 ．軫pjrli出S uㅇ 心니．잽·p 出 絡 。sn o실·sn。蔘 ㅇㅁ路灌꽈돠뵤s·蠟섦졉s늠·簾自出겹puV ．턺。尸닉。묍甘찝。겹Jㅇ요自溜ㅌ넒헙 plnㅇ。 松礪닐 蠟첩灌눌 ．ㅌ코 얽ㅁ넝양 ·”ㅁ 8ㅁㅇ自ㅂ峯이비별蠟出 을겹轍ㅌ s첩乞。。sㅇ겁1 5柚·dd出 졍ㅁ 섭 .J환군항’oH “덞열ㅁ·p련ㅁ든自료ㅇu I녈．텨 s《q Jㅇ su열뀝u sl.q 미입ㄷ灌ㄷcu

요 섭e驪臼 ·q ㅇ실 凶드＊。몌 띔눌섭섦흡섭締。ㅌ．公松ㄹ ■눔나 松ㅁㅇㅌ ㅌ쥡 p苟d ㅇ螺뇰 듀ㅌ ·召J。 ㅁ드匕졀 ·ㅁㅇ니 ·졉 섬·d乙p ㅌ코 甥ㅁ넒옇 乙엡ㅂ겹u ㅁㅇ열 Id르8 읕놀 。귿껼Hㅇu ㅇ11ou~Vd탭～鞭仁ㅇ召＝력몌ㅁ열ㅁu찮e익 턺ㅁㅇ녈灌A따흡눔qu。一松。섬。졉p·pnl。드 欌졉겹눌 .J횐’od 。1 螺섦d 찝띠 ㅂㅇ멸dtLLio。珊님열爲哄。실실듀트졉닉ㅌㅇ。 씹蠟믈ㅇq出suㅇ녈乙별d섭，。驪뻑．쩝J峯s듀 ㅇ싣을螺 ㅇ실암．‘ㅇ몌”쁘落따q섦룝늡蠟나

台d。Jl. 出현’ 섭 .6ㅇㅇ히 出드．볍볍릍띠 ㅁㅇ一

ㅇ싣 p이pU·u네띠 ㅂㅌ ～실ㅁ밉트드．ㅇ饉dd 이겹1

豊

·닙님一ㅇddd

ZVI니鷺○凶 Cㄴㅋ 싣ㄷaㄷ치ㅌㄴadm싣n。乙쉴鷺n-Sa＝숴tals띠J=eㅌnNI

50

싣 o○ ㄴ

O

ㄷ

ofdo

싣

S

치ㅁㅇ열d르8枋璜出붕 刀ㅇu出f 15pl·乙山 압凶鬧

V 灌

놀 昌 昌

「《「 끝 ·p。 JU s衲ㅌ결 Z 』ㅇ 믈ㅇ 첩 「qs 초d l p》 5SSQ IPdQ 님 I

느．

.---. ._.

Business must not be

'bystander'.

Ramaphosa

SAM MKOKELI Political Editor

AFRICAN National Congress (ANC) deputy president Cyril Ramaphosa yesterday called on the business see- tor to be proactive and not just be

"bystanders watching drama".

· He was speaking during an interview on CNBC Africa TV news channel last night.

Mr Ramaphosa is on a charm offensive since his election to the ANC's number two spot in Man- gaung last month, walking a fine line as someone sensitive to the needs of business and the poor alike.

Mr Ramaphosa said the party was open to considering suggestions from "other players within the South African landscape".

Business leaders in the banking and mining sectors complained ahead of the Mangaung conference that their formal written contribu- tions were not taken into consider- ation by policy makers in the party.

But Mr Ramaphosa last night said

"everything is open for dialogue".

He said the Mangaung confer- ence had provided policy darity which would lead to SA's "re-rating"

after SA's sovereign rating was downgraded by three ratings agencies in the past year.

뢴 Mr Ramaphosa said economic policies, especially with regards to mining, were clear, as the leaders, were not "speaking in a divergent way", but sticking to one message.

He said business should take advantage of the planned infrastruc- ture drive, which is the main driver of the government's economic growth and job-creation plans.

"The private sector should begin oiling their machinery to make sure they participate in various projects."

He said his offer to testify at the Farlam probe into the shooting by -police of miners at Marikana last August still stood. He said he would explain his role, after he was criticised for sending e-mails calling on the police to act.

mkokelis@bdfm.coza

Cash flows into

sub-S aharan Afi'ica 'set to rise'

HELMO PREUSS Johannesburg

NET capital inflows to sub-Saharan Africa are projected to nearly double from $43.4bn in 2008 to $86.lbn in 2015, the World Bank says in its latest Global Economic Prospects report today.

The twice-yearly report examines growth trends for the global economy and how they affect developing countries.

Despite the global credit crunch, net capital inflows to the region have risen since 2008 and are

to have been $65bn last

$64.2bn in 2011, $61.lbn in 2010, and

$47bn in 2009.

The bulk of these inflows is foreign direct investment, which tends to be less volatile than portfolio flows. These inflows also tend to pro- mote infrastructure development, and hence job creation.

"Foreign direct investment flows to the region increased to $37.Thn in 2012 from $35.7bn in 2011. The resilience of foreign direct invest- ment flows in the region in 2012 reflects, inter alia, the longer time horizon of investment decisions in the extractive industries sector, and

term shifts in market sentiment."

Investment incentives remain elevated due to high commodity prices last year, the wealth of natural resources across the region, and the relatively high rates of returns on investment in sub-Saharan Africa, the World Bank says in the report.

"In 2012, several mines were expanded or new ones built across countries in the region, prospecting 囊elded major gas discoveries along the east coast of Africa, new commercially viable oil wells were drilled in West Africa and East Africa and a number of countries across West, Central and Southern Africa estimated

γ쁘r흐om is 止erefore그ess sensitive to_ short-

蕣 Domestic demand I steady remittance flows ... high commodity prices, and (high) export

volumes were supportive

of the region's growth

found new mineral deposits.

"While the extractive industry sector dominates in terms of the value of overall foreign direct invest- ment flows, the relative importance of the primary sector in greenfield investments is declining, reflecting

increasing investments in the services sector, notably among infrastructure-related projects in construction, transportation, elec- tricity, teleconimunication and water," the report says.

The World Bank forecasts gross domestic product growth in sub- Saharan African (excluding SA) will rise to 6.1% from 5.8% last year and 5.3% in 2011. SA's economic growth is forecast at 2.7% this year from 2.4% last year and 3.1% in 2011.

"Robust domestic demand, steady remittance flows,

commodity prices, and export volumes were supportive

the region's growth in 2012.

Nonetheless, besides the drag from a weaker global economy, domestic factors, including earlier monetary policy tightening (Kenya and Ugan- cia), protracted labour disputes (SA), and - political unrests (Mali and Guinea Bissau) weakened growth in a number of countries in the region,"

the bank says.

"kisks to tilted to the growth in China, consolidation in the

the US could potentially derail region's growth prospect ^{.'' it s驪} preusshllbdIive.co.za

still mcre

high

ased

the outlook , remain downside, weaker

ongoing and

the

치너 0.6297 0.7339 0.8782 0.1388 0.1끄8

0.7030 SPOT

0.6320 0.7369 0.8827 0.1395 0.1122 0.7050 SPOT

8.7825 11.7053 14.0950 10.10 9.2559 0.1056 7.3712 0.6373

꾜朗 0.6084 0.7040 0.8360 0.1322 0.1075 0.6820 6M

0.6200 0.7204 0.8589 0.1358 0.1098 0.6943

캐｀

0.6260 0.7288 0.8707 0.1377 0.1110 0.6997

끄·

8.8262 11.7668 14.1631 10.05 9.2810 0.1050 7.3934 0.6339

3M 8.8992 11.8701 142773 9.96 9.3226 0.1041 7.4296 0.6282

해”

9.0189 12.0392 14.4644 9.82 9.3934 0.1025 7.4886 0.6190

12翩 9.2610 12.3831 14.8426 9.54 9.5337 0.0995 7.6022 0.6013 CURRENCY

USD EUR GBP JpY AUD CHF NZD DKK

CURRENCY NOK SEK HKD SGD CAD (NY

FIRST NATIONAL BANK indicative market exchange rates against the Sd rand h뻐凶a, 4pm fixR&7675

FORWARD RATES

INTERNATIONAL CURRENCY GUIDE _曲씩 ，。 ^BERG

빼■ 쌕빽 欄삐 溜 ．뼈 빼 뻐 ㅄ■뼈 懈■긔 濡■ 岫

uK띠 麻 娜 A 坂 刪 刪 柳 皿 겨 洲 70 굿 0. 0 ^．쇼 0. a*

8.0967 NA

얍 瞰齟硼

0.8471

呱

08076

呱脚臟

06119

沈 皿「％嶼蹶懺騶硼卿洲柵娜ㅄ娜m娜

011w

勵

뻐鄒 es 꾀 001111 ．삐 棚． 雕삐棚 脆삐棚 縕

纖 拗 벎 洲 隅 刪 聊 洲 仰 顧

.5硼

鰍 棚 祇

Currency

US($)

내《（f)

Ewo()

」혀pan/1OO(Y) hM Swiss (Sf) 勉幽멂a(A$)

New ZeaI(縱＄)

Canada(댜）

Singapore(S$) 物’轍’（楓치

」

ZInV1000 (Z$)

- chlnYU)

」

Malaysia (RI)

Ta紬려，（盼 S Korea (Wn)

「Bra치■！臘》

0.6206 0.8292

U沚4

0.0706 0.6697 0.6565

玖切3

脯317

0.5074

刪

^{09S00l 14237}

―

」螂略 L0000 功，吻 95340

93.462

74끄7

狐939

72240 U416 NA

142銘

29.500 3.0660 13700 43.417

Rand - Swiss(Sf)

0.2075 0.9282 14.168 14933

112493-11383

0.0995 10409 10900 0.1654

9.4884―■ 1.0606

93015 0,9803

쩌

^0.9433

7.1885 10.7577

L90b 10.3004

03041 32852 0.8326 0.0878 43206 10.4550

0.7942 0姃3 0.7730 01杻

"^

015껴 03146 32兀1 0.0009 0.4646.1 0.5850

柵l

6.5015;

:.27201 63270 i

NA 12472 2,5759;

01677 0.0673 3.0031

China (n」）

6.泌7 貂切1

｀毓跏7 0.0702 卯卿 6.6978 3.1珊7 52106 631珌 5.0740 幡020

! NA

l棚

I 2.0650 쵸

-01146

』 0.에59

-10490 3.4011 03424 3.2632 鉛,冊0 2.5380 3.0594 2.4577 毓鞭B N^

刪枏 10000 俎039 02849 14793

Taiwan (1$) 丞.959 妬.硼 38拓2 03274 3甥6 31201 1끄5.6 24.289 29.430 123.638

l

」

^3.7297NA

4.65909.621 L0 0.0274!

14.21 - 886.88 1670.6 862.41 136.30

"A 妬9.韶 35L01

16639 02630

0.꽈9 0.6759 邸ㅆ G 1929 功刪 硼娜娜。鵬鵬 颱

脚l뺀 」睡 毆 端

녜’

NZ(Nre

冊

191m

娜隨麒柵娜娜呱臟昐礖娜

03961

飇

0.am

跏卿 刪 娜

83514 sKed 쌔 麻 縕縊 欄

緇 娜溯 」棚

2.co

飜硼 刪 娜 Z19M 柵 飜 To use, read down first cxlumn to find the currency you have, then read across to find the rate of evdiange into the currency you desire. These are indications rates only

7·맬｀rid New

Mum

Sec뱁

is

shares

' Prime

showed China's economy recovering and Japanese gained on speculation

쟈뱁르

suppliers

:lines among 써ipie after the Nikkei newswire

roductiori

to 132.

소I'놉 Jul J.u. u li니“누 ∼．

Asia Pacific index rose ), with seven shares

negotiations in the US is a substantial issue in the near term that the market has got to confront and that's

2010. Bloomberg

r埰卜r튜恤

HK Hanq Corn

(E而A-S

Aust硼翫헨흐

튼，l!-

MOST Asian stocks rose yesterday with the regional benchmark inde heading for the highest close sinc August 2011. Japanese shares gair

after Bank of Japan governor Masaaki Shirakawa said the central bank will pursue powerful monetary

―송。αflh,mnrrc r miktr M

"‘。｀'｀石．

' ’·’

^{씽‘’『－,’』}

cameras and endoscopeS 7.7% in Tokyo

from VF

after Goldman ,jumped

Sachs

」陋恤ster

more aggressive polisihiulatetfle

므‘르「뜨

in"Broadly speaking, share prices in Asia will be higher in the next 12 months," Pengana Capitals jim ?ders said. "We've seen too

enthusiasm over the past two isin light of a fairly muted LG Di

back." Japan's Nikkei 225 gamea 0.7% to its highest close since April

to hold things rising for every six that fell. The gauge is extending a rally for a third

successive month after reports Current

4170.96

狎986.82

冊

⁷⁴²⁴

% chg

0.00 0.40

，·1.16 ,-129

I Sensex

OSDI

raised the stock'

RilIahon호 Inteni Australia's

s rating to buy.

wear

낡”펩 길÷六 핑÷4

Current % chg

23381.51 2326.02

0.14 0.62 0.62

O.00 2434.97 4743.00

Shot striker dies in hospital

A 23-YEAR-OLD man died

in hospital after a

incident in De Dooms yester- day related to the farmwork- strike, Western Cape po- said.

can confirm that a man taken to hospital by Un- known civilians and that he

received is that he is residing at Elubizi, De Doomns. It is unclear where the incident happened."

Captain

tails and that the In could not provide n

d ent Police Investigat

stigate the

gramme be implemented.I lie striKe was suspenaeu 』 』

in December, but resumed on Wednesday

The lab was holding

hearings on further public the review of farmworkers' minimum wages across the Western Cape from Monday evening.

shooting

｀노 e 7 驢 n C 차’ 枉 e ㅏ1] '' V

ive Dir-

last week.

our department

juries sustained during a Farmworkers went on Four clinics in De Dooms shooting incident in De strike last year to demand were closedyesterdaybecause

b！츤fapt繃r＋什枇hd.-th 拐勘珊縕伊玩놂ceaed，교Jh르．址mwQr嫩fI，幽典午＿

van Wvk said. from R69 to R150. and that a Western CaDe health author-

s stage, information coherent land reform pro- ities said. - Sapa.

Mbombela will be municip

Mbombela Monday.

al snokes- man Joseph Ngala said the bud-

ect is over, so systems are public Pr

으

I

put

n酩 arespent prudently ...

"The residents of Mbornbela

funds are

CALL TO REVEAL HOSTING COSTS

THE Democratic Alliance in Mpumalarara has called on the ivioomneia local municinalitv to

purnicly aiscIose the costs it

expects to incur as a host city for

the Africa Cup of Nations.

Party spokesman for culture.

sport anu recreation James Masango said this should be done with immediate effect and that the municipality should "reassure the

public that service delivery will

.．扱万柄汀仄굿

been asking for a cost analysis only to be ignored by mav6r

Cathy Di; s of

the mayo

"With the spectre of large-

scale corruption during the

preparations of the 2010 Fifa Soc- cer World Cup and the murder of municipal speaker Mr Jimmy Moblala still looming large over

the municipality, one would think that the administration would grab this opportunity with both hands to ease the concerns of the

public.

"It has subseouentlv empripi1

mnat tne munlcinalltv has bud- getea lth-million to host the event, and will receive R31.5-rnil-

lion from the national eovern-

ment anti R4-million from the

provincial government. [But] very

little is known as to where and to whom the monies would he naid "

Masango said.

H`esaid the municipality had not

rnauetne percentage it expects to

earn irom tiCKet sales available and what those projections were.

get of R44.2-million was co-funded by the municipality, the province ana nationaj government.

diture will

are assured that service delivery

funds will not be compromised

for prestige," Ngala said.

Sibongile Mashaba-- Mpurnalanga Correspondent

also aware that expen-

be audited when the