eS Page 1 . Cops thwart coup bid

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Page 2 . ANCYL rejects 'discredited' youth subsidy Page 2 . D-Day in Zuma spy tape battle draws closer Page 3 - City faces imminent bankruptcy, says DA

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Page 1 . Cops thwart coup bid

Page 16 - Investors choose SA for African deals

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Page 2 - Joblessness down as workseekers give up Page 18 . Currencies

Page 18 - Asian Markets

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Page 3 - Postman 'torn to shreds'

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Page 18 . African must manage new scramble for Africa

Page 9 - Drop in jobs in fourth quarter

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MOGOMOTSI AArr脈

DA has ca끄ed on

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mun

to "preven tthis Worsening".

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He called on the MEC to under admjnjs

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tieS said the department was always in touch with municipalities

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mogomotsi.magome@inLco.za in the past

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Party calls for MEC to step in

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It is not the first time Tshwane has exl

paying Creditors at the

'^')erienced . Its cred- year that

problems

The co Standard report.

Uncillors had

Bank with approachJ the same The

ire and move raised resulted in a

ciaii year in June last year stoodal R2.3 billion, with the auditor.gen.

erai remarking that the municip Ityjs 'technically bankrupt'," he

O(LIU.

"These

and s indicators are

damning erve as a

嶇聊橓얇辦祈驪

the Tsliwane muliicipaiity is facing^UL imminent bankruptcy"

癲

long-term debt could be used onlyed move was illegal as for capital expenses and not for operational expenses such as salaries, Nel said.

COnfrontation in the council. '4

xamoKgopa claimed at the time that the four couJicfflors were intent on thwarting the municipality's efforts to obtain a clean audit.

i ins claim was dismissed by ti DA, which said its main objectb had been to prevent a "black hole debt" from Consuming all the city assets in years to come.

Ivleigwe's spokesman, Motsamaj Motlhaolwa, said the call by the DA for the MEC to intervene had not been made dirtiv tg-, h...cc...

He was

contacted for not aware .of it until Comnlent

"It is clear that

m艸cipaiity can no I

o[Jugatjofls

the Tshwane onger meet its

"The MEC can no longer turn a This could

iJilse tne municipality's render services in terms stitutional mandate.

compro.

ability to of its con seriously

mise the

(5)

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；졍（ *

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듀얌 뻐｀鍔細 맨綽 쫴錐

I露s一p 듸靭靭1

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dnpapuno써，笏눌日굳￡切乞qo. ㅇ靭겹ㅇO Jㅇ 딥·Iqndㅇ여 潟拓흼。ㅇ拓。口出 뛰ㅇ 山一aqㅌㅇㅌ 6H 셔늬를孀눌 日 p커엽 凶듸’ ■ㅁ눔ㅌ台恕ㅁ띠尸졍。트ㅇds｀꼽髓겹， 뎡써呂白S鉀a。I'Iㅇd。SJo띠｀。qㅌaㅌㅁatl鮮出ㅇp써出da。듀터단‘렬山ㅇ占拓出쩝눔枋。논

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山d ㅇ U

...-

．■－·■－·．．·－

^..,-_，【，..-''－뻐‘*.'-.=..．■．■．·．．「．■．.,.．놀

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덩며Vul.〉ㅇㄴda겹싣p,Itl싣自d。p듀 ‘-.,-

ㅁJ。甥出。일써H .U여Q윕I＊싣겹。 여훠q灑H JO 궈a占密ㅁ。

눔pun 511媤 tI욥겹磅 .8尸S sa겹11·‘O日一눌ㅁㅇ一섭．렬．Eㅇ。 pOStlOO出 럽aoq pd겹

驪

^‘

·ㅌat김싣ㅇ깊山싣ㅁoHi勿《ㅌㅌㅇ。 s싣I^ 臼뎡둬 spㅇ렵．櫛싣럽oㅌ럽ㄴO〉ㅇ靭 pㅇ럽。qㅇ‘ 눔a겁싣 U여n。겹싣asn臼aq

(6)

A --f:l--

S ;

Investors choose for African deals

Ii Country was most acquisitive in sub-Saharan region in 2012

Sub-Saharan Africa targeted M&A

노 』 , I J 』 ㅗ 괌 _ , 〃 ㅗ , 급 려 눼 금 . ` 츤 十 ' ` 」寺 논 * 令 , , - ' , 《 ` · 낳 ' H 궉 , ㅏ ㅏ

$50

45 「 507

288 312

167

J 소 ’『

: 『「

1 占

ㅣ缺ㅣ蠱’＝■［흰―·．[ri軸「

2000 2001 2002

341

/ ：『 [‘「『，

2005 2006 2007

40 朽 30 乃 20 巧 10 5 0

326

2, 4 2003 2004

' Value ($bn)

-.- Number of deals ⁴⁹⁸ ₄₄₆

Londiwe Buthelezi

SOUTH Africa remained the most targeted country for investment in sub-Saharan Africa last year, a report re-.

leased by Thomson Reuters showed yesterday.

About 48 percent of sub- Saharan African merger and acquisition (M&A) activity during 2012 involved a South African target. The next most targeted nation, Nigeria, caine in well behind at 28 percent, followed by the Democratic Re- public of Congo at 7.2 percent.

The value of M&A transac- tions involving sub-Saharan African targets increased by 18 percent year on year, reach ing $25 billion (R222bn) at the end of 2012.

This was even though the latest M&A report from Zephyr showed that the value of global M&A deals was at a five-year low in 2012, having declined by 7 percent to $3.144 trillion.

The Thomson Reuters report showed that South Africa was not only the most targeted destination for M&As, but it was also the most acquisitive nation, accounting for 39 per-

cent of M&As in the sub-Saha-

ran African region, overtaking the UK, which accounted for 22 percent of deals.

Most of the M&A transac tions were concluded in the materials and the energy and

power sectors.

The two accounted for 63 percent of activity in 2012.

Multinational investment

陋甥『갹i驪驪：七쉈술∥艇긔釀疏

RBC Capital Markets

t아 iped the 2012

sub5aharan African

M&A Involvement

떫 th ^驪 9bn of deals.

bank RBC Capital Markets, which is part of Royal Bank of Canada, topped the 2012 sub- Saharan African M&A involve-

ment with $2.9bn of announced

deals, while US securities firm Goldman Sachs took second place with $2.Sbn.

At the same time the investment banking fees in sub-Saha- ran Africa thpped 27 percent and stood at $307.9 million compared with $421m in 2011.

546 503

473 , . 495

Equity capital markets issuance was also down 15 percent at $4.8bn. This marked the slowest year for sub-Saharan African equity capital market

activity since 2005.

South Africa was again the most active nation in the equity capital markets during 2012, and fmancials was the most active sector. Morgan Stanley topped the 2012 sub-Saharan African equity capital market ranking a 22 percent share.

The 29 issues recorded in the region's debt issuance stood at $11.8bn during 2012, repre- senting a 4 percent decline 丘om2Oll.

Thomson Reuters Africa's managing director, Keith Nichols, said year-on-year fee declines were seen across all

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asset classes except for loans, where fees nearly doubledfrom the year before.

Fees from syndicated lend- ing amounted to $83.8m during 2012, accounting for 27 percent

of all sub-Saharan African investment banking fee pool.

Fees from M&A advisory fell the most, at 60 percent, and reached $87.7m.

JPMorgan topped the sub-

Source. Thomson Reuters

Saharan African fee rankings for 2012, with a 10.5 percent cut of the fees. Citi and Bank of America Merrill Lynch followed in second and third positions, respectively.

；■‘…【 _

(7)

NTSAKISI MASWANGANYJ Economics Correspondent

THE number of unemployed people in SA unexpectedly fell to 24.9%, or 4.5-million, in the fourth quarter of last year, from 25.5% in the third

res

were

latest ^expe_tigu nLLabour Minister Mildred

'Jiipnant ann

으

unced on Monday that

쁘－뜨0판

March 1, the- new minimum

쐈聳／

ror farm, workers would be

iuuo a aay, up from R69.

Other than higher costs, employ-

뱃

are faced with the challenge of

므끈쁜蝦

a worktorce with the right

?1u

쓰

· a Lals ,

신

owed others in calling ior Detter education and skills train-

to give more

absorbed into people a change to

iohc

and themselves," said chief economist Azar

11―떼！l!l·l!J-!-`-J

Joblessness down as works eekers give up

quarter, figures from a quarterly jobs survey from Statistics SA (Stats SA) released yesterday showed.

This was mainly because more peopie nan given up looking for work iwo tue agricultural and the construction sectors had created jobs in the period. Red ploynient is at the government and grammes, including Development Plan.

ucing centre of

business more uneni- many the National pro Agriculture, construction surprisingly, ruining showed employ- inern gains between the two quar-

．빽· 쁘넌르

employment fell in private liousenojcls, trade and transport

쁘

aus

뺙

s, the quarterly labour force survey snowed.

The mining and transport sectors were plagued by violent strikes in the second bait of last year and as a result

added 毓000

」 to silent jobs. But the 小owed that mining joos Derween the two quarters, while the number of people employed in the transport sector fell by 18,000.

Stats SA social statistics deputy director-general Kefiloe Masiterig said absenteeism was observed in the mining sector in the fourth quarter

n. ^nn^.．규 +n ;^ h 1^r「＾∥

: iviuje people nave stopped look- lug lOt worm because of the chal-.

뜨

riesgi

무

g economic climate. Most had ueen 10

뜨

ing for work for more than

븐筌

ar. ngures showed that 87,000

蹙－

': discouraged from looking

tor WOfl ’

므

thefourth quarter, join- ing more ttlan 2-million others.

ㅗ I "Employers are not that keen to

『쁜

C Oil

므

eople any longer because of ujeir ooservation of the huge amount ol industrial tension bet-

Shireeri Darmalingam said employ-

쌨뜨끄I힁

year would be negatively

ajAr부에 uy companies laying off

employees as margins came under pressure from raised input costs, especially those related to labour

sector

been it will But Absa Capital econonhist like

"If you where forced

wages ki'itterpcl van Zyl said the

山∥eredaccording - - look at the agricultural

effect of higher

to Sectors.

브

ave

thlen

higher wages On employers . probably result in job losses."

is educa-

will

繇 g

Other analysts said the expected higher input costs such as electricity and fuel, coupled with steep wage demands, would be factors in deterring employers from adding more workers.

Standard Bank

'The key determinant tion," Stats SA

Pali Lehohia said statistician-general

"There is a chunk of people that m unemployment over a

of time."

remain long period

maswanganyin@bdfmco`za

while for a

people, 61.3% did Of the 4.5-mi"ion

68% had been I year or longer.

won unemployed not have a man-ic ooking for work

(8)

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FORWARD RATES

翌

r

Ziirt/,,i China i000(Z$)j (YU)

62311 9.753 LIS($)

IJK(6) Evro() Japa미jOO (8) 紬궁 Swiss (Sf) Ausballa(세

New Zeal (NZ率)

Canada(댜) Singapore (S$)

Hng鞭I(NX$)

ZiriV1000(Z$) 毓滋．什내

130431 0.8

씨

1.5420 ㅣ

62672 1Q叩 NA 32밋

0.6092 0.7026 0.8571 0.1369 0.1106 'M

9.1675 12.4022 14.4139 10.14 9.4192 0.0988 7.6420 0.6009

CURRENCY USD EUR GEP jPY AUG (HF NZD D(<K

Currency

Malaysia (RI)l

S Korea (W

∼야시 ^삑

·빼

^{(RI) -}

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2.8080

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0.7361

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146.17 .

42.8017

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읽IPPLIED BYBLOOMBERG

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INTERNATIONAL CURRENCY GUIDE

쁜삐 湍．硼삐

To use, read down first column to find the currency you have, then read across to find the rate of。

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섞 卯 죠 刀

꾜 乃軟山

CURRENCY NOK SEK HKD SGD CAD

FIRST NATIONAL B/INK indicative market eachane rates ayainst the SIT rand

Rd/doar4pmflssR8.88S

- 14.989

[ 29.991

73.16500.5930 147.180

刪떼硼

0.6772 昭끄〕

邵098

0.茁7 끄_.707

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3l774

娜臟

SPOT 0.6150 0.7107 0.8692 0.1388 0.1119

끄너 0.6131 0. 7081 0.8653 0.1382 0.1114

케’ 헤섧

0.6033 0.6942 0.8450 0.1350 0.1093

功M

0 5924 0.6788 0.8222 0.1314 0.1070

SPOT

8.9205 12.0543 14.0364 10.44 9.2755 0.1018 7.5164 0.61韶

채탬 毓₉₅₉₀ 12.1088 14.0949 10.39 9.2975 0.1014 7.5367 0.6159

3M 9.0415 12.2253 14.2208 10.29 9.3453 0.1004 7.5787 0.6098

12M 9.4123 12. 7447 14. 7912 9.86 9.5591 0.0960 7.7530 0.5844

(9)

Current % chg Current % dig

HK Hang Sang l!c!! Comp China A-Share Index

“旣硼Ian All Ord

23148.53

4902.60 2433.79 2547.71

Zweoeeo【0 27一召－召ㅡ00

New Zealand SX 50 mbai Sensex

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4211.95 19659.82 1938.18 1933.53

0.00 -0.46 0：沈

ASIAN stocks fell yesterday, dragging the regional benchmark index down from an 18-month high, amid renewed concern about Europe's debt crisis. Hong Kong shares tumbled the most since November amid speculation the government may act to cool the property market.

Konica Minolta Holdings, a Japanese maker of imaging equipment that gets

쁘。엣

its sales in Europe, dropped 3.1%. M acquane Group lost 4.1% amid concern full-

year earnings may trail the Australian lender's torecast. unina Petroleum & Chemical Corporation fell 6.4% in Hong Kong after Asia's biggest refiner said it planned to sell shares worth HK$24bn at a discount.

The MSCI Asia Pacific index slid 1.4% to 131.82, with almost four

stocks falling for each that rose. "It's a return of worries about Europe,"

AMP Capital Investors' Shane Oliver said. "The market got very stretched and was due for a pullback, it was just a question of what the trigger would be. We could still see some further weakness this month."

The MSCI Asia Pacific index, the benchmark regional equities gauge, rose 12% until Monday since the November14 announcement of Japanese elections sparked optimism a new government would lead the country out of recession and deflation.

Japanese shares fell, with the Nikkei 225 slipping 1.9% after closing at its highest level since April 2010 on Monday. South Korea's Kospi lost 0.8%. Singapore's Straits Times fell 0.8% and Taiwan's Taiex slipped 0.5%. Bloomberg

(10)

Kunene was deliv- on his route along

yesterday.

_ivianuia

ermg mail on h Sodium Place,

his leg," said Gondwe.

"I bumped the dogs my

let go 0

Postman

'torn to

shreds'

MAULED: Boerboels leave man with critical injuries

ESTELLA NAICKER

A POSTMAN was rushed to hospital with critical injuries atter fle was vicsousiy attacked by three boerboels

when the three dogs him.

Manide Gondwe and Edna

Moolman say they were on

tneir way nome wnen tney ca딨 upon小e scene. ,: 스끄． tnree aogs wrre멧 '-HiLl

쭈d 무le긱we臀 tearrng 무im`r0

snreas. Iwo naa mm oy me neck and the third was biting

scared they were going him. He had lost so -

ral Hill,

attacked blood he didn't even have

the ·

「

an.

to kill much with them ras so

- Owner of the dog,

Erilshecloibet she

ka Schultz, said is certain she osed the gates

hind her before e left home.

뇽

^ives^,utMpumelelo Mdhluli, who in the same street, ran to assist the women, us- a stick to drive the dogs

〔 into their yard, before closing the garden gate.

Kunene received injuries to his neck, face and upper body and could possibly lose his ear.

Kunene has worked for the Post Office for more than 10 years.

(11)

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(12)

obs in fourth

Mpho Sibanyoni

Business Reporter

THE Quarterly Labour Force Survey shows there were 235 000 less people employed in the fourth quarter of last year, a sign of the tough eco nomic times.

Statistics SA released the survey yesterday, revealing that the jobless rate fell by 0.6 percentage points from 25.5% to 24.9% between Octo- ber and December.

'It is the first time since . the inception of the

that there is a d

employment in the fourth quarter of a year," read the report.

"The decline in total employment was largely driven by the decrease in the number of employed persons in private households (48 000), trade (41 000) and transport (18 000) industries.

"Employment gams were observed in agriculture

(24 000), construction (15 000) and mining (8000)."

The proportion of employees with benefits also turn- bled, signalling a decline in quality jobs.

The report highlighted that in the first quarter of 2008, about 64% of the unemployed had no matric while 5.2% had tertiary qualification.

In 2012's fourth quarter 61.3% of the unemployed, did not have matric and 6.2% had tertiary qualifications.

ecrea survey

ase in