14.3%

Finweek English Edition - - IN BRIEF - The amount (R2.9bn) of his own cash that Glen­core CEO Ivan Glasen­berg will put for­ward as part of a $10.2bn pro­gramme to raise cap­i­tal, cut costs and con­serve cash (also see page 16), ac­cord­ing to guardian.com. Johannesburg-born Glasen­berg, who owns 8.4%

CEO of Glen­core China’s im­ports fell 14.3% in Au­gust in yuan­de­nom­i­nated terms from a year ago, re­flect­ing lower com­mod­ity prices glob­ally, while ex­ports fell by 6.1%, bbc.com re­ported. As a re­sult, China’s monthly trade sur­plus in­creased by nearly 40% to $57.8bn (R786bn). The lower trade fig­ures were seen as a fur­ther sign of China’s in­dus­trial slow­down. The coun­try has down­graded its growth rate for 2014 from 7.4% to 7.3%, the low­est in 25 years. Min­is­ter of labour Mil­dred Oliphant has not once ap­peared be­fore Par­lia­ment’s port­fo­lio com­mit­tee on labour since her ap­point­ment in 2010. The DA said ev­ery at­tempt made by the op­po­si­tion to get her to ap­pear be­fore the com­mit­tee has been blocked by the ANC, spear­headed by Lumka Yen­geni, the com­mit­tee’s chair­per­son.

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