The Phillips Curve never died – it simply moved, argues Richard Thomas Economists are unlikely victims of fashion. The closest most get to the catwalk designs is a subtle but daring contrast between the colour of their cords and elbow patches. But intellectually, for all its seriousness, the profession has developed a butterfly tendency to […]
THURSDAY, 11.00AM: ISCOR is to mothball its ageing Pretoria steel mill, the comapny said on Wednesday, a move that will result in the loss of more than 1 000 jobs. Iscor MD Louis van Niekerk said the closure of the group’s oldest steel mill will cost about R1-billion, but he added this will not have […]
THURSDAY, 12.30PM: AMALGAMATED Banks of South Africa (Absa) on Wednesday announced a R44-million sponsorship deal of Athletics South Africa (ASA) over a period of five years. An excited ASA president Leonard Chuene said: “This is empowerment for us and we don’t have any excuse for not producing medal winners for both Sydney and the 2004 […]
THURSDAY, 3.30PM: COTE d’IVOIRE is to receive a loan of US$50-million from the World Bank and a $35-million debt-relief grant from the International Development Association (IDA). The funds are to help Cote d’Ivoire pay off its commercial debts as part of a general debt management strategy to attract private investors. The grant includes about $10-million […]
THURSDAY, 5.30PM FUGITIVE fraudster Oliver Hill finally looks set to be extradited to South Africa for trial, after the House of Lords this weak refused him leave to appeal a court ruling that he be extradited to face fraud charges totalling at least R100-million. Hill fled SA in 1987 to escape justice after his alleged […]
THURSDAY, 12.30PM: NATAL Rugby Union is taking the South African Rugby Football Union bosses to court in a row over the plan to regionalise next year’s Super-12 rugby competition. Natal claim that Sarfu’s decision has already cost them R3,5-million in revenue from sponsors. According to the plan, Natal will be grouped together with Border and […]
THURSDAY, 12.30PM: WITS University beat Hellenic 2-0 at Milpark Stadium in a Premier Soccer League match on Wednesday night. Nicky Shaw and Gary McNab scored for “The Students”. It was Shaw who opened the score in the seventh minute when he connected a Gordon Ewen cross to fire a powerful shot past goalkeeper John Dithebe. […]
THURSDAY, 3.30PM: TRADE among members of the Common Market for East and Southern Africa (Comesa) has grown from under a billion US dollars in 1985 to about $2,2-billion today, acting Secretary-General Erastus Mwencha said in Harare on Wednesday. “This translates into an average annual trade growth rate of 11,1%, compared with an average annual trade […]
THURSDAY, 12.30PM: THE Congolese soccer officials, who left South Africa on Sunday right after their squad lost to Bafana Bafana in a crucial World Cup qualifier, have lodged a complaint with Egyptian match commissioner Fathy Nossier, claiming that their players were assaulted during and after the match. They alleged that missiles were thrown at their […]
THURSDAY, 11.00AM: The administrations of Eastern Cape, KwaZulu-Natal and Northern Province are on the verge of collapse according to the provincial audit report released on Wednesday. Gauteng, on the other hand, emerged as the best-administered province, with the Western Cape the only other province to be given a relatively clean bill of health. Serious problems […]