Yearly Archives: 2001

SOUTH African IT company Computer Configurations Holdings (CCH) has sold its infrastructure management division Infracom to the unit’s management for up to R210m. The disposal is part of a deal by data management firm MGX to buy out all other CCH assets. Absa Corporate Bank is providing most of the funding for the buyout of […]

BRITISH Airways has begun lining the fuel tanks of its Concorde jets with the same type of rubber used in bullet-proof vests in a move aimed at making the supersonic jet safe enough to fly again this spring. Chief BA Concorde pilot Mike Bannister said changes to the plane’s delta-shaped wings were intended to prevent […]

DE BEERS and LVMH, the world’s leading diamond miner and top fashion group, have set up a joint venture to combine style and substance in luxury jewellery retailing. The two companies will each invest up to $200m over a four or five year period in the unnamed retail group, which will open ”a small number” […]

ZIMBABWE’S Reserve Bank governor Leonard Tsumba says average inflation is expected to rise to about 70% in 2001 from 55.7% last year, further threatening the fragile economy. High inflation levels had led to high nominal interest rates with serious debt service implications for the country’s productive sectors, Tsumba said. Tsumba also cut interest rates on […]

SWAZI authorities are probing indications that drunken soccer fans who crammed into a passenger bus at the weekend caused the nation’s worst ever public transport accident. The overcrowded Inawe Ngwane Bus Service intercity coach plunged off the Lubombo Highway in eastern Swaziland on Saturday, killing 30 passengers and trapping the unnamed bus driver in the […]

THE manager of a prominent security company in Mpumalanga and two other men this week walked free on murder charges because their case docket disappeared from a police locker over the festive season. The Nelspruit Regional Court withdrew the case against owner and manager of Lowveld Professional Security, Chris Daniel van der Walt, 35, his […]

PHILLIP NKOSI, Pietersburg | Tuesday NORTHERN Provinces government has paid almost R1,5m to 83 dead officials – despite warnings that the money was disappearing into thin air. Provincial Auditor General Steve Lekutle slammed the provinces finance department for the scam in a new report this week, warning that very little of the money had been […]

THE Nigerian government has told the agency running the country’s 16 airports to get rid of more than 50 planes abandoned years ago. The hulks of the planes have lain for years at airports around the country, and the aviation ministry has decided a clear-up is necessary. The agency is in the process of acquiring […]

UP to three quarters, or 150_000, of Namibia’s seal pups could starve this season if the weather continues to push the fish they eat away from the shore, a marine biologist warned. Trade winds from the southern Atlantic, which should cause an upwelling of a plankton-rich cold current along the coast, had weakened. The fish […]