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/ 22 October 2003

JSE lower at noon; resources weigh

The JSE Securities Exchange South Africa was lingering in the red at midday on Wednesday, with resources and platinum counters the main culprits on the downside, although gains in gold stocks limited the overall losses. The slightly firmer rand was also weighing on many dual-listed shares.

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/ 22 October 2003

Hefer: Why journalist must testify

Judge Joos Hefer found on Wednesday that the Constitution did not grant immunity from testifying to every journalist in all circumstances. ”A journalist, like any other person, (is) obliged to testify but is entitled to refuse to answer any particular question against which there is a valid objection,” he said.

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/ 22 October 2003

Outrage at ‘mutilated’ Children’s Bill

Child rights groups are increasingly alarmed at attempts by Social Development Minister Zola Skweyiya to fast-track the Children’s Bill ahead of next year’s election. The director of Resources Aimed at the Prevention of Child Abuse and Neglect, Carol Bower, said the minister seemed unaware that the Bill was nothing like the version prepared by the SA Law Reform Commission.

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/ 22 October 2003

Kim Yong’s descent into hell

Kim Yong seemed to have it all. He was a trusted lieutenant colonel in a North Korean police agency and worked for a company that exported fish to Japan. Then one day, North Korean authorities learned that Kim had been living for decades under an assumed name. Kim was immediately sent to a detention facility.

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/ 22 October 2003

Sony plans to embed cash chips in cellphones

Sony Corporation is studying ways to let consumers use their cellphones to buy groceries at convenience stores, pick up the tab for lunch and pay train fares. The electronics giant already has its own smart card payment service called Edy — an acronym for ”euro, dollar, yen” — which is accepted by about 2 700 stores in Japan.

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/ 22 October 2003

Treasury job’s R700 000 package

The job to be vacated at the end of the month by South African National Treasury director general Maria Ramos is being advertised with a package of R738 993 a year. The advertisements in national newspapers stated that one of the requirements for the job is a post-graduate degree (master’s) in economics, public finance and financial management.