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/ 16 October 2003
Pope John Paul II, courageously clinging to the vestiges of a once-robust health, received a rapturous welcome from prelates and pilgrims alike on Thursday as he celebrated a milestone 25th anniversary of his election. Thursday morning’s audience in the Vatican’s Paul VI hall was attended by more than 7 000 pilgrims.
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/ 16 October 2003
South African Reserve Bank (SARB) governor Tito Mboweni said on Thursday that the central bank would cut the repo rate by 150 basis points to 8,5%, effective from October 17. Mboweni made the announcement at the end of a two-day meeting by the SARB’s monetary policy committee.
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/ 16 October 2003
Anti-apartheid activist Bram Fischer was reinstated to the Roll of Advocates on Thursday by a full Bench of the Johannesburg High Court. Fischer was welcomed back into the fraternity through the new Reinstatement of Enrolment of Deceased Legal Practitioners Act, also called the ”Bram Fischer Act”.
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/ 16 October 2003
Hermes, a large asteroid that skimmed by the Earth in 1937 but has never been seen again, has been spotted once more after years of effort by astronomers. Hermes created a stir when it flew by close to the Earth in October 1937 at a distance of less than a million kilometers.
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/ 16 October 2003
The absence of detailed statistics relating to crime on tourism hampers efforts to get a true picture of the situation, says Deputy Minister of Environment and Tourism Rejoice Mabudafhasi. The police’s administration system ”does not provide for a distinction between crime against tourists and crime against the general public”, she said.
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/ 16 October 2003
More than 2 000 Zambian workers have been left in the lurch as the South African franchise shop Supreme Furnishers was liquidated by a Lusaka court this week — the third South African franchise in Zambia to close down after the expiry of its five-year tax grace period, a government privatisation incentive. "We appear to have set ourselves up for a fall. We have to scrutinise this policy again," said Zambia’s commerce minister.
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/ 16 October 2003
More than 2 000 Zambian workers have been left in the lurch as the South African franchise shop Supreme Furnishers was liquidated by a Lusaka court this week — the third South African franchise in Zambia to close down after the expiry of its five-year tax grace period, a government privatisation incentive. "We appear to have set ourselves up for a fall. We have to scrutinise this policy again," said Zambia’s commerce minister.
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/ 16 October 2003
Employees bore the full impact of the extent to which medical inflation has exceeded salary inflation over the past 10 years, while companies have kept their contributions towards health care costs largely constant.
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/ 16 October 2003
South Africa’s main black opposition, the Inkatha Freedom Party (IFP), has retained two municipal seats in by-elections held on Wednesday while the ruling African National Congress (ANC) has also retained two of its seats, one with a much reduced majority.
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/ 16 October 2003
The JSE Securities Exchange South Africa (JSE) was drifting in the red just before noon on Thursday, on lack of buying interest ahead of the South African Reserve Bank monetary policy committee’s decision on interest rates. Volumes were very light, with less than R400-million-worth of shares changing hands.