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/ 7 February 2007
A multibillion-rand ferro-manganese smelter complex is to be constructed in the Coega industrial development zone, the Herald Online reported on Wednesday. It said the project would almost certainly mean a speedy upgrade of the railway link between Coega and the Northern Cape, where the manganese would be mined.
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/ 7 February 2007
A cholera outbreak in Somalia has killed more than 115 people and hospitalised 724, medical officers said on Wednesday, while the capital was hit by more violence. Tests conducted by international medical aid group Médecins sans Frontières confirmed the cholera outbreak in towns along the Shabelle River.
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/ 7 February 2007
South African black-owned mining group Mvelaphanda Resources expects to post a first-half basic and headline loss of 590 cents to 610 cents due to a fair-value adjustment on its stake in Gold Fields. The loss was due to an 18% slide in Gold Field shares from R162 on June 30 to R132,75 on December 30.
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/ 7 February 2007
South Africa may introduce ”flow-through shares” to bolster flagging mining exploration, the chief economist at the Chamber of Mines told Parliament on Wednesday. The possible new rules would allow junior companies to issue shares that enable investors to get a tax deduction for the expenses of an exploration company.
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/ 7 February 2007
Vodacom, South Africa’s biggest cellphone operator, has shaken up its senior management and appointed a new business development officer to give its strategy group more time to focus on acquisitions. Vodacom dominates the South African market but lags behind rival MTN in Africa as a whole.
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/ 7 February 2007
South African media firm Primedia has received a takeover proposal from a consortium led by its chief executive, the company said on Wednesday, sending its shares up more than 7%. The consortium has proposed offering R25,50 per ordinary share and R24,50 per N share, valuing the company at almost R6-billion.
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/ 7 February 2007
The productivity of South Africa’s mining sector has not been affected by the Aids pandemic to the extent forecast in some of the ”doom-and-gloom” scenarios of a decade ago, the Chamber of Mines said on Wednesday. The chamber’s chief executive, Mzolisi Diliza, said that intervention strategies now mean that up to 94% of workers being treated are returning to work.
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/ 7 February 2007
Many Gauteng schools are experiencing a shortage of qualified teachers, the South African Teachers’ Union (SAOU) said on Wednesday. However, the education department has rejected the statement by the teacher body, saying there is no shortage. SAOU provincial spokesperson Carel Cronje said an increasing number of principals are experiencing problems in finding suitable teachers.
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/ 7 February 2007
Violence last week in the Bas Congo province in western Democratic Republic of Congo (DRC) left 134 people dead, the United Nations said on Wednesday. ”We estimate at 134 the number of lives lost in these clashes,” Didier Rancher, a military spokesperson for the UN said of clashes between security services and members of the Bunda dia Kongo religious movement.
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/ 7 February 2007
People concerned about crime have sent more than 5Â 000 letters to President Thabo Mbeki via a website Solidarity set up, the trade union said on Wednesday. According to spokesperson Jaco Kleynhans, more than 5Â 000 letters were e-mailed to Mbeki’s office within the first 24 hours of the website’s launch on Tuesday.