MONDAY, 12.30PM
THE World Bank on Friday approved its first loan to SA in over 30 years, awarding $36-million in credit to help small businesses compete in the global marketplace.
The $46-million loan is repayable over 15 years, after a three-year grace period.
SA’s last World Bank loan was awarded in 1966 for transport and electrification infrastructure.
BUSINESS BRIEFS
SABC CRISIS MEETING SA Broadcasting Corporation CEO Zwelakhe Sisulu is to hold a crisis meeting today to address concerns following a rash of resignations from the television news department.
‘CHANGE INSIDER TRADE LAW’ JOHANNESGURG Stock Exchange president Russell Loubser said last week that the insider trading problem can only be solved if the law is changed to allow private prosecutions. The JSE has yet to successfully prosecute an insider trading case.
US DRUG GIANTS FIGHT BACK UNITED States pharmaceutical companies intend to take their fight against Health Minister Nkosazana Zuma’s draft Medicines and Related Substances Control Amendment Act to the US-SA Binational Commission next month. Zuma is due to accompany Deputy President Thabo Mbeki to the meeting.
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