It is still unclear when President Thabo Mbeki will announce the fate of his deputy, Jacob Zuma, who has been implicated in corruption. ”I am as in the dark as you are,” said presidential spokesperson Bheki Khumalo on Sunday, asked when Mbeki was expected to make an announcement.
An alleged South African spy nabbed in Zimbabwe in December did not want to travel to the country because he feared arrest, newspapers reported on Sunday.
The man was given no choice but to go, and senior South African Secret Service member George Madikiza had insisted on the mission, according to papers filed in the Pretoria High Court.
T-shirt maker Laugh It Off has won its fight against South African Breweries (SAB) over its right to mock the Carling Black Label brand. Justice Dikgang Moseneke, handing down a unanimous judgement in the Constitutional Court on Friday, found that SAB had not proved that Laugh It Off had infringed on the brewery’s trademark with the message on its shirts.
General Motors South Africa has been awarded an R18-billion contract to manufacture and export the United States-designed Hummer H3 vehicle, the company said on Wednesday. Production of the Hummer H3 2006 model will start in the fourth quarter of 2006 at the Struandale plant in Port Elizabeth.
If the oil price goes much higher it could threaten South African Airways’ (SAA) survival, chief executive Khaya Ngqula said on Friday. ”Once it is and up, it becomes just a question of survival,” Ngqula told reporters in Johannesburg. ”We are taking it one day at a time … but there is no cause for alarm just yet.”
Another R400-million will be spent to upgrade Johannesburg’s electrical infrastructure, a city councillor said on Wednesday. This is in addition to R500-million already invested in the past two financial years to end the scourge of power cuts, said Brian Hlongwe, a councillor responsible for municipal services.
The Gautrain Rapid Rail Link will be ready for the 2010 Soccer World Cup, the project leader said on Tuesday. ”It’s a brave man who says it straight like that but the answer is yes, we will commission the whole system in time for the World Cup,” said Jack van der Merwe, chief executive of the Gautrain project.
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/ 29 December 2004
Tsunami survivors sobbed and broke down when they met their families at Johannesburg International airport on Wednesday after arriving on a mercy flight from Phuket, Thailand — and praised two young South Africans who coordinated the rescue effort. Meanwhile, the number of people killed in Sunday’s earthquake and tsunamis neared 81 000.
Business confidence is at record levels aided by a strong rand, lower domestic inflation and a surge in consumer spending, the SA Chamber of Business (Sacob) said on Tuesday. Sacob’s business confidence index (BCI) reached a level of 130,9 points in September, which is 3,1 points higher than August’s level of 127,8.
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/ 23 September 2004
The government supports the principle of there being a minimum of four large banks supervised by the South African Reserve Bank, Minister of Finance Trevor Manuel said on Thursday. Absa has announced that Sanlam’s share in the bank may be sold and has confirmed it is in talks with British bank Barclays plc.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&ao=122696">Absa stake may be for sale</a>