South Africa’s targeted CPIX inflation quickened to 6,3% in the year to April, breaching the central bank’s 3% to 6% target for the first time since August 2003. Figures from Statistics South Africa also showed that the all-items consumer price index increased by an annual rate of 7% in April, compared to 6,1% in March.
South Africans are changing their hard-drug habits, but the fallout from substance abuse remains the same: the destruction of lives, families and communities. Heroin, cocaine and methamphetamine abuse has risen substantially in the past few years, while the use of once-popular drugs such as Mandrax has waned, according to a recent report by South Africa’s Medical Research Council.
Zimbabwean publisher and editor Wilf Mbanga will mark this year’s World Press Freedom Day on May 3 in Britain, along with several other reporters from his country who have fled the repressive regime of President Robert Mugabe. He has responded to these challenges by editing and publishing a weekly, the <i>Zimbabwean</i>, outside his country.
Burma has opened its doors to international inspectors to probe forced labour, South African Labour Minister Membathisi Mdladlana told the International Labour Organisation in Geneva on Wednesday. Mdladlana told the organisation’s governing body, which he chairs, that years of delicate behind-the-scenes diplomacy had finally paid off.
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/ 27 February 2007
South African media firm Naspers plans to raise around -million via a private placement of its ”N” shares to boost funds for expansion in emerging markets, the company said on Tuesday. Naspers, which runs African pay-TV service DStv, said book-building for the placement would start on February 28.
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/ 13 February 2007
South Africa has expropriated its first farm in a land-reform drive aimed at returning land taken from the African majority under apartheid, officials said on Tuesday. This marks a new phase in the contentious issue in the country, which has faced growing pressure to erase racially skewed land ownership.
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/ 30 January 2007
With a rapidly and continuously changing tax environment and a heightened focus on sound corporate governance, South African companies are facing the necessity of dealing effectively with corporate risk of a new sort: managing tax risk. This includes effective tax planning for the best benefit of the organisation to avoid lost opportunities whilst ensuring full compliance with the law.
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/ 22 January 2007
Nissan Diesel and its dealer network are to spend R89-million on new infrastructure developments across South Africa, the truck manufacturer has announced. An additional R6-million will be invested in the training of much-needed technical apprentices and sales personnel.
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/ 3 December 2006
Johannesburg metro police on Sunday arrested five motorists for speeding, including a Lamborghini driver doing 251kph in Midrand. Along with the luxury car owner, metro police arrested the drivers of a Peugot and a Porsche driving in excess of 180kph on the N14 in Midrand, said Inspector Edna Mamonyane.
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/ 15 November 2006
Wireless broadband provider iBurst has struck a deal with listed telecommunications company Datapro and consumer-focused ISP @lantic Internet Services, the company said on Wednesday. iBurst has a subscriber base of almost 30Â 000 and this has the potential to grow significantly with the partnership.