No image available
/ 15 November 2007
Big Food was scrambling for cover this week with the announcement that the Competition Commission has proposed fining Tiger Brands a whopping R98-million for its participation in cartel behaviour in the bread and milling industries. The custodians of some of South Africa’s most popular food brands have been colluding on a national level to set prices in an attempt to remove competition from their market.
No image available
/ 2 November 2007
More than R7-billion later the Coega Development Corporation appears to be close to securing its first anchor tenant. The Mail & Guardian has learned that PetroSA chief executive Sipho Mkhize and department of minerals and energy director general Sandile Nogxina were set to visit the CDC late this week to discuss housing PetroSA’s mooted R39-billion crude-oil refinery.
No image available
/ 26 October 2007
The controversial clause in the Children’s Amendment Bill, which allowed for parents to be fined R300 for spanking their children, has been removed. This week the parliamentary portfolio committee on social development agreed to remove Section 139 from the Bill after the ANC caucus moved to block the Bill being approved last week.
Finance Minister Trevor Manuel set the cat among the pigeons this week after the fallout over the disclosure that the PSL’s sponsorship negotiating team were set to share a R50-million payout from the recently announced R500-million PSL Absa sponsorship deal.
Safety for mine workers is back in the spotlight after the latest incident at the Harmony Gold Elandsrand mine near Carletonville, where about 3 200 people were trapped underground. The mining manager, Christo Pothas, said that shortly after 6am on Wednesday a large compressed air pipe in the shaft broke and fell.
The pipe snapped power and communication cables in the mine, leaving the nightshift miners stranded.
No image available
/ 28 September 2007
South Africa’s newly licensed pay-TV operators are going to find themselves playing catch up in the sporting arena, because MultiChoice has all but taken them out of the game. Sport equals big money and with three pay-TV broadcasters set to enter the market, the stakes are going to get a lot higher.
No image available
/ 20 September 2007
It seems one cannot, after all, do movies, gaming, education, business and music on Telkom’s broadband offering. The Advertising Standards Authority has ruled against Telkom’s "Do Broadband" advertising campaign in which it promises consumers that they can do all of the above internet activities using a one-gigabyte broadband package.
No image available
/ 20 September 2007
Up to a billion rands of funds invested in Fidentia are unlikely to be recovered, say the financial group’s curators. One curator, Dines Gihwala, of Hofmeyr, Herbstein & Gihwala, says the company is expecting to recover only a further R300-million of the missing money to add to the R300-million already paid to investors.
No image available
/ 14 September 2007
![]()
It was 2003 and I was working for the Rugby World Cup’s internal news-wire service. Based in Perth, Australia, covering the Springboks’ pool, the Georgian national team were one of the teams with whom I spent a bit of time. What I found was a bunch of athletes whose dreams of representing their country in water polo, wrestling and weightĂ‚Âlifting were crushed by the civil war.
No image available
/ 14 September 2007
After the corks had been popped and the celebratory champagne drunk, it is down to business for South Africa’s new pay-TV entrants. The next few years are going to be crucial in determining who will emerge as a real competitor to MultiChoice and who will fall by the wayside.