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/ 21 September 2004
After a year of research and consultations with the local aerospace industry, the South African government has decided to help support growth in the industry through the creation of a joint institution, called the Aerospace Industry Support Initiative, according to Minister of Trade and Industry Mandisi Mpahlwa.
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/ 20 September 2004
Minister of Finance Trevor Manuel has called for an end to the management failures and ”lunacy” in the country’s public sector, saying the finances channelled to government have to be translated into concrete improvements in poverty, education and services.
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/ 16 September 2004
SABMiller, the world’s second-largest brewer by volume, has declined to comment on Thursday on media reports that the group is in talks regarding a possible joint acquisition of Canada’s Molson. SABMiller spokesperson Nigel Fairbrass said the group couldn’t comment on Thursday’s report in the <i>Wall Street Journal Europe</i>,
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/ 16 September 2004
Minister of Finance Trevor Manuel has spoken out against the trend of exorbitantly high salaries and greed among professionals, and has called instead for them to give something back to help to reduce the growing levels of inequality and poverty in the country.
The South African Reserved Bank (SARB) will be watching carefully the impact of the high oil price on inflation in the country, SARB Governor Tito Mboweni said on Friday at a meeting of Parliament’s joint finance committees. He acknowledged that there is nothing to be done to influence high oil prices.
The South African movie Forgiveness has received two prestigious awards at Switzerland’s 57th Locarno International Film Festival, taking away the best-film accolade and the Human Rights prize against stiff competition. Forgiveness stood out in a festival dominated by Middle Eastern themes.
Short-term insurance policy holders in South Africa are under-insured by about 45% on average, according to market research conducted by Santam, South Africa’s largest short-term insurance company. This means policy-holders will only receive partial compensation after submitting an insurance claim.
South African retailer Pick ‘n Pay is set to introduce 200 000 new Proudly South African shelf labels into its stores as a way of helping consumers keen to contribute to the local economy identify those products. Unveiling its initiative on Monday, Pick ‘n Pay said its pilot project will encompass 37 of its Gauteng stores.
A suspected outbreak of avian influenza (bird flu) in the Eastern Cape province has halted all movement of ostriches to the Western Cape until a confirmed diagnosis has been made regarding the cause of serious mortalities at three ostrich farms in the Cradock-Somerset East region of the Eastern Cape.
Vincor International, one of North America’s largest producers of wine and related products, has acquired the shares of UK-based privately held Western Wines, the largest independent wine importer and distributor in the United Kingdom and the largest importer of South African wines to the UK.