Jaspreet Kindra Liberia’s ambassador to South Africa this week conceded that the arrest of the four journalists in Monrovia on charges of spying was the latest in the series of blows to the country’s credibility. Ambassador Llewellyn Witherspoon said the arrests “did not help the country’s image”. The four journalists, including South African cameraman Gugu […]

SOUTH Africa’s central bank governor Tito Mboweni said that the rand was grossly undervalued due to negative sentiment which was not based on the country’s economic fundamentals. In an interview with an Afrikaans-language television station, Mboweni also repeated that the central bank was determined to hit its 3% to 6% target for the inflation measure […]

Karlin Lillington ‘Ahanging garden of Babylon overlooking Silicon Valley,” is Rich Gold’s description of the most famous research laboratory in the history of computing, Xerox’s Palo Alto Research Center, or Parc. Oddly, the place where virtually all of modern computing was invented is not a computer company but a self-proclaimed ”document company”. Windows, screen icons, […]

Sechaba ka’Nkosi and Thuli Nhlapo Evening Post editor Lakela Kaunda is set to join the government to help drive a major shake-up of the presidency’s communications department. Sources said Kaunda has been approached by Deputy President Jacob Zuma’s office to fill the vacant post of a communications director in that department. However, it is believed […]

South Africa’s economic strategy should concentrate on stimulating the domestic market rather than on foreign direct investment Xolela Mangcu South Africa’s macro-economic growth, employment and redistribution (Gear) strategy is underpinned by a three-part syllogism. It proceeds as follows: the government should implement a set of structural-adjustment policies (low budget deficits, privatisation of state assets, relaxation […]

MINING group Avgold Ltd plans to raise about R500m through a rights issue. It said in a statement that the money would be used to fund the final stage of the Target Mine development and to repay a short-term loan of R300m from Anglovaal Mining Ltd. Avgold is 60.1% owned by Anglovaal. Shareholders will vote […]

MARK BENDEICH, London | Friday MINING group Billiton Plc announced an agreed C$1.7bn (US$1.2bn) cash bid for Canadian copper miner Rio Algom Ltd, trumping a hostile offer by Noranda Inc and Chile’s Codelco. Billiton, seeking to diversify its portfolio into base metals, said Rio Algom’s board had recommended its offer of C$27 per share, giving […]

THE state-run Nigerian National Petroleum Corporation said its northern Kaduna oil refinery would be back on stream by the middle of September instead of the earlier target of end August. The 110000 barrels per day (bpd) refinery was shut down early this month after its five boilers, which had shown signs of wear for some […]

THE Senegal government has ordered the local Coca Cola affiliate to halt production of Coca Cola and Sprite after a consumer protection organisation complained that “slimy substances” had been discovered in several one-litre bottles, the BBC reported. The ban came in response to a growing public outcry which has prompted the government to conduct immediate […]

OWN CORRESPONDENT, Bloemfontein | Thursday CAPE Town is fast becoming the leading child sex tourism destination of the world, where regular sex tours are organised in much the same fashion as wine route tours, according to one of South Africa’s top welfare officials. Law enforcement officials are fully aware of the trend, but are either […]