ALAN FINLAY & Reuters, Johannesburg | Monday 12.30pm. THE South African economy has been more sluggish than thought for the first quarter of the year, largerly due to slumps in the agriculture, forestry and fishing sectors after this year’s high rainfalls and floods. However low growth means that interest rates are unlikely to be increased […]
THE telecommunications infrastructure of Eskom and Transnet is likely to be part of the second fixed line operator, according to Business Report. The line is expected to be up and running by 2003. The paper reports that the two state-owned entities will together own a minority stake in the new operations company. It is likely […]
ZIMBABWE’s domestic debt has continued to rise to reach Z$98,4-billion, its highest since independence, the central bank said on Monday. This is a 3,2% increase in the week to April 20 and is equivalent to 29% of the country’s gross domestic product. This is also the biggest weekly jump in direct borrowing since independence.
ERITREAN civic groups will take to the streets early on Monday in what they say will be a “massive, peaceful” demonstration against Ethiopia’s inavasion of Eritrea and a UN arms embargo against the two warring east African nations. According to the Eritrean Civil Society Organisations, the demonstration is to “summon the attention of the international […]
WESTERN donors and Tanzanian officials began informal talks on Monday on how to stimulate growth and use windfalls from recent debt relief to reduce poverty in one of the world’s poorest nations. Representatives of donors, due to attend a World Bank Consultative Group meeting in Dar es Salaam starting on Wednesday, applauded the country’s success […]
IT company Didata has announced that it has won a multi-million dollar contract to build China’s first vertical industry trading portal. The first phase of the contract is valued at $1,3-million. Didata will design and maintain the business-to-business e-commerce portal for China’s household appliance industry on behalf of China Internet Capital. The entire contract is […]
OWN CORRESPONDENT, Cape Town | Monday 4.00pm. ANDRE Vos will stay on as Springbok captain as long as his form and fitness hold, says convenor of selectors Francois Davids. The Cats and Golden Lions number eight was named to lead the 28-man Springbok squad in a Test and two against England next month, after World […]
AMAZULU have been dropped from the PSL into the coastal first division next season after they were beaten 2-1 by Ajax Cape Town on Sunday. To make matters worse, the KawZulu-Natal team was reduced to nine men, with the sending of of first Elasto Lungu (second warning for dangerous play) and then Jerry Skosana (red-carded […]
OWN CORRESPONDENT, Johannesburg | Monday 10.30am. AS President Thabo Mbeki arrives in the United States for a combined state visit and a trade and investment roadshow, data released in the US has raised concerns that US firms may be loosing market share in South Africa. The Business Day reports that South Africa ran a record […]
ANDREW MUCHINERIPI, Johannesburg | Saturday 5.00pm. IT was a strange autumn afternoon at Rand Stadium, a few kilometres south of the Johannesburg CBD. Strange because Swallows defeated Sundowns and strange because they collected three precious points using a system alien to South Africa. The Beautiful Birds went into their final Castle Premiership match of the […]