WATER Affairs and Forestry Minister Ronnie Kasrils announced on Wednesday that he is to close three water projects in the Western Cape. Kasrils said the three Working for Water projects — in George, Mossel Bay and Knysna — will shut down immediately as a result of over-expenditure, low levels of productivity and lack of discipline […]
MALAWI has joined with three of its neighbours in the multi-million dollar Mtwara Development Corridor that aims to boost trade and investment in landlocked countries in the region. Negotiations on the corridor, which will also pass through Tanzania, Zambia and Mozambique, started last November and it is believed to have the potential to draw trade […]
SOUTH Africa’s Airports Company on Tuesday reported upbeat results for the year to March 31, 1999, but cautioned that the current year’s earnings will be hit by interest costs on borrowings and asset depreciation. Acsa unveiled turnover up 19% at R844,22-million from R710,39-million the previous year. Headline earnings a share were up to 52,24c from […]
TANZANIAN government officials have rejected claims by a New York-based human rights group that the east African country is ill-treating refugees, newspapers reported on Thursday. The privately-owned Guardian quoted Home Affairs Minister Ali Ameir Mohammed as saying that he was aware of the Human Rights Watch report, but said the government had simply rounded up […]
OWN CORRESPONDENT, Johannesburg | Thursday 6.30pm. THE Department of Sports and Recreation will not be wielding the big stick as far as sporting quotas are concerned, Sports Minister Ngconde Balfour said at a Johannesburg press conference on Thursday. However, Balfour said, a meeting of all the major sporting representatives which would include the National Olympic […]
MOZAMBIQUE’S Association of Demobilised Soldiers announced on Wednesday that it will establish a private security company staffed by former soldiers and guerilla fighters. The new company will initially be funded by the association, but will be expected to achieve self-sufficiency by the year 2001. Amodeg spokesman Martins Buanaher said this will help members get a […]
SOUTHERN Africa Development Community (SADC) executive secretary Kaire Mbuende said on Tuesday the region wants its $50-$75-billion debt slate wiped clean by the world’s rich nations for a fresh start to the new century. “Most of the debt is owed to governments and multi-lateral institutions, so it is within the power of the G7,” Mbuende […]
SWAZILAND has finally reduced corporate tax by 7% to 30%, to encourage local and foreign investment in the kingdom. The reduction is contained in the Income Tax (Amendment) Bill of 1999 presented to the cabinet recently by finance minister John Carmicheal. Swaziland has maintained its corporate tax at 37% over the years whilst other regional […]
MOZAMBIQUE needs about $300 million to reconstruct the 600km Sena railway line that suffered damage during the country’s 16-year civil war that ended in 1992. The country’s president, Joaquim Chissano was quoted on Monday as saying Mozambique is talking to potential investors from the United States, China and Italy to provide financing for the reconstruction […]
SUPERSPORT, the televison sports giant, has bought 40% of rugby’s Natal Sharks. SuperSport and the Natal Rugby Union have formed a new firm to handle all the province’s professional rugby interests, including the Sharks and the Natal Wildebeest. SuperSport MD Russell Macmillan called Natal the “Manchester United of the rugby world”, praising its professionalism. SuperSport […]