THE African National Congress and the Inkatha Freedom Party on Thursday agreed to form a coalition government in KwaZulu-Natal. In a joint statement the parties said that they commit themselves to a need for the formation of a coalition government between the ANC and IFP. They said they hope “to finalise the talks in due […]
OLD Mutual Unit Trusts announced on Monday that it is to temporarily stop inflows into its R320-million Global Technology Fund. This decsion comes after the government’s decision to limit foreign investments to 15% of domestic and not total assets. Old Mutual Unit Trusts’ managing director, Pieter van Niekerk, said that the fund would not accept […]
THE recently-launched Namibia Airports Company is to spend more than N$70-million upgrading the eight airports and aerodromes under its management. The NAC, which has inherited responsibility for the cash-strapped airports, also plans to increase the combined turnover of the eight air terminals by as much as 36%. NAC CEO Tukondelanee Nghihalua said that Walvis Bay […]
THE South African National Civic Organisation and the Congress of South African Trade Unions in the Eastern Cape are to team up to mobilise support against the construction of a casino at the Marina Glen site. Sanco spokesperson Benson Hobo says Gompo Leisure, the successful bidders for an East London casino licence, must face the […]
AT least 57 more people have died as an outbreak of a virulent strain of highland malaria spreads in southwestern Kenya. A clinical officer at Kilkoris government hospital, says another 30000 people have been affected by the disease in the remote Transmara district, about 240 kms west of Nairobi. A reporter who visited the region […]
ARCHAEOLOGISTS in Egypt’s Western Desert have discovered a huge cemetery, so far uncovering 200 mummies including some of the wealthy and powerful of 3000 years ago. The cemetery, which dates back to the early Greco-Roman era, is believed to contain more than 10000 mummies, making it the biggest ever uncovered. The site, 300kms southwest of […]
OWN CORRESPONDENT, Cape Town | Sunday 11.30am POLICE at Cape Town’s airport have seized about 30 semiautomatic and automatic guns and several rifles from security staff of Libyan leader Moamer Gaddafi, due here Sunday, a South African official said. The arsenal was seized when about 113 members of Kadhafi’s security force flew into Cape Town […]
NIGERIA’S President Olusegun Obasanjo plans to visit the scene of heavy intercommunal fighting in the troubled southern oil town of Warri on Friday. The centre of Warri, a key hub in the multimillion dollar Nigerian oil industry, has been devastated by intercommunal clashes in recent days and Obasanjo’s visit is seen as vital to hopes […]
PORTNET managing director Rob Childs has resigned suddenly, SABC news reports. Childs, who joined Transnet last February, was the subject of an internal investigation into the alleged abuse of Portnet tender procedures. The probe found no such abuse, but that Portnet’s management had failed to manage its consultants properly. Transnet CEO Saki Macozoma said Childs […]
SOUTH African businesses have been hit on Friday morning with new virus called the “ExploreZip Worm” –causing a number of businesses to shut down their e-mail servers to contain it. The new infection can erase files from users’ computers, making it much more dangerous than the Melissa virus, which gained notoriety for its ability to […]