MONDAY, 2.00PM: IT will be at least two years before provinces get the powers to levy the taxes allowed by the Constitution and strongly urged by the Financial and Fiscal Commission, because the South African Revenue Service cannot collect and distribute taxes regionally. Originally, it was expected that legislation controlling such taxation would be in […]
MONDAY, 6.30PM: THE Johannesburg Stock Exchange took a hammering on Monday, following the precipitous drop of the rand in after-hours trading on Friday as foreign investors got the jitters on rumours that the rand is to be devalued by the Reserve Bank. The market seems to be led principally by the rand, the repo rate […]
OWN CORRESPONDENT, Cape Town | Tuesday 2.30pm FW DE KLERK’s court case against the Truth and Reconciliation Commission was postponed on Tuesday in the Cape High Court. Judge Jeffery Immerman agreed to postpone the case in order to allow both sides to better prepare. No date for another hearing was set. The former president, who […]
SMALL-SCALE cattle farmers in Mpumalanga got a boost on Monday with the launch of a programme to combat soil erosion and degradation in communal grazing areas the province’s Lowveld region. The programme has targeted an initial 9170 hectares used by 42 subsistence farmers in the Mawewe tribal trust for improved soil conservation management. The project […]
ZIMBABWE’S President Robert Mugabe has defended his extensive foreign travel despite economic troubles at home which have caused his trips to be criticised as unnecessary. Mugabe told state media before he left for Nairobi, Kenya on Sunday that the outcry over his trips and claims that they were draining millions of dollars from the cash-strapped […]
A WARRANT has been drawn up for Trevor Tutu, the wayward son of Truth and Reconciliation Commission chairman Archbishop Desmond Tutu, for failing to pay a R8000 fine. Tutu could spend a year in jail as a result. He was fined R10000 earlier this year after being convicted for reckless driving, of which R2000 was […]
THE Chamber of Mines’ economics department said on Thursday that, owing to “a double counting error”, gold output for last year had been overstated by more than nine tons (9379,5kg). South Africa’s true gold production for 1998 was 464,4 tons which was 5,7% lower than the previous year’s output of 492,5 tons. During the first […]
A HOMEMADE incendiary device was found outside the Pretoria home of Gauteng Freedom Front leader Joseph Chiole at about 6.00am on Tuesday. Seeing the package marked “a gift to General Viljoen”, Chiole drove it to Viljoen’s home. When the package was inspected at 3.30pm on Tuesday an explosive device consisting of a three quarter full […]
ENGEN on Friday named Almorie Maule as CEO to replace Rob Angel who was earlier this month appointed chairman and CEO of the Caltex Corporation. Maule is the first woman appointed as the head of a local oil company. Prior to joining Engen, Maule held senior strategic planning positions at both South African Breweries and […]
THE European Union and Rwanda have signed a 68-million-euro finance package deal, according to an EU statement received here on Thursday. The bulk of the package, worth some 66 million euros will take the form of direct budget support and constitutes the EU’s contribution to a structural adjustment plan and the economic reforms undertaken by […]