OLD Mutual Unit Trusts temporarlity suspended its R2,9-million Global Equity Fund on Wednesday, and will not accept new investments. MD Pieter van Niekerk told a press conference in Johannesburg that the move follows a decision by the Reserve Bank to limit offshore investment to 15% of financial institutions’ South African-based assets, rather than total assets […]
BOTSWANA is to withdraw its remaining troops from Lesotho by the end of April, presidential spokesperson Andrew Sesinyi said on Wednesday. Some 650 soldiers of the Botswana Defence Force were deployed in the tiny landlocked kingdom as part of a Southern African Development Community intervention force that entered Lesotho last September to stabilise the political […]
A DISPUTE between tertiary educational institutions and the National Educational Health and Allied Workers Union (Nehawu) has led the Nehawu executive to threaten a strike by 220000 members on April 28. If the dispute over delaying tactics on the part of the institutions is not resolved, the national strike is set to go ahead. Nehawu […]
FIVE opposition parties are to meet the Cabinet on Wednesday to discuss what they are claiming is an abuse of taxpayers money by the African National Congress in a publicity campaign. New National Party, the Democratic Party, the Freedom Front, the African Christian Democratic Party and the Pan Africanist Congress have claimed that a recent […]
THE Melissa virus, which burst on to the computer scene five days ago, has turned up in South Africa. The virus is spread by e-mail and infects address books in computers, forcing them to send out infected e-mails. Local service provider Internet Solutions claims to have found the virus and stopped its progress in time. […]
THE CATS rugby side will propose that Andre Markgraaff be appointed to a minimum two-year term as coach this week. Cats CEO Johan Botes will discuss the matter with South African Rugby Union chief Riaan Oberholzer on Wednesday. Markgraaff’s success and reputation as a top forward coach have lent weight to arguments that continuity and […]
UGANDA’S Vice President Specioza Wandira Kazibwe, who also holds the agriculture portfolio, has defended herself against charges that her ministry mismanaged a World Bank-funded project. Speaking before Parliament on Tuesday, Kazibwe asked the House, which has demanded that she resigns as agriculture minister or face a censure motion, for “justice and fairness”. She urged the […]
PETER POLLOCK, the United Cricket Board’s convener of selectors, will announce the World Cup cricket squad on Saturday. It will be announced at 2.50pm on M-Net and SuperSport1.
THE state and prosecutors’ unions struck a deal on Wednesday that will see prosecutors receive another 9% pay increase, in addition to the 6% paid to them in December. “I hope [the rise] will boost the morale of prosecutors and that we see an immediate change in service delivery,” said National Director of Public Prosecutions […]
WELFARE organisation Operation Hunger on Tuesday said they have received thousands of letters from people destitute after their pensions and disability grants were stopped while the government weeds out “ghosts” and unnecessary payouts. Felicity Gibbs, national manager for Operation Hunger, said: “Rural areas are worst hit as people cannot afford to contest the judgments, cannot […]