THE Congress of South African Trade Unions on Monday expressed its shock at Local Government and Constitutional Affairs Minister Valli Moosa’s approval last week for the privatisation of water delivery on the KwaZulu- Natal Dolphin Coast. Spokesman Mukoni Ratshitanga said in a statement Cosatu is considering seeking legal advice on the deal. “Cosatu views the […]

SOUTH African Telemedical Resources (TMR) today opened SA’s first telemedicine site with a dual site launch shared by the Western and Eastern Cape regions. Tygerburg hospital is now linked to Groote Schuur Hospital to provide radiology and pathology expertise, with links to Frere Provincial Hospital in East London for pathology and haematology cases. The pilot […]

THE future of provisionally liquidated Namibian copper mining company Tsumeb Corporation Limited has to be resolved this week, says liquidator Des Mathews. Mathews said on Sunday he is expecting to finalise what will happen to TCL this week. The company has been in provisional liquidation since April 29 and its closure threw some 2000 employees […]

OWN CORRESPONDENT, Johannesburg | Monday 12.30pm. DONALD GORDON, founder and chairman of Liberty Life, announced his retirement this weekend, clearing the way for a proposed merger between the firm and Standard Bank Investment Corporation (Stanbic). Business Day reports that the retirement will herald shifts in Gordon’s control of the Liberty Group, and may allow a […]

STANDARD Bank on Monday announced a 1% cut in its prime overdraft and mortgage interest rates. The prime rate falls on Friday Februray 12, to be followed by the home loan rate on Monday March 1. “The decrease follows a substantial reduction in the repo rate as well as a general improvement in money market […]

TRAFFIC on the main road from Mozambique’s capital Maputo to neighbouring Swaziland could be cut by floods soon, Mozambican officials warned on Monday. Water management officials said a bridge over the Umbeluzi river, which burst its banks at the weekend, is already under several centimetres of water. The situation is likely to worsen as the […]

A LEADING logistics practitioner will visit South Africa in April to keynote the local roundtable of the Council of Logistics Management (CLM). John Gattorna, author of The Gower Handbook of Logistics and Distribution Management, will keynote South Africa’s first Logistics Safari Series of conferences in Johannesburg, Cape Town and Mpumalanga. The roundtable is intended to […]

THE Sage Group is expecting a high rating at the end of the month from US insurance rating agency AM Best. Sage is the only South African financial services firm to hold a life insurance subsidiary in the US, Sage Life of America. The rating will be a cue to open the American firm for […]

THE new chief of staff of the Indian navy, Admiral Sushil Kumar, will visit South Africa for a week from Monday. Hiss visit follows one to India last October by South African Navy chief Vice-Admiral Robert Simpson-Anderson. “The visit serves to strengthen the ties of friendship and good co- operation between the South African and […]