Donna Block After years of fat margins and record profits, South African banks are now crying poverty. In the wake of the recent volatility in the worlds financial markets, commercial banks have seen their profits squeezed by a plunging rand and the Reserve Banks desperate attempts to stave off international speculators by hiking the repo […]
Ann Eveleth Mothinya Molakeng (53) quit his job as an agricultural extension worker in 1994 to farm the land from which the former government brutally evicted his and 124 other families in 1978. He is still waiting. The commission on land allocation, set up in the dying days of the National Party’s reign, agreed in […]
Tony Twine A tailpiece to a news bulletin a few years ago reported that a young child had lost his first milk tooth and had been instructed on how to liquidate his asset via the tooth fairy market. Much to his delight, the tooth disappeared overnight, to be replaced by a shining R5 coin it […]
Maureen Freely: A SECOND LOOK As anyone who has ever tried to join it can tell you, the Mile High Club is not all it’s cracked up to be. It’s almost impossible to get into position without letting at least one fellow passenger in on the secret. You have to be prepared to stop writhing, […]
Phillip Kakaza Zimbabwean master drummer Jethro Shasha, well-known on the South African music scene, died at the age 46 last Sunday, having suffered for many years from diabetes. He played with many top musicians, including Malian Salif Keita. He was due to do a live recording with pianist Paul Hamner this weekend. Touched by Shashas […]
A black commercial farmer in the Free State claims to have been sabotaged by some of his white counterparts, writes Ann Eveleth The vultures started descending on Isaac Khumalo’s Vredefort farm soon after he took the plunge into commercial agriculture in December 1995. Thirty-one-year-old Khumalo, the Free State vice-chair of the Emerging Red Meat Producers […]
John Grobler Angolan civilians began fleeing into Namibia this week as both the Luanda government and its Unita foes started forcibly recruiting soldiers. But both could find it hard to recruit willing soldiers to a new war, Angolan watchers said. Last Saturday June 20, about 100 Angolan civilians crossed into Namibia from southern Angola. The […]
Adam Haupt On show in Cape Town Schisstrrer Saves the Planet! takes its audience into the Willoughby world of schizophrenia. The show is framed by Guy Willoughbys familiar character, Major Schisstirrer. The retired and decidedly demented South African Defence Force character arrives to pitch his right-wing security plan, Bloed Rivier. This time he proposes the […]
madness’ As a falling yen caused stock market ripples, famous economist John Kenneth Galbraith, approaching 90, speaks to Ben Laurance and William Keegan Let’s start with Japan. What do you see as the medium-term and long-term game? Japan is still in the aftermath of one of the great speculative episodes of our time – both […]
You can negotiate with your bank to get the best deal on your bond or car financing, writes Belinda Beresford Waking up after the night before, that faint hint of an ache in your forehead is a disagreeable reminder of the pain to come as the hangover hits with full force. Its the same wincing […]