Recent changes announced by the McCarthy Group, including the creation of McCarthy Bank, came as no surprise to industrial analysts and other market pundits. The company has been languishing in no-man’s land for 18 months and analysts have expressed concern about a lack of clear direction at the top of the company. Directors had punted […]
Marko Saravanja THE POLITICAL ECONOMY OF SOUTH AFRICA: FROM MINERALS-ENERGY COMPLEX TO INDUSTRIALISATION by Ben Fine and Zavareh Rustomjee (Witwatersrand University Press, R89,95) If you want to know the present you must understand the past. Ben Fine and Zavareh Rustomjee (the director of the centre for economic policy for Southern Africa at the University of […]
John Owen Editors are biting fingernails and journalists are whispering in the corridors as the neck-on-neck magazine market prepares itself for the arrival of a kick- ass competitor in the form of Y, a new magazine written by young black people for young black people. The fire behind all the smoke has come into view […]
The whole of East Asia and the global markets, of which the Johannesburg Stock Exchange is one small component, suffered the reverberations of this week’s seismic shock in Japan when the second-largest economy in the world sank into its first recession for nearly a quarter of a century. The situation was rescued by United States […]
FRIDAY, 8.00PM: AN unqualified former secretary of the Mpumalanga legislature confessed last year that he stole more than R500,000 from the legislature’s Trust Bank account, the Ngobeni Commission heard on Friday. The matter was not reported to the police. Mpumalanga speaker Elias Ginindza testified that the former secretary, Alfred Mahlangu, officially confessed that he stole […]
Mungo Soggot and Tangeni Amupadhi They are one of the South African legal profession’s odder couples: Shafique Sarlie, a smart Indian attorney with neatly coiffed black hair, and advocate Manie Dempers, a former colonel in the South African Defence Force who could be mistaken for a security policeman with his balding head and piercing blue […]
THURSDAY, 4.00PM: ANGOLA’s Unita rebel movement has seized the small town of Piri on one of the main roads north-east of the capital, Luanda, raising the spectre of renewed civil war. The government reported on national radio that the Unita fighters took Piri on Tuesday, killing five people, following an initial assault on Sunday. The […]
WEDNESDAY, 4.00PM: THE investigation into the circumstances surrounding the air crash that killed Mozambican president Samora Machel 12 years ago took a new twist on Wednesday when a Mpumalanga scrapyard owner claimed that wreckage in the possesion of police did not come from Machel’s plane. African Eye News reports that Greg Duffey, of Duffey’s metal […]
MONDAY 6.30PM THE trial of former state president PW Botha, in the dock for refusing to respond to a subpoena from the Truth and Reconciliation Commission, was adjourned until August 17. Judgment is expected on August 18. At the resumption of the trial on Monday after a few days’ ajournment, the state prosecutor, Bruce Morrison, […]
MONDAY 6.30PM: THE rebels fighting in Guinea-Bissau said on Monday that they would be willing to end the revolt if President Joao Bernardo Vieira resigned. The rebellion broke out last week, triggered by the dismissal, for trafficking guns to Senegalese rebels, of Brigadier Ansuman Mane as defence force chief of staff. A spokesman for the […]