Staff Reporter
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/ 1 May 1996

Banking against a ‘big bang’

Mungo Soggot RESERVE Bank governor Chris Stals said this week he feared lifting exchange controls because of the heavy “pent-up demand” in South Africa to invest abroad that had built up in the past 30 years. Talking about the rand’s meltdown and the Reserve Bank’s relationship with the government, Stals rejected the view that the […]

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/ 1 May 1996

Wearing pride on a sleeve

Evita Bezuidenhout would have loved these designs for a national costume, writes HAZEL FRIEDMAN THE designers might have been billed as the Young Lions of local fashiondom, but some of the creations spawned by the finalists of the South African Fashion Designers Association (Safda) competition would have been more deserving of disaster-relief aid than a […]

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/ 1 May 1996

Namibian parastatal sacks MD

Graham Hopwood THE managing director of Namibia’s most controversial parastatal has been sacked by the TransNamib board of directors. The board issued a statement saying that Francois Uys was retiring from TransNamib at the end of April by mutual agreement. Speculation is rife that Uys was given a package of nearly N$3-million in exchange for […]

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/ 1 May 1996

Can Telkom actually deliver?

Telkom has five years to connect four million lines. Can it meet the challenge of universal service without a substantial restructuring? Aspasia Karras reports Telkom is probably the most vilified of South Africa’s parastatals. Seen as inefficient and bureaucratic, consumers’ greatest frustration is the lack of an alternative. While cellular technology promised to provide an […]

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/ 1 May 1996

Magistrate frees British spy

A BRITISH spy, held for 135 days in prison after making the mistake of coming to South Africa on holiday, was freed this week when a Kempton Park magistrate refused a United States application for his extradition. Paul Grecian was freed by magistrate Danie Oberholzer, who said the offences Grecian had been charged with in […]

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/ 1 May 1996

Pact boss’s secret R500 000 payout

Former Pact CEO Louis Bezuidenhout was given a secret “severance package” before being immediately re-employed on contract by Pact. And the amount – estimated at around R500 000 – was never reflected in Pact’s financial records. These are the findings of an investigation into the existence of a secret trust fund set up for senior […]

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/ 1 May 1996

Miniature Landscapes

Luan Nel abandons his miniature landscapes and transforms concrete walls into canvases for a show this weekend. He spoke to HAZEL FRIEDMAN VISITING the site of Luan Nel’s Centre is like watching an old silent movie (in technicolour) at the Top Star drive-in. Giant, flickering images – many of them bucolic in mood – are […]

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/ 1 May 1996

Liberian gunmen killed in US Embassy attack

Norman Kempster AT least three Liberian gunmen were killed by Marine guards this week when they tried to invade the US Embassy compound. Monrovia was swept by factional fighting and lawlessness after the breakdown of a 10-day- old cease-fire. The Pentagon said unidentified Liberian assailants fired on the embassy on three occasions, drawing return fire […]

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/ 1 May 1996

Media Mad Times Media Limited managing

director Roy Paulson sees himself in the guise of Superman Jacquie Golding-Duffy Which television programmes do you watch most often and why? I find that the SABC programmes are, at the moment, in a total mess and there is very little to watch of any merit except, obviously, Business Day Tonight, and I do enjoy […]