International drugmaking companies Eli Lilly of=20 Indianapolis and Glaxo-Wellcome of London announced this=20 week that they have agreed to buy South Africa’s largest=20 private drug benefits manager, Medikredit. =20 Medikredit processes prescriptions for more than half the=20 country’s 190 private health plans and virtually all 3 000=20 retail pharmacies.=20 The acquisition follows Lilly’s purchase of […]
shareholders is a source of disagreement among JSE=20 analysts, reports Jacques Magliolo The reorganisation and unbundling of Johannesburg=20 Consolidated Investments (JCI), which comes into effect on=20 Monday with the splitting of JCI into three new companies,=20 has aroused scepticism among Johannesburg Stock Exchange=20 From=20next week shareholders will own three JCI shares=20 instead of only one. […]
Native tongue Bafana Khumalo WHY do these things happen to me? I must be cursed. Of all the billions of people in the world, I am the only one who will encounter an alien and the alien will not say anything profound like “take me to your leader”. To other people, yes, he will say […]
CINEMA: Stanley Peskin HOLLYWOOD has enshrined famous composers in romantic=20 titles: Chopin in Song to Remember; Brahms and Schumann in=20 Song of Love; Liszt in Song Without End and now Beethoven=20 in Immortal Beloved. But perhaps the chief influences on=20 writer/director Bernard Rose are Peter Shaffer and Milos=20 Forman, whose film about Mozart was called […]
Prisoners go to court to prevent unauthorised HIV testing, reports Justin Pearce Prisoner Lucas Benny Gae didn’t know he was being tested for HIV. Nor did he know the result of the test until he was told to pack his belongings and move to the A Section of the prison: the single cells which, according […]
Simon Segal THE South African art market is benefitting from the more=20 favourable economic conditions. Stephan Welz & Co’s art auction this week might not have=20 been as exciting as the record-breaking 1993 auction, but=20 it does indicate a firmness in South Africa’s art market.=20 Although some people anticipated that prices would be=20 higher, R2,8-million […]
THERE was a generation that fought a principled fight against apartheid and is easily forgotten in the rush to bury the past. Yusuf Cachalia, a defiance campaign leader of the 1950s and long-time victim of an extremely long and harsh house arrest, died this week, 20 years to the day since the death of Bram […]
The Government of National Unity is faced with a litmus test of its commitment to gender rights: whether to change existing abortion legislation for a “freedom of choice” Bill proposed by pro-choice activists, medical and legal An ad hoc parliamentary committee is considering submissions on abortion from all sectors of the community and the anti-choice […]
A new book, Share Analysis and Company Forecasting: How to=20 Make Money on the JSE by Weekly Mail & Guardian financial=20 journalist Jacques Magliolo aims to demystify the=20 Johannesburg Stock Exchange for the investor and to outline=20 how analysts assess companies. Areas covered include: understanding the JSE; how to read=20 share price pages; outlining shareholders’ […]
The IMF has forecast a drop in South Africa’s growth rate=20 for this year, reports Reg Rumney International Monetary Fund economists have cut their=20 forecast for South Africa’s growth rate for the 1995=20 calendar year by half a percentage point because of=20 drought. This was revealed at a press seminar held in=20 Windhoek by the […]