South African institutions and stockbrokers say * ocal trading is too small to suffer a Barings Bank-style collapse, reports Jacques Magliolo The collapse of Britain’s 300-year-old Barings Bank has reverberated around the world and forced local institutions and stockbrokers to reassess their own security systems and prevention mechanisms. The announcement that Nick Leeson, a Singapore-based […]
Tales of incompetence emerged during the trial of the 26 rightwingers who allegedly went on a bombing spree on the eve of the April elections, reports Gavin du THE rightwing bombing campaign on the eve of South Africa’s first non-racial election, in which at least 20 people were killed, proved to be as vicious as […]
Eastern Cape Premier Raymond Mhlaba sent an uncompromising signal to civil servants throughout the country last weekend, reports Steuart Wright THE quelling of a police strike in Transkei at the weekend is the first decisive step the government has taken to bring the troubled former homeland to heel. The siege of Umtata by about 200 […]
LAST-MINUTE changes have been made to the Spanish and Egyptian film festival timetables as published in this week’s Weekly Mail & Guardian guide to the Johannesburg In Johannesburg, on Friday March 10 at 10pm, Hurry Hurry will be screened in place of Ecstasy, which will be shown on Saturday March 11 at 10pm. In Cape […]
Bulelwa Payi in Grahamstown IT’S back to square one for Rhodes University in its search for a vice-chancellor. When the university council met on Thursday, it was to be asked to reconstitute the selection process for the vice- chancellor, said a source who asked not to be named. A senate meeting held on Wednesday “unanimously” […]
Lewis Machipisa in Harare Zimbabwe’s four-year-old economic structural adjustment programme (Esap) has failed to meet its key targets, despite strides to implement the austere measures, says a report by a leading Zimbabwean bank. According to the strategic planning division of Standard Chartered Bank, the government has not been able to check its extravagant spending, money […]
THREE cheers for Frene Ginwala, speaker of the National Assembly, for apologising for the role of her predecessors, now colleagues in the government of national unity, in devastating neighbouring Mozambique. She said what had to be said, and she did it with appropriate dignity and forthrightness. It is unusual for a speaker of parliament to […]
Mapula Sibanda A ONE-MAN strike by a University of the North (Turf- loop) academic has plunged the university’s optometry faculty into a crisis. Deputy dean Sipho Ndlela, who has worked in the department for 21 years, was suspended in the middle of January after refusing to mark 1994 third and final year examination papers. His […]
Sugar cane fields are at the centre of a conflict involving a Natal community which says it has been left out of the land-restitution process. Weekly Mail THE electricity poles disappear on the road to Ezimwini just before the tarred road turns to dust, but sugar cane cloaks the surrounding hills almost to the first […]
The property market has turned, but it has not yet gathered momentum. Reg Rumney reports The property market is at long last showing signs of a sharp revival. Boland Bank’s latest Economic Review notes that both the value and volume of property market transactions have been accelerating gradually for around 12 months. The reason is […]