South African company directors spend more time on board matters than their global counterparts, according to results of a survey released on Friday. ”At an average of 20 hours per month, South African directors devote 17% more time to their efforts than the global average…” said Korn/Ferry International, a management consultancy which released the results.
The South African Department of Health has awarded contracts for the supply of antiretroviral (ARV) drugs for the treatment of HIV/Aids to public health facilities countrywide to seven different pharmaceutical companies. The R3,4-billion tender has been awarded to local group Aspen Pharmacare, as well as Bristol-Myers Squibb, Ingelheim Pharmaceuticals, Abbot, Merck Sharp & Dome and GlaxoSmithKline.
The Commission for Conciliation, Mediation and Arbitration (CCMA) will intervene in the truck drivers’ strike, the Road Freight Employers’ Association (RFEA) said on Friday. ”… the CCMA has contacted the RFEA and the five unions involved about a meeting this afternoon [Friday] following a deadlock in negotiations yesterday afternoon,” said Nico Badenhorst, chief executive of the RFEA.
Kenyan Justice Minister Kiraitu Murungi has urged Britain to formally apologise for the brutality it committed against the country’s independence fighters, Mau Mau, during the colonial period. Murungi was speaking on Thursday during the launch of a book, Britain’s Gulag: The brutal end of empire in Kenya, by Caroline Elkins of Harvard University.
All Blacks flyhalf Carlos Spencer scored one try and set-up another on Friday to lift the Auckland Blues to an 18-15 win over the Queensland Reds in a Super 12 rugby match at Eden Park. The Reds, who hadn’t beaten the Blues at Auckland in the competition’s 10-year history, led against the run of play within 10 minutes of fulltime before Spencer turned the match.
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The law treats guilt like pregnancy — in court you can’t be half guilty. But life is more complicated, making for a poor fit when the messy compromises of existence are dragged under legal scrutiny. When the Sunday Times previewed corruption-accused Schabir Shaik’s entry to the witness box, the paper speculated on which Shaik would emerge.
The South African Communist Party expects greater sacrifices from white farmers than from any other sector to help alleviate poverty in rural areas, farmer’s union Agri SA said on Thursday. This followed a meeting between the two groups in Pretoria on Wednesday.
The recent appointment of Lazarus Zim as CEO of Anglo American South Africa and the subsequent reshuffling of reporting lines have rightly raised questions about his overall influence and responsibility. It also makes one wonder if white executives now see the globe as their new playground. Another question raised was why was Zim not offered a seat on Anglo’s newly-created executive board?
The JSE Securities Exchange rallied to yet another record high on Friday, boosted by a weaker rand. Lack of sellers further helped the local bourse. By 12.02pm, the all share index advanced 0,43% to 13 598,83 after earlier trading at a best ever 13 626,86. Industrials were up 0,22%.
The story so far: her hull holed by an iceberg, the ferry begins to sink. Todd and Janet declare their true feelings. DeShawn commits a faux pas when talk turns to prosthetic limbs and the Battle of Midway. The second instalment of the three-part sporting <i>Dictionary of Received Ideas</i> is presented, and the engine room floods.