South Africa’s Sasol, the world’s top coal-to-liquids maker, will hedge 45 000 barrels of oil per day (bpd) or 30% of its synthetic fuels production for its 2008 financial year. Under the hedge, Sasol has a floor price of ,40 per barrel, based on monthly average dated Brent crude oil prices.
It’s triple play Telkom. South Africa’s telecoms operator may have become synonymous with excessive pricing for broadband and voice services, but the fixed-line monoÂpoly has plans to become a one-stop news, communication and entertainment shop. Soon you will be able to turn to Telkom for all your sporting, movie, music, news, communication and entertainment needs.
His name doesn’t appear on any ballots, but when Britain’s voters go to the polls on Thursday, Prime Minister Tony Blair will be facing the electorate for the last time. Many see the local elections as a final popular verdict on Blair’s premiership, which is expected to end in the coming weeks.
While South Africa’s trade deficit widened further in March, there are continuing signs of improved export performance, analysts said on Monday. According to the South African Revenue Service on Monday, South Africa’s trade deficit widened by a further R2,75-billion in March, similar to February’s deficit of R2,66-billion.
A day after one of the most travelled sections of freeway in the San Francisco Bay area melted and collapsed following a fiery crash, residents on Monday began what could be their worst commute in almost two decades. ”I’ve never seen anything like it,” said officer Trent Cross, of the California Highway Patrol.
The Zimbabwe Congress of Trade Unions says it was forced to cancel May Day celebrations in four provinces after militant supporters of President Robert Mugabe’s ruling Zanu-PF party allegedly threatened to murder union officials if the celebrations went ahead.
A stretch of vital highway for San Francisco Bay-area commuters collapsed on Sunday after a gas tanker truck crashed and ignited flames that shot more than 60m high, officials said. Flames on a lower ramp melted the upper deck of a highway on the Oakland/Emeryville side leading to the double-decker Bay Bridge.
On Sunday France delivered confirmation, for most political pundits, of a popular shift to the right. Nicolas Sarkozy, the conservative candidate, emerged comfortably ahead of the Socialist Ségolène Royal, and the total vote of the right in the first round of the presidential election outweighed that of the left.
The Congress of South African Trade Unions (Cosatu) intends to grasp the opportunity that the ANC’s policy and national conferences provide to campaign for a programme that will advance the cause of the workers and the poor. We will judge the ANC’s 13 draft policy documents by the degree to which they promise real improvements in the lives of the majority, writes Zwelinzima Vavi.
Ace Magashule, the Free State African National Congress (ANC) chairperson, has made a scathing attack at a regional conference on supporters from the Thabo Mofutsanyane district in the eastern part of the province, the South African Broadcasting Corporation reported on Saturday.