MALAWI’S inflation rate has shot up to 51,2%, prompting a run on bank interests rates. Charles Chuka, a senior official at the country’s central bank, the Reserve Bank of Malawi, says the inflation rate was prompted by the mid-August fall in the external value of the kwacha which led to increases in fuel prices and […]

LIBERIA must be held accountable for its support of rebel forces in Sierra Leone, Nigeria’s Foreign Minister Ignatius Olisemeka said on Wednesday. He said Nigeria might take the Liberian government to an international court.Speaking to reporters after meeting the United Nations envoy to Sierra Leone, Olisemeka said Liberia “should be held fully accountable” for aiding […]

ZAMBIA’S opposition United Party for National Development has asked President Frederick Chiluba to explain why foreign planes are seen in Zambezi and Solwezi at odd hours. The UPND Lusaka Province chairman Joseph Chilengi said despite United Nations sanctions against Jonas Savimbi and his rebel Unita movement, Unita officials are seen in Zambia. “The truth is […]

OWN CORRESPONDENT, Johannesburg | Thursday 3.30pm. ORLANDO Pirates has fined midfield star John Moeti R500 or he must sit out the rest of the premiership season without salary. Moeti failed to play in a league match two weeks ago. Pirates’s disciplinary committee chief Cyril Kobus said Moeti was fined R20000, but R15000 of the penalty […]

THE Medical University of Southern Africa re-opened on Wednesday, two weeks after closing its doors because students owed over R56,1-million in fees. Medunsa vice chancellor and principal, Professor Thibdi Mokgokong, said on Wednesday that some students have not paid fees for last year, while others fraudulently claim they cannot afford the fees. “These students are […]

SOUTH Africa’s Natalie Grandin qualified for the semifinal of the girls’ singles at the Australian Hardcourt International junior championships in Melbourne on Thursday. Grandin beat Australian Melissa Dowse 7-5, 6-4 in a quarterfinal match. Grandin’s doubles partner and fellow South African Nicole Rencken went down to sixth seed Katherine Basternakova 2-6, 2-6. However, Rencken and […]

THE average hotel room and bed occupancy rates have been increasing since July 1998 with the average hotel room occupancy rate for November 1998 increasing by 2,6% compared with November 1997. Increases were reported in 5 of the 9 provinces. The largest increases were reflected by the Free State Province where room occupancy rose 11,4% […]

ZIMBABWE’S bankers are reacting negatively to new regulations on currency trading. On Wednesday, Zimbabwe Reserve Bank Governor Leonard Tsumba announced that any bank exceeding its foreign exchange limit of US$2-million during the course of trading will have its licence revoked. Bankers say this is a another move to tighten control over foreign currency trading. By […]

THE real value of building plans passed has continued to show a declining trend since the second half of 1996, falling by 11,6% in the first eleven months of 1998, the latest release from Statistics South Africa on Wednesday indicates. The real value of plans fell by R1,8-billion to R13,7-billion compared with the same period […]

OWN CORRESPONDENT, Johannesburg | Thursday 3.30pm. ORLANDO Pirates has fined midfield star John Moeti R500 or he must sit out the rest of the premiership season without salary. Moeti failed to play in a league match two weeks ago. Pirates’s disciplinary committee chief Cyril Kobus said Moeti was fined R20000, but R15000 of the penalty […]