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/ 20 February 2008
Zimbabwe’s annual inflation vaulted to 100Â 580,2% in January to set a new world record, but it is still unlikely to cause sleepless nights to President Robert Mugabe’s government facing elections in about five weeks’ time. The jump in inflation is alarming even in the context of Zimbabwe’s extraordinarily collapsing economy.
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/ 20 February 2008
As a rookie reporter in the Seventies, I snapped some shots of pollution billowing out of the Modderfontein dynamite factory. A security guard gave me a blast and whipped me off to HQ where my film was confiscated. Invited soon after to a ”watch your step, son” lunch, AECI management told me: ”We’ve developed your pictures — they weren’t very good anyway.”
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/ 20 February 2008
Overwhelmingly positive or mediocre? Economists on Wednesday had a variety of impressions to share of Finance Minister Trevor Manuel’s national budget, tabled in Parliament earlier in the day. Colen Garrow, economist at Brait, said: "There was nothing in it for the embattled consumer."
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/ 20 February 2008
The Soccer City Stadium is 50% complete and will be finished in May next year, five months ahead of the Fifa deadline, Gauteng Sports, Arts, Culture and Recreation minister Barbara Creecy said on Wednesday. An independent state of readiness audit had shown that the province was ”firmly on track” to meet its commitments for the 2010 Fifa World Cup.
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/ 20 February 2008
Charges were withdrawn against 43 University of Johannesburg students who appeared in the Johannesburg Magistrate’s Court on Wednesday for public violence during protests last year. The students were arrested following protests against an increase in tuition fees.
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/ 20 February 2008
Keeping prices down had to remain the key objective of monetary policy, Finance Minister Trevor Manuel said in his budget speech on Wednesday. ”A policy stance that accommodates higher inflation cannot be consistent with a government that is intent on reducing poverty,” he said.
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/ 20 February 2008
Springbok rugby captain John Smit will remain at the helm of the side until the end of the year, coach Peter de Villiers announced on Wednesday, as political mudslinging continued with the Freedom Front Plus condemning the reaction of African National Congress MPs to former Springbok captains calling for an end to political interference in the sport.
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/ 20 February 2008
Finance Minister Trevor Manuel played his cards close to his chest on Wednesday when questioned about his future during a media conference before his delivery of the national budget in Parliament. "I have said in the past that I serve. I can’t say what will happen," he said.
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/ 20 February 2008
Finance Minister Trevor Manuel, while delivering his national budget speech in Parliament on Wednesday, made a point of replying to a number of South Africans who had sent budgetary suggestions to him under the "Tips for Trevor" programme.
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/ 20 February 2008
Landowners who opt to preserve habitats and biodiversity on their land are set to receive an income-tax deduction for their efforts, according to the Budget Review tabled by Finance Minister Trevor Manuel on Wednesday. Meanwhile, 726 trees, almost 37 tonnes of paper, were used for the paperwork and the documents of the national budget.