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/ 3 December 2007

Savings for energy customers

Eskom’s residential customers might soon be charged according to the time of day, if a new electricity tariff is implemented. The new tariff will make electricity more expensive from 7am to 10am and from 6pm to 8pm and cheaper outside these periods. Time-of-use tariffs encourage customers to switch consumption to off-peak periods and reduce demand at peak times, reducing the likelihood of a power outage.

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/ 3 December 2007

‘Jail time is the best disincentive’

The head of the Competition Commission says he believes that anti-competitive practices are rife in South African business and need to be dealt with. The Competition Commission has hit the headlines in the past few weeks with its investigation into the fixing of bread prices. Commissioner Shan Ramburuth says for the first time there is a public perception that price fixing is not a victimless crime.

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/ 3 December 2007

Recession fears as US house prices drop

United States house prices have suffered their worst plunge for two decades as defaults on sub-prime mortgages have shattered homebuyers’ confidence and lenders have withdrawn cheap loan deals. According to the key Standard & Poor’s housing index, released on Tuesday, third-quarter US prices were down 4,5% on 2006.

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/ 3 December 2007

Development needs new agenda

A significant amount of resources has been channelled into Africa since the Millennium Development Goals were adopted in 2001. Between 2000 and 2005 an estimated $97-billion has reached the continent through official development assistance. African governments themselves have set aside various percentages of their budgets for expenditure in priority sectors to effect positive change in the lives of the poor.

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/ 3 December 2007

BEE’s bid for the news

The bid by Koni Media to buy Avusa, formerly Johncom, has highlighted a long-time BEE fascination with newspapers. From a business point of view, there are other lucrative and less troublesome areas for investment and BEE investors need cash flow to pay back the money they have raised, writes Reg Rumney.

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/ 3 December 2007

Using Winfrey’s wiles

She can sell books — but can she sell a politician? Barack Obama confirmed recently that Oprah Winfrey will join him in his campaign in three key states next month for the Democratic Party’s nomination for the United States presidential election. The Obama team anticipates a huge demand for tickets for one of the US’s most popular television celebrities.

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/ 3 December 2007

Poor oversight fuelling Aids?

A report by the Institute for Security Studies and Transparency International Zimbabwe claims that corruption and poor management are hampering the fight against HIV/Aids. The report, which will be launched on December 12, explores why the massive increase in South Africa’s HIV/Aids funding on a national level has had so little effect in halting the pandemic.

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/ 3 December 2007

A soldier for love

When a soldier moves on from our realm to the next, the platoons go silent. A sense of disbelief hovers, but we dare not lose focus on the mission. Prayers and faith are paramount in the arsenal. A hip-hop soldier blessed with intellect, armed with a razor sharp tongue and a microphone, Mr Fat carved his imprint in the hearts of many.

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/ 3 December 2007

Saudis spending like there’s no tomorrow

As the tiny ball of burning crimson drops behind the sand dunes it leaves a dark, almost silent landscape worthy of its name: Rub’ al-Khali, the Empty Quarter. No sooner has the sun gone down than a long necklace of golden lights flickers on in the valley below and the improbable sound of an Islamic preacher can be heard calling the faithful to prayer.

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/ 3 December 2007

MDC needs to be ‘reborn’

It has taken the Movement for Democratic Change eight years to go from a being potent symbol of change to an organisation torn apart by divisive, childish rivalries and personality cults. And as the situation deteriorates, the party’s fractious and self-important leadership may irrevocably turn the once vibrant party into an empty shell, its once inspiring name and slogans into bywords for indecision and ineptitude.