No image available
/ 26 January 2007
The market pundits are again debating whether there will be another interest-rate hike next month. After a practically unanimous view last year that a further rate hike was likely to follow December’s 50-basis points increase, new data, combined with a lower oil price and a reasonably strong rand, has some economists reviewing their positions.
No image available
/ 26 January 2007
The market pundits are again debating whether there will be another interest-rate hike next month. After a practically unanimous view last year that a further rate hike was likely to follow December’s 50-basis points increase, new data, combined with a lower oil price and a reasonably strong rand, has some economists reviewing their positions.
No image available
/ 26 January 2007
By the end of the year, the market can expect a leaner, sleeker and –hopefully — considerably blacker Barloworld. The group — under attack from its largest shareholder — announced extensive unbundling, a new empowerment partner, a new interim chairperson, and its first black executive director at its annual general meeting.
No image available
/ 26 January 2007
The construction boom in South Africa is to receive a prop from an unlikely quarter: Zimbabwe. The demand for cement continues to outstrip supply in South Africa because of private developers and public works programmes — including construction of new stadiums for the 2010 World Cup.
No image available
/ 26 January 2007
This week, African leaders will choose a new chairperson of the African Union for 2007. There is significant pressure from some quarters to elect Sudanese President Omar al-Bashir, a leader who stands accused of genocide. While the AU has officially embraced democracy and condemns violent transfers of power, its leadership selection process remains mired in old-guard rules.
No image available
/ 26 January 2007
Authorities in South Africa and Botswana deported more than 140 000 Zimbabweans in 2006, a Herald newspaper report in Zimbabwe on Friday quoted police records as saying. A total of 109 532 Zimbabweans were deported from South Africa in 2006, according to the records. That represents 300 people a day.
No image available
/ 26 January 2007
Former African National Congress chief whip Tony Yengeni was thrust into the spotlight again this week after reports that he stabbed a bull with his family’s spear before it was ceremonially slaughtered. Three Mail & Guardian journalists give their views on the matter.
No image available
/ 26 January 2007
Senior legal advisers this week said the Green Point ratepayers’ association bid to stop construction of the controversial R3,7-billion 68 000-seater Green Point stadium is based on strong arguments and could succeed, in part because the city has failed to submit several independent reports to the public for evaluation.
No image available
/ 26 January 2007
One million underprivileged school children in the Eastern Cape, who should be benefiting from the School Nutrition Programme, are now at the mercy of the provincial department of education, which has temporarily suspended the programme amid allegations of R100-million in irregular tender awards.
No image available
/ 26 January 2007
South Africa is protesting to the governments of the United States, Britain and the United Arab Emirates — among others — which have refused entry to South African citizens with valid visas. It has also stepped in to put a hold on the listing of two South Africans, Farhad and Junaid Dockrat, on a United Nations Security Council watchlist that would effectively freeze assets they have abroad and block any foreign travel by them.