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/ 30 August 2006

Treasury requests Green Point costs be slashed

The National Treasury has asked the city of Cape Town to slash the estimated R3,3-billion cost of the Green Point stadium for the Soccer World Cup by 40%, city mayor Helen Zille said on Wednesday. ”This is obviously a tall order, because we are convinced that the costings of the conceptual design are accurate,” she told a meeting of the city council.

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/ 30 August 2006

Flu forces Mbeki to take a break

National Assembly questions to South African President Thabo Mbeki have been postponed because the head of state has influenza and has been told by a military doctor ”to rest”, the Director General in the Presidency, Frank Chikane, reported to members of the media at Parliament. The questions were to have been put to the president on Wednesday afternoon.

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/ 30 August 2006

Supply side pressures weigh heavily on rates

South Africa’s worse-than-expected consumer inflation data released shortly after the Reserve Bank released equally bad private sector credit extension data on Wednesday has increased expectations of more rate hikes. Inflation has been rising over the second and third quarters of 2006, a development which has prompted the Reserve Bank to become far more hawkish regarding interest rate policy.

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/ 30 August 2006

Nigeria cracks down on suspected militants

Nigeria’s state security service arrested 15 persons suspected of terrorising the oil-rich but volatile Niger Delta region, the News Agency of Nigeria reported on Wednesday. State Security Service spokesperson Ado Mu’azu was quoted as saying the suspects were arrested following President Olusegun Obasanjo’s directive to hunt down militants.

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/ 30 August 2006

Uganda: Safe routes for rebels not finalised

Uganda’s army by Wednesday had not chosen the safe routes northern rebels are supposed to take from the bush to camps in southern Sudan as part of a truce that may mark the end of one of Africa’s longest wars. The delay in announcing the routes should not deter Lord’s Resistance Army guerrillas in the north from setting off on foot, a government spokesperson said.

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/ 30 August 2006

Eritrea accuses UN of smuggling people

Eritrean police have arrested several United Nations peacekeepers who allegedly were trying to smuggle people out of Eritrea, the information ministry said. An unspecified number of staff from the UN’s Mission in Ethiopia and Eritrea were seized as they tried to cross into arch-rival Ethiopia, said Tuesday’s statement on the Eritrean information ministry website.