Zimbabwe President Robert Mugabe’s government will this week meet Russian energy officials in Harare to discuss investment in the power sector by the East European country, barely a month after concluding a $1,3-billion electricity-generation deal with China. Officials from Russia’s TurboEngineering firm were expected to arrive in Harare on Monday night.
With the rand likely to be under pressure and interest rates set to climb, where should you be investing your money? A natural reaction would be to invest in shares that benefit from this environment, such as rand hedge stocks.
More than 300 people have been killed by a tsunami that smashed into the southern coast of Indonesia’s Java island following an undersea earthquake. About 150 people were also missing after Monday’s huge waves crashed into the coast, washing away buildings, wooden cottages and kiosks lining the shoreline facing the Indian Ocean.
A joint statement issued on Monday by European foreign ministers, agreed after hours of tortuous negotiation, exposed what has become increasingly clear in recent days: the West is paralysed over how to deal with the Israeli-Lebanese conflict.
Striking medical interns in Zimbabwe have defied a directive to return to work while their grievances are being examined, Harare’s Herald newspaper reported on Tuesday. Junior doctors had vowed to return only if authorities met their demands that included a 700% pay increase.
Western leaders remained paralysed on Monday as Lebanon suffered one of its bloodiest days since Israel began its bombardment a week ago. For the second time in 48 hours Western governments declined to intervene as Israeli forces, on the sixth day of aerial attacks, killed 47 people and wounded at least 53.
The Web need not be a suffocating overdose of information, Buff Thokoa discovered when he went on the hunt for media innovation. He tells us all about lonely fingers, online adventures and citizen journalism.
Definition: A Universal South African greeting understood by all, including Harry Herber.
Matthew Buckland tells us why media bosses should ditch their internet paranoia and start cashing in.
<intro blurb> Oscar winning movies Capote and Brokeback Mountain began as stories in <i>The New Yorker</i>. Local editors and brand managers would do well to look at what has made – and kept – this magazine an icon in publishing and an enduring international brand, writes Thomas Oosthuizen. <intro blurb ends>