Only weeks after warning that Zimbabwean inflation had topped 1 000%, the Imara financial-services group has now alerted investors to the fact that the figure is fast approaching 2 000%. John Legat, Harare-based CEO of Imara Asset Management, gave the 1 000% alert in mid-April, with official confirmation coming by the end of the month.
Palestinian leader Mahmoud Abbas gave Fatah and Hamas a deadline on Thursday to end their deadly rivalry or else he would call a referendum, which could lead to a new national-unity government. Abbas’s shock announcement came on the first day of cross-party talks aimed at drawing a line under divisions between his Fatah movement and the Islamists of Hamas.
Independent Democrats leader Patricia de Lille has come out firing against the Democratic Alliance over what she describes as its "hypocrisy", by entering into coalitions with its arch-rival African National Congress in towns "all over the Western Cape". De Lille has been sparring with the DA after it accused her of lying.
Robert Pires is leaving Champions League finalists Arsenal for a two-year deal with Spanish side Villarreal, the French winger confirmed on Thursday. ”After six wonderful years at Arsenal, full of fantastic moments, I have decided to accept a new challenge at Villarreal for the next two years of my career,” the 32-year-old said on the English Premiership side’s website.
Recent global events, including high costs of imported oil, have necessitated a review of South Africa’s planned liberalisation of the petroleum sector, outgoing Minister of Minerals and Energy Lindiwe Hendricks said on Thursday. The minister said that the impact of the increases could result in the slowing down of global economic growth.
The government of Zimbabwe’s President Robert Mugabe said it would ”descend” on schools in the country that hiked fees without permission from the authorities, it was reported on Thursday. The threat appears to be directed mainly at private schools, which are often run by trusts in Zimbabwe.
The Organisation of the Petroleum Exporting Countries (Opec) has invited Sudan to join the powerful oil-industry cartel, the official Suna news agency reported on Thursday. Nigerian President Olusegun Obasanjo extended the invitation in a message delivered on Wednesday to Sudanese President Omar al-Beshir, the agency said.
While the public service has done much in forming legislative and regulatory frameworks and policies, it needs to put this into practice, the Public Service Commission said on Thursday. Releasing the fifth annual state of the public service report, Professor Stan Sangweni said it focused on the capacity of the public service to deliver on its programmes.
Blood-spattered bullet cases, boots and communication radios lay scattered on the street outside the justice ministry in Dili, East Timor on Thursday as the East Timorese capital descended into chaos. In the latest violence of days of clashes, 20 rapid-reaction police came under attack by rampaging rebel soldiers early on Thursday.
Minister of Labour Membathisi Mdladlana was considering resuming public wage negotiations in the troubled security sector, provided no harm came to officials, the Department of Labour said on Thursday. ”I am tempted to allow my officials to go ahead with the hearings in line with the Basic Conditions of Employment Act,” Mdladlana said from Cape Town.