A post template

No image available
/ 13 April 2005

Absa offers new debt consolidation product

Absa has launched a new Gold facility option, designed to ease debt consolidation. It is a home loan and cheque account accessed by Absa internet banking, with a single management fee that covers everyday transactions. "The Gold facility has been designed with consumer interests and flexibility in mind," Absa said.

No image available
/ 13 April 2005

Directors warned about BEE non-compliance

Directors who fail to ensure their companies comply with the provisions of broad-based black economic empowerment (BEE) legislation, or fail to take into account the requirements of the legislation, may be in breach of their fiduciary duty and find themselves saddled with a claim for damages from the company, an attorney has warned.

No image available
/ 13 April 2005

Champions League: Chelsea lose but advance

Chelsea advanced to the Champions League semifinals on Tuesday despite losing 3-2 at Bayern Munich. Chelsea conceded two late goals, but still advanced 6-5 on aggregate, having won last week’s first leg 4-2. Frank Lampard, who scored two goals in the first game, put Chelsea ahead before Claudio Pizarro made it 1-1.

No image available
/ 13 April 2005

Malawi prisoners wait 15 years for trial

Close to 800 murder suspects in Malawi have been awaiting trial for a long time, some of them for as long as 15 years, a government body overseeing prisons said in a report on Tuesday. The Malawi Inspectorate of Prisons criticised the government for failing to try 763 suspects, some of whom have been waiting for years, saying it was a ”gross violation of human rights”.

No image available
/ 13 April 2005

Zanu-PF offers olive branch to MDC

Lawmakers from Zimbabwe’s main opposition party took up their seats in Parliament on Tuesday despite their refusal to accept the outcome of elections that they say were rigged by President Robert Mugabe’s party. The group of 41 deputies from the Movement for Democratic Change (MDC) were among 150 lawmakers who were sworn in one by one.

No image available
/ 13 April 2005

‘Two world cups for the price of one’

Francois Pienaar, CEO of the Rugby World Cup 2011 bid committee, said on Tuesday that the South African bid process was well on track. With Japan and New Zealand also vying for the right to hold the rugby showpiece, chairperson of the SA bid committee, Mtobi Tyamzashe, said that it made sense to hold the cup in South Africa.

No image available
/ 13 April 2005

US warns Iraq not to purge Arab soldiers

The United States Defence Secretary, Donald Rumsfeld, delivered a thinly veiled warning to Iraq’s government on Tuesday not to purge the security forces or abuse its power for patronage. On a visit to Baghdad Rumsfeld signalled US disapproval of any attempt to sweep Arab Sunnis and former members of the Ba’ath party from the police and army.