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/ 17 March 2005

Minister can decide on Barclays, Absa

Minister of Finance Trevor Manuel has the authority to take a decision on the Barclays bid to buy a majority share in Absa — but he may wish to put the matter to Cabinet before the announcement is made, said government spokesperson Joel Netshitenzhe on Thursday following Wednesday’s Cabinet meeting.

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/ 17 March 2005

Randburg meningitis case confirmed

It was confirmed on Thursday that a 16-year-old pupil of Randburg High School is suffering from meningococcal meningitis. A spokesperson for Wilgeheuwel hospital, Marietjie Shelly, said Dominique du Plessis is in a stable condition in the intensive-care unit. ”There has been improvement since yesterday,” said Shelly.

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/ 17 March 2005

SA officials liaise on US arms arrest

South Africa’s police and Department of Foreign Affairs officials are liaising on the reported arrest of a South African in New York on weapons-smuggling charges, police said on Thursday. According to reports, Christiaan Dewet Spies was arrested with at least 17 others in an FBI operation at a hotel in Manhattan, New York, earlier this week.

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/ 17 March 2005

Brent oil price hits record high

The price of Brent North Sea crude oil reached a new record high of ,25 per barrel in trading in London on Thursday amid concerns of a supply crunch, despite the Organisation of Petroleum Exporting Countries’s move to hike output. New York’s main contract, light sweet crude for delivery in April, hit a record ,70 in electronic deals on Thursday.

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/ 17 March 2005

Risk of armed conflict over Nile water

Water, say some experts, is a much more likely reason for countries to go to war than oil, and in the largely arid countries along the river Nile in northeastern Africa, the lack of water risks bringing neighbours dangerously close to armed conflict. Egypt is the greatest user of the Nile waters and has been able to irrigate large parts of land to feed its people.