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No plane, no gain?
/ 9 December 2004

No plane, no gain?

South Africa will sign a deal for a fleet of new military aircraft worth R8-billion before Christmas. The Department of Transport released a press statement on Thursday afternoon confirming the deal, after the Mail & Guardian had already gone to print with its report on the acquisition.

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/ 9 December 2004

Militants survive Gaza Strip air strike

The wanted leader of a Palestinian militant group and two of his lieutenants survived an Israeli assassination bid on Thursday after an air strike targeted their vehicle in the southern Gaza Strip. An unmanned plane fired a rocket at the white-coloured vehicle that was carrying three members of the militant Popular Resistance Committees.

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/ 9 December 2004

‘The SAPS should not guard doors’

The South African Police Service (SAPS) and the South African Security Association both came out in defence on Thursday of the SAPS’s decision to employ private security companies for guard duties at police premises. ”It is much cheaper and cost-effective to utilise private security services,” said SAPS communications head Joseph Ngobeni.

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/ 9 December 2004

Would-be hitman sentenced to 10 years

Abdullah Brenner, a hitman in the plot to assassinate Cape Town regional magistrate Wilma van der Merwe, was jailed on Thursday for 10 years. His co-accused Ashraf Lee, who unwittingly became involved in the conspiracy, was given a two-year sentence suspended conditionally for four years on a firearm charge.

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/ 9 December 2004

Harmony bid ‘bad for BEE’

The bid by Harmony for Gold Fields is not good for an empowerment company like Mvelaphanda Resources, Mvela chairperson Tokyo Sexwale said on Thursday. "The biggest losers are black people, black economic empowerment [BEE] players … because we don’t have the kind of chequebooks that old institutional investors have," he said.

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/ 9 December 2004

Non-nuclear Koeberg: 105m tonnes coal needed

If the power station at Koeberg in the Western Cape were coal-fired and not nuclear, it would have needed to burn more than 105-million tonnes of the black stuff over the past two decades to equal the power it has produced from just 621 tonnes of uranium, says Minister of Minerals and Energy Phumzile Mlambo-Ngcuka.

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/ 9 December 2004

Mboweni: SA’s inflation outlook remains positive

South Africa’s inflation outlook generally remains positive, but there are certain developments that will have to be monitored closely by the monetary policy committee to ensure that inflation remains within the target range, South African Reserve Bank Governor Tito Mboweni said on Thursday.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-Business&ao=176320">No change in interest rates</a>