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/ 9 November 2004
The sale of Thintana’s remaining 15,1% in Telkom to an elite, government-aligned consortium is an example of an opportunity lost for broad-based empowerment and an unusually unfortunate example of crony capitalism, says shadow communications minister Dene Smuts.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&a=12&o=141486">Telkom welcomes BEE partner</a>
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/ 9 November 2004
Minister of Finance Trevor Manuel took aim on Tuesday at excessive fees charged by insurance companies administering retirement funds. Manuel said while the taxation of pension funds remains "an ongoing concern", this is also true for fees charged.
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/ 9 November 2004
World number-six gold miner Harmony Gold on Tuesday said it believes that rival Gold Fields’ directors have mismanaged their South African assets and their performance has been sub-standard to Harmony’s operations for several years.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Business&a=12&o=141499">Panel ruling a setback for Gold Fields</a>
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/ 9 November 2004
Low admission requirements were undermining the reputation of South African Masters in Business Administration (MBA) degrees, the Council on Higher Education has found. ”Unless programmes take admissions seriously… the standing of the MBA as a master’s degree will be jeopardised in the market,” it says in a special report on the state of MBA provision released on Tuesday.
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/ 9 November 2004
While most South Africans agree that black economic empowerment (BEE) is necessary to uplift standard and correct the wrongs of the past, there is a strong feeling that it has benefited only a select few, a survey has found. The survey shows that 70% of the sample felt that BEE has enriched only a select few.
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/ 9 November 2004
Telkom, South Africa’s partially privatised fixed-line telephone company, will announce its proposed tariffs for next year on Monday, says Telkom CEO Sizwe Nxasana. "With inflation being where it is, we can expect Telkom’s tariffs to be even much lower [sic]," Nxasana told the National Assembly communications portfolio committee on Tuesday.
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/ 9 November 2004
Italian prosecutors are hoping that a former South African police officer now in a psychiatric clinic may be able to testify in Italy at alleged Mafioso Vito Palazzolo’s trial in absentia. The police officer, Abraham Smith, broke down last week when he took the stand.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=125190">Count Agusta link probed</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=125163">Failed bid to charge Palazzolo</a>
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/ 9 November 2004
A traditional surgeon who allegedly performed an illegal circumcision on a 48-year-old man is to be prosecuted, the Eastern Cape health department said on Tuesday. Kupelo said the circumcision season has just started, with more than 30 boys in the Port Elizabeth area queuing for pre-circumcision medical tests on Tuesday.
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/ 9 November 2004
South African President Thabo Mbeki was on Tuesday to meet his Côte d’Ivoire counterpart Laurent Gbagbo, hoping to ease tensions after a weekend of violence that has evoked fears of a return to the conflict that has split the West African state for two years.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-Africa&ao=125194">Mbeki flies to restive Côte d’Ivoire</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-Africa&ao=125187">500 wounded in Abidjan unrest</a>