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/ 8 December 2004
A two-day meeting of the South African Reserve Bank’s monetary policy committee started in Pretoria on Wednesday morning with two-thirds of economists surveyed seeing no change in the current 7,5% repo rate, but a third expecting a 50 basis-points cut.
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/ 8 December 2004
Thirty correctional services officials were arrested in KwaZulu-Natal on Wednesday in connection with a R30-million medical aid fraud scam, Scorpions spokesperson Makhosini Nkosi said. The arrests stem from information given to the Jali Commission of inquiry into prison corruption and an investigation which began in 2002.
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/ 8 December 2004
Iraq’s interim president accused Iran on Wednesday of meddling in the Iraqi election process, adding to mounting concerns about the viability of the landmark vote scheduled for January 30. But United States President George Bush once again scotched any notion that the elections might be delayed.
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/ 8 December 2004
Hutu militias have kidnapped at least 15 people in remote villages in the eastern Democratic Republic of Congo in the past four days, demanding ransoms in a growing wave of militia violence, a United Nations spokesperson said on Wednesday.
UN finds Rwandan troops in DRC
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/ 8 December 2004
A draft black economic empowerment (BEE) scorecard for South Africa’s tourism industry was launched in Cape Town on Wednesday. The draft BEE scorecard commits the tourism sector to attaining an overall level of ownership by blacks of tourism enterprises to the tune of 21% by the end of December 2009.
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/ 8 December 2004
GlaxoSmithKline has granted a fourth voluntary licence to a South African generics firm to market its anti-Aids medicines.
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/ 8 December 2004
The JSE Securities Exchange (JSE) on Wednesday got its first foreign listing, following the relaxing of exchange controls announced earlier in 2004, when platinum-miner Aquarius Platinum listed on the bourse. However, by 10.10am Aquarius Platinum’s share on the JSE was untraded, with the share bid at R26.
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/ 8 December 2004
FirstRand Bank Holdings has agreed to the proposed acquisition of 5% of its Namibian subsidiary FNB Namibia Holdings, which has a market capitalisation of N$1,3-billion, by a consortium of black Namibian investors and non-executive directors and staff.
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/ 8 December 2004
Platinum-miner Ridge Mining is investigating the possibility of listing on the JSE Securities Exchange (JSE), following the relaxing of exchange controls, and could list on the bourse in the first half of 2005, Ridge Mining commercial director Francis Johnstone said from London on Wednesday.
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/ 8 December 2004
The JSE Securities Exchange was weaker in noon trade on Wednesday, taking its cue from world markets on which heavyweight resources stocks in particular were under pressure. A softer rand offset the local bourse’s losses. By 11.55am, the all share index was down 0,34%. Resources retreated 0,97% and the gold mining index tumbled 2,21%, while the platinum mining index lost 0,41%.