A Corporate Law Reform Bill is scheduled to be put to the South African Cabinet for approval by September next year, while the drafting process is expected to be completed by the end of this year. It is expected that a single corporate entity will replace distinctions between close corporations and public and private companies.
South African cellular network operator MTN Group on Friday issued a statement in a bid to allay concerns that the public — and in particular its subscribers — might have regarding other cellphone users tapping into their calls. The operator said "it is near impossible" for anyone to eavesdrop on GSM cellular conversations.
Akram Abu Elouf’s leg was blown apart by an Israeli bullet fired from a watch tower alomost a kilometre away as he led his two children upstairs to their home. Doctors patched together his thigh bone with nine metal pins but he needs further extensive surgery in Egypt if he is to walk again.
Old Mutual South Africa has announced the resignation of Sello Moloko, CEO of Old Mutual Asset Managers (Omam) South Africa. He will be replaced by Thabo Dloti, currently executive general manager of Group Schemes at Old Mutual. Sparks said it was with "deep regret" that he had accepted Moloko’s resignation.
The JSE Securities Exchange (JSE) was flat just before noon on Friday after a lacklustre day on which the bourse looked to the rand for direction. Volumes were fairly thin as players paused for breath after the market’s strong run on Thursday, which saw it surge 1,81%.
When Lindsay Bremner, professor of architecture at Wits University, set out to characterise Johannesburg’s top echelon of regeneration managers, including Neil Fraser of the Central Johannesburg Partnership and Johannesburg Development Agency CEO Graeme Reid, she had very little positive to say. But an international conference and new appointments could give Johannesburg new life.
Australian daytime TV tells us that everybody needs good neighbours. ”Naai-burrs,” goes the ditty, ”Ivry-bawdy nades good naaaaaiii-burrs.” And they’re right. Who wouldn’t want to live just a blackjack-infested lawn and splintering picket-fence away from Kylie Minogue? Granted, she was still just Leedle Coily back in her soap days, and not yet an internationally famous rabbit-toothed bottom, but still.
Bulelani Ngcuka arguably blundered by indemnifying French arms dealer, but two secretaries could come to his rescue.
The cost of food, in real terms, has come down to 1999 levels, according to a Food Price Monitoring Committee report released on Friday. ”The general price of items in a shopping trolley has decreased by three percent in the last year,” committee chairperson Johann Kirsten told reporters in Pretoria.
In what is seen as a test case to break the racial mould of South African politics, the Democratic Alliance is putting up a black candidate in a safe municipal seat in the previously arch-conservative Gauteng town of Vanderbijlpark. The by-election in Vanderbijlpark will take place next Wednesday — in a ward won by the DA in the December 2000 general municipal poll with 92% of the vote.