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/ 16 August 2004

Iscor shares at all-time high

South African steel producer Ispat Iscor’s share price on Monday soared to an all-time high ahead of the group’s interim financial results on Wednesday, when it is expected to announce strong results driven by a high global steel price and restocking by local consumers of steel.

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/ 16 August 2004

Unions draw battle lines with Telkom

Fresh from their court victory against Telkom, three trade unions — Solidarity, the South African Communication Union and the Communication Workers Union — on Monday announced the appointment of a commission of inquiry to look at the rationale behind the company’s planned retrenchments.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=120408">Telkom backtracks on retrenchments</a>

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/ 16 August 2004

Resources lead JSE’s ascent

The JSE Securities Exchange (JSE) was in positive territory just before midday on Monday, thanks to strong performances by heavyweight resources stocks. However, the gains came on low volumes with just more than R700-million-worth of shares changing hands.

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/ 16 August 2004

‘Lekker local products’ at Pick ‘n Pay

South African retailer Pick ‘n Pay is set to introduce 200&nbsp;000 new Proudly South African shelf labels into its stores as a way of helping consumers keen to contribute to the local economy identify those products. Unveiling its initiative on Monday, Pick ‘n Pay said its pilot project will encompass 37 of its Gauteng stores.

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/ 16 August 2004

Zimbabwe to ‘drop the N from NGOs’

Civic and non-governmental groups in Zimbabwe have vowed to fight a tough new law proposed by the government, which could see them de-registered and cut off from much-needed foreign funding. The proposed Non-Governmental Organisation Bill seeks to tighten regulations around NGOs in the crisis-hit Zimbabwe, whom President Robert Mugabe’s ruling party is accusing of being embroiled in politics aimed at overthrowing his government.