South African brewer SABMiller said on Thursday that it will not proceed with its voluntary offer of HK$4,30 for shares in China’s Harbin Brewery and that it will accept the offer of HK$5,58 that Anheuser-Busch announced it will be making for shares in Harbin.
President Joseph Kabila accused neighbouring Rwanda of being behind the renegade soldiers who on Wednesday captured a provincial capital in the volatile east of the Democratic Republic of Congo (DRC). Bukavu, the capital of Sud-Kivu province, fell to renegade troops led by two generals from the Congolese Rally for Democracy (RCD), a former Rwandan-backed rebel group that is now represented in the transitional government in Kinshasa under the terms of a 2003 peace deal.
Hundreds of schools have sprung up in Zimbabwe’s former white farmlands but many of the black children they are meant to educate are not turning up at classes. At the Laforte school in Chegutu, located about 140km west of Harare, three quarters of the 116 children have not paid the fees imposed by the government to cover education costs.
South African house prices increased by 24,3% year-on-year in May 2004 from a revised record 24,5% y/y in April 2004. This was the sixth consecutive month that house prices have risen by more than 20% y/y, according to South African commercial bank Absa’s monthly house price index released on Thursday.
One of the most significant MPV additions to the South African market is the Mercedes Vito range, which is directed both at the commercial sector and the family/leisure market. Malcolm Kinsey found it very suitable for those enthusiasts who need lots of carrying capacity for their outdoor pursuits.
First came Mazda with their "Zoom Zoom" philosophy. Now Renault has released a limited edition Clio called the "Va Va Voom". Is this a sign of a general dumbing down in the car marketing game, asks Gavin Foster?
Parliamentarians from 11 countries in the Southern African Development Community (SADC) have expressed concern at the lack of progress in establishing a regional Parliament. This came during a meeting of the SADC parliamentary forum currently under way in the Namibian capital, Windhoek.
Kawasaki South Africa has received stock of the biggest V-twin motorcycle ever built. The recently launched VN2000 has already proven so popular in Harley Davidson’s homeland that an American magazine <i>Cruising Rider</i> has decreed it their 2004 Bike of the Year.
The least attentive political observer could have predicted that the report by Public Protector Lawrence Mushwana on whether National Director of Public Prosecutions Bulelani Ngcuka abused his power while investigating Deputy President Jacob Zuma would arouse controversy. But no one envisaged the orgy of public mud-slinging that would follow the report’s publication.
Vodacom put principle above profit when it announced its sudden withdrawal from the Nigeria cellular market this week, just two months after signing a management agreement with Econet Wireless Nigeria (EWN), which changed its name to Vee Networks in April.