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/ 9 June 2004

Nine thousand homes to come in Gauteng

About 9 000 houses will be transferred to registered beneficiaries in Gauteng by June next year, provincial housing minister Nomvula Mokonyane said on Tuesday. ”The rate at which these transfers are going to take place is a show of commitment by the government to eradicating homelessness,” Mokonyane said.

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/ 9 June 2004

Joaquim Chissano finds his Mini-Me

Mozambican President Joaquim Chissano, who is retiring at the end of the year, says he is leaving the country in safe hands, praising his chosen successor Armando Guebuza as a leader who will build on his legacy. ”We have taken all the precautions and studied the succession issue carefully,” said Chissano.

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/ 9 June 2004

DRC forces take back Bukavu

Government forces in the Democratic Republic of Congo (DRC) took back the eastern provincial capital of Bukavu without a fight on Wednesday, to the jubilation of residents, a week after the regular army was chased out by renegade troops. Residents of Bukavu danced in the streets, banging drums and cooking pots.

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/ 9 June 2004

‘Mercenaries’ to stand trial in Zim

Seventy South Africans being held in Harare on suspicion of plotting a coup d’état in Equatorial Guinea, will have to stand trial in Zimbabwe, the Pretoria High Court ruled on Wednesday. Their advocate said his instructions were to lodge an application for leave to appeal to the Constitutional Court in the event of their Pretoria High Court bid failing.

  • Leon calls for ‘words and action’
  • Mugabe to seize all farm land
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    / 9 June 2004

    KWV in major empowerment deal

    KWV Limited, South Africa’s second-largest wine and spirits producer and exporter, has concluded an agreement with a broad-based black economic empowerment (BEE) consortium in the local wine industry, Phetogo Investments, for Phetogo to make a share purchase offer to acquire a 25,1% stake in the company.

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    / 9 June 2004

    Resources drag JSE down

    The JSE Securities Exchange South Africa (JSE) was mixed in noon trade on Wednesday after a lacklustre morning’s trade. Weakness in heavyweight resources stocks kept the overall index in the red, despite the fact that advancers slightly outpaced decliners.

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    / 9 June 2004

    Interest rate news to come on Thursday

    The South African Reserve Bank’s monetary policy committee (MPC) started at 9am on Wednesday, with a decision on interest rates expected at 3pm on Thursday. The unanimous forecast of economists is that this will be the third consecutive MPC meeting where no change in interest rates is announced.

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    / 9 June 2004

    Summit to address Africa’s satellite development

    The sixth annual African Computing and Telecommunications Summit is building on its strategic relationship with the global association of satellite telecommunications industries, summit organisers said in a statement. This year’s summit, themed <i>Developing Partnerships to Mainstream Africa’s ICT Industry</i>, will be held in September.