If banks cannot identify their clients before June 30 they have until the end of the week to apply for an extension, the Financial Intelligence Centre said on Wednesday. Banks can petition finance minister Trevor Manuel for an exemption in terms of the Financial Intelligence Centre Act.
New IMF boss Rodrigo Rato said on Tuesday surging oil prices, which hit a fresh 1990 closing high minutes after he spoke, are disrupting financial markets. Rato, the incoming managing director of the International Monetary Fund, welcomed a call by Saudi Arabia for Opec to boost output by 1,5-million barrels per day.
Like many Americans, Reverend David Byrum has been struggling to reconcile the abuse of Iraqi prisoners by American soldiers with his notion of what it is to be an American. ”I always took comfort in the fact that my country didn’t commit the types of atrocities that some others have,” he said. ”This hurts.”
Sony showed off a new portable video game device on Tuesday that promises very high-quality graphics, a challenge to market leader Nintendo. Nintendo’s GameBoy Advance has essentially cornered the handheld market since its debut in 2001. The company has faced down other portable-game rivals without ceding much of its base — but it has never gone against a competitor as formidable as Sony.
Banco Austral, the Mozambican bank within the Absa Group, has announced solid growth in earnings for the year ended March 31 2004, the second consecutive year since Absa acquired it that the Mozambican bank has shown positive growth. The strong performance is attributed to a focus on the core capabilities of the bank.
Namibia’s President Sam Nujoma turns 75 on Wednesday, moving closer to retirement from public life after five decades as the southern African country’s dominant political figure. The former liberation hero announced last month that he would not be seeking a fourth term in office in elections to be held in November and will hand over the reins of power when his term ends in March 2005.
According to the first national HIV prevalence study among South African children, conducted by the Human Sciences Research Council, it appears that children run a much greater risk of contracting HIV-Aids than previously thought. The study shows that prevalence among children in the two to nine age group was 6,7%, higher than previously expected.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=66196">Bid to stem Aids deaths</a>
”It’s hard not to get excited about the explosion in cellular telephony. Africa is now the world’s fastest-growing region for mobile telecoms. Thus crowed the industry’s cocks in front of the crowds at an international conference in Cairo last week. Yes, but…” Guy Berger takes a closer look at Africa’s mobile miracle.
An investigation will be launched into the shooting of three policemen and four awaiting trialists at the Randburg Magistrate’s Court on Tuesday, Johannesburg police said. ”For sure, we will launch a full scale investigation into the matter,” Superintendent Chris Wilken told reporters at the scene of the shootout.
The latest computer worm has wreaked havoc in provincial government departments in Bisho, the government confirmed on Tuesday. The departments have apparently been unable to pay accounts and service providers for two weeks since their computer systems were attacked by the rapidly evolving Sasser worm.