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/ 12 January 2004

SA house prices up 19% for December

South African house prices slowed somewhat to a nominal increase of 19% year-on-year (y/y) in December 2003 from 19,6% y/y in November, according to South African commercial bank Absa’s monthly house price index (HPI) released on Monday. The recent highest nominal y/y increase was 20,9% in May 2003.

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/ 12 January 2004

No end in sight to airport strike

Although hopes were running high in some quarters on Monday that the 26-day-old strike by airport baggage handlers might soon come to an end, it would appear there is still some way to go. This follows a high level meeting last week between the employer, Equity Aviation Services, and the Congress of South African Trade Unions.

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/ 12 January 2004

Organic beef benefits from mad cow scare

The discovery of a Holstein with mad cow disease in the United States has producers and sellers of organic and natural beef changing their marketing tactics to make the case — sometimes starkly — that their meat is free of the disease. To be certified as organic, beef must come from cattle fed vegetarian diets.

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/ 12 January 2004

IFP: ‘We will bring hope’

South Africa’s largest opposition party, the Inkatha Freedom Party, will launch its national election campaign in Durban, KwaZulu-Natal, on Sunday January 18. The pro-free-enterprise party is expected to underscore the importance of fast-tracking privatisation of state-owned enterprises.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29555">DA eyes KZN, Western Cape</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29493">ANC kicks off election battle</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29547">SA economy ‘not well-managed'</a>

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/ 12 January 2004

Jailed Zimbabwean editor to appear in court

Iden Wetherell, editor of the <i>Zimbabwe Independent</i>, is expected to appear in court on Monday following his arrest on Saturday evening for apparently "insulting" President Robert Mugabe.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29267">Wetherell writes for M&G Online</b></a>
<li><a class=’standardtextsmall’
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=29475">Court unbans Zim paper, again</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=29428">Zimbabwe ruins African unity</a><br><li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?ao=29480&t=1">Famine in Zimbabwe</a><br>

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/ 12 January 2004

Zimbabwe introduces forex auctions

Foreign currencies will be traded in Zimbabwe from Monday in a controlled auction system set up by the central bank in a bid to narrow extreme differences between the official and parallel rates. The auctions are aimed at bolstering foreign exchange inflows to the official market and eradicating the parallel market.