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/ 5 March 2004

Now Kerry faces the $100-million man

Two days after his coronation as the Democratic party’s presidential nominee, John Kerry faced up to a hard truth on Thursday: George Bush has a -million head start in the election campaign fundraising race. While Bush has -million in hand, Senator Kerry enters the presidential race with his reserves depleted by his party’s primary contest.

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/ 5 March 2004

Lesotho’s orphans

It has pride of place in the quiet Basotho village. Large as life, freshly painted and set on lush rolling lawns with luxury cars in the garage, its ochre-coloured walls stand in sharp contrast to the shabbier, grey dwellings of Thaba Tseka. It can only be the best and only hotel in town, or so you think until you drive closer.

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/ 5 March 2004

R2bn deal a step closer

Patrice Motsepe will continue his ascent up the South African corporate ladder when a consortium he leads completes its purchase of a 10% stake in financial services giant Sanlam in a deal worth R2,2-billion. The details of the transaction were disclosed by Sanlam last Thursday.

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/ 5 March 2004

Breaking the unions’ backs

Serious questions about the dwindling power of national bargaining councils in the face of the increasing casualisation of South Africa’s labour force were raised this week, as negotiations between transport unions and employers in the road freight industry crashed.