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/ 7 January 2004

Govt plans demolition of buildings

Members of the public wishing to comment on the planned demolition of certain Johannesburg inner city buildings to make way for the Gauteng provincial government precinct should do so by February 4. The government plans to pull down these buildings to make way for a public square.

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/ 7 January 2004

New car sales on the rise

New car sales for 2003 are expected to rise by 5%, a banking group reported on Wednesday. Old Mutual Bank manager Ben Stander said sales are expected to continue growing in 2004. He said lower interest rates and increased advertising are among the causes for the growth.

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/ 7 January 2004

‘Landmark’ ruling for franchise industry

There were scenes of jubilation and tears of joy on the steps of the Cape High Court on Wednesday when a group of Seven-11 franchisees celebrated a judgement effectively holding the mother corporation liable for about R50-million in claims. The case was described as a ”landmark” for the South African franchise industry.

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/ 7 January 2004

Mixed performances leave JSE flat

South African stocks delivered mixed performances on Wednesday morning, leaving the JSE Securities Exchange South Africa (JSE) level overall. Gold stocks were a feature on the downside, but a weaker rand pared losses. The rand was quoted at R6,54 per dollar from R6,48 when the JSE closed on Tuesday.

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/ 7 January 2004

Time to talk to the Taliban

The latest atrocity in Afghanistan — a dozen children killed by a ”bicycle bomb” in Kandahar on Tuesday — is a reminder that Iraq is not the only place where US-sponsored regime change has not produced peace. Defeating insurgencies cannot be done by the iron fist alone.

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/ 7 January 2004

No evidence of excessive Iscor pricing

South Africa’s Competition Commission has found, following an investigation, no evidence of excessive steel pricing by steel group Iscor, commission spokesperson Karin Coode said on Wednesday. The investigation followed complaints by South African gold miners Harmony Gold and Durban Roodepoort Deep and others.

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/ 7 January 2004

Three miners die, 3,5km below the surface

Three miners died and five were injured after a rockburst at an AngloGold mine near Carletonville on Tuesday, AngloGold reported on Wednesday. The rockburst occurred about 3 500 metres below the surface, and was caused by seismic activity, measuring 2,2 on the Richter scale, spokesperson Shelagh Blackman said.