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/ 26 February 2004

Mboweni hails inflation success

In a statement issued on Thursday following the first of the monetary policy committee meetings for 2004, South African Reserve Bank Governor Tito Mboweni said the success achieved in bringing inflation down to levels last experienced in the 1960s has been a major accomplishment

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/ 26 February 2004

Rates left untouched

The South African Reserve Bank’s monetary policy committee decided on Thursday to leave the repo rate unchanged at 8%. Bank Governor Tito Mboweni said the expectation of the committee is that inflation will remain within the target range during the forecast period while the economy continues to pick up momentum.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31824">Mboweni hails inflation success</a>

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/ 26 February 2004

Ugandan violence at disastrous levels

The Ugandan Parliament has passed a motion calling for the insurgency-hit north to be officially declared a disaster zone and urging the international community to help end the violence, officials said on Thursday. Only the president has the mandate to declare a region a disaster area.

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/ 26 February 2004

Violent barrier protests turn deadly

Israeli soldiers shot and killed two Palestinians during violent protests against Israel’s West Bank barrier on Thursday, and two Palestinian gunmen killed an Israeli soldier at a Gaza Strip crossing before being gunned down by troops. The West Bank protesters were trying to block construction workers from putting up a new section of fencing.

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/ 26 February 2004

January producer price inflation higher

Year-on-year producer price inflation for all commodities for South African consumption (PPI) came in higher at -1,4% last month compared with -1.8% in December 2003, Statistics SA reported on Thursday. This could be explained by increases in the annual rates of change of several production price indices.

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/ 26 February 2004

Ndungane pours oil on Catholic waters

The Anglican church on Thursday sought to smooth the ruffled feathers of its Catholic brethren in the wake of Archbishop Desmond Tutu’s criticism of the Catholic stand on condoms. Tutu earlier this week spoke out against Catholic disapproval of condoms as a way of preventing the spread of Aids.

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/ 26 February 2004

Macedonia’s president killed

Macedonia’s President Boris Trajkovski was killed on Thursday when his plane crashed in a mountainous part of southern Bosnia en route to an international investment conference. The Macedonian government aircraft, carrying Trajkovski and several other officials to the conference in the western Bosnian city of Mostar, crashed near the Bosnian village of Bitonja shortly after 8am.