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/ 26 February 2004
The PSG Group announced on Wednesday that it has entered into a partnership with a new black empowerment company, Arch Equity, which will acquire for cash 10-million shares in the PSG Group as its first transaction. Desmond Lockey is the controlling shareholder of Arch Equity and will serve as CEO of the new company.
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/ 26 February 2004
A recent working paper by Eric Parrado of the International Monetary Fund’s monetary and financial systems department argues that flexible inflation targeting, which takes into account inflation as well as output, is superior to strict inflation targeting, where meeting the inflation target is the unique objective.
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/ 26 February 2004
With the rand continuing to maintain its strength against major international currencies, local prices of bottled wines should fall in line with decreasing input costs, and those wine producers who opt to hike the prices of their brands are liable to lose market share to other wines, an industry expert warned on Thursday.
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/ 26 February 2004
The Namibian government announced on Wednesday that it will expropriate a select number of white-owned farms to accelerate its efforts at redistributing property to landless blacks. ”Our young nation still struggles to bring about balance and undo the effects of the unjust land redistribution,” said Prime Minister Theo-Ben Gurirab.
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/ 26 February 2004
There is something significant in the run-up to the election that will likely have far-reaching consequences for the country. Unfortunately, it is obscured by the intensity of political party campaigns. Contemporary alliances between some political parties raise the possibility of a positive shift in South African politics. Sadly, society and political parties are really not appreciative of what is afoot.
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/ 26 February 2004
When I asked my significant other what bothered him most about computers, his reply was, "The size of the keyboard." He went on to say that his biggest frustration is the learning curve computers impose if they were previously inaccessible to you. But that generation is starting to disappear and, although its legacy remains with us, the technological world is evolving at a rapid rate.
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/ 26 February 2004
Zimbabwe’s government used ”torture by various methods” against its critics, and Ugandan rebels killed or abducted nearly 10 000 people last year, the United States State Department said in its annual report on human rights around the world.
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/ 26 February 2004
Trade and Industry Minister Alec Erwin fleetingly braved the catwalk on Wednesday evening when he walked to the podium at the opening of this year’s Design Indaba Expo in Cape Town. ”It’s the first time ever [that] I’ve walked on the catwalk,” he joked, adding that while he might survive, ”whether the fashion industry would survive” was not so certain.
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/ 26 February 2004
The United States Coast Guard said on Wednesday it had intercepted a Panamanian-flagged vessel from Gonaive, northern Haiti, in waters off Florida carrying 28 people, including seven crewmen and 21 Haitian refugees.
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/ 26 February 2004
For lo, the multitudes did gather in multiplexes across the land, as the prophets had foretold. And at last they beheld The Passion of the Christ, and did render unto Mel Gibson millions upon millions of dollars in ticket and merchandising sales.