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/ 24 February 2004
The JSE Securities Exchange South Africa (JSE) was drifting in the red in noon trade on Tuesday, in line with weaker world markets. Dealers said the local bourse seemed to be biding its time ahead of the release of consumer inflation data on Wednesday and an announcement on interest rates the following day.
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/ 24 February 2004
South African media and communications group Johncom has concluded an agreement with media group New Africa Investments (Nail) in terms of which Johncom will acquire Nail’s shares in New Africa Publications, owner of the <i>Sowetan</i> and 50% of <i>Sunday World</i>. Johncom already owns the other 50% of <i>Sunday World</i>.
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/ 24 February 2004
Amnesty International and two other leading human rights organisations are protesting to the Pentagon about its decision not to let them attend the planned trials of al-Qaida suspects held at Guantanamo Bay, Cuba.
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/ 24 February 2004
A probe into allegations by Roman Catholic nuns of trafficking in human organs in northern Mozambique has turned up no evidence of any such sales, prosecutors said on Monday.
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/ 24 February 2004
Libya’s Prime Minister Shokri Ghanem has said that Libya only agreed to pay compensation for the 1988 Lockerbie bombing to ”buy peace”, according to a BBC interview broadcast on Tuesday. He also said there was no evidence that a Libyan was responsible for the shooting of a British policewoman 20 years ago.
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/ 24 February 2004
A coelacanth — a pre-historic fish once thought to be extinct and now known as ”the living fossil” — was discovered last week by divers in Sodwana Bay. African Coelacanth Ecosystem Programme programmes manager Tony Ribbink said on Monday the fish was found at the unusually shallow depth of 54 metres.
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/ 24 February 2004
Lowering interest rates in line with First World countries could create a consumer spending surge that would outstrip South Africa’s capacity to meet supply, an Absa bank economist said on Monday.
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/ 24 February 2004
While party leaders in KwaZulu-Natal step up the rhetoric and war-talk ahead of the elections, communities on the ground are increasingly refusing to be used as cannon-fodder in political ”turf” wars. Eight people have been killed in clashes between the Inkatha Freedom Party and the African National Congress in KwaZulu-Natal in the past month.
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/ 24 February 2004
”Now, you have black faces riding in limousines along with white faces. But, the social and economic system has not changed, maybe even gotten worse.” Linguist Noam Chomsky has become a leading dissident voice in the United States. He talks exclusively to the M&G.
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/ 24 February 2004
London-listed Xstrata and South African Chrome & Alloys on Tuesday announced that they would merge their South African chrome and ferrochrome assets. The merger will create the world’s leading ferrochrome producer.