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/ 16 February 2004

JSE flat in quiet trade

The JSE Securities Exchange South Africa (JSE) was flat just before midday on Monday, with no fresh news to drive the market. With United States markets closed for President’s Day, volumes were very light — just more than half a billion shares had changed hands.

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/ 16 February 2004

Budget to go for growth

South Africa’s 2004/05 government Budget, set for release on Wednesday, should reveal a "go for growth" strategy, tolerating an increase in the Budget deficit in the coming years, according to investment bank Lehman Brothers. This expansionary fiscal policy could prove to be crucial to sustain economic growth in 2004 and beyond.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=31237">Budget could bring positive surprise</a>

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/ 16 February 2004

Young policeman killed in Cape Town

An off-duty policeman was shot and killed while he was visiting his family in Khayelitsha in Cape Town on Saturday, Western Cape police said on Sunday. Inspector Elliot Sinyangana said Constable Siyabulela Leon Mcengwa (27) was killed when several shots were fired at him around 7.15pm. He was hit in the head and died at the scene.

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/ 16 February 2004

Budget could bring positive surprise

The 2004/5 Budget to be presented on February 18 could provide a positive surprise to the South African capital market, Efficient Group chief economist Dawie Roodt said on Monday. "I believe the minister of finance will reduce the call on the domestic capital market, so as to keep long-term yields in single digits," he said.

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/ 16 February 2004

‘Aids is not urgent’

For four years Eastern Cape schools have had no HIV/Aids-awareness material in their classrooms. The cause is bureaucratic delays, bungling and a startling lack of urgency. ”Aids is not urgent. It will always be there among us,” NZ Mtshabe, chairperson of the province’s tender board, is recorded as saying in board minutes from 2001 that the Mail & Guardian has seen.

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/ 16 February 2004

‘We’re still players’

”Our 400-odd large companies can’t absorb the millions of black South Africans outside the economic mainstream. You can say we now have black billionaires like Tokyo Sexwale, but they’re not creating jobs.” United Democratic Movement leader Bantu Holomisa fields this week’s 10 tough ones from Drew Forrest.

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/ 16 February 2004

Fires kill at least 90 people in China

Two fires, including a huge blaze at a crowded shopping centre, killed more than 90 people on Sunday, battering China’s already dire safety reputation. At least 54 people died in the inferno at the Zhongbai Commercial Plaza in Jilin, northeast China, which started during a busy Sunday lunchtime.