South Africa’s property market is poised for further acceleration as the combined influence of five factors, all individually capable of boosting property sales, hit the market almost simultaneously, according to market participants on Wednesday.
Revenues collected by the South African government in the first two months of the new 2003-04 fiscal year are so far lagging those received in 2002, according to the latest monthly data on revenue, expenditure and borrowing released by the National Treasury.
The United States announced on Tuesday that it has suspended military aid to South Africa because the country will not give Americans immunity from prosecution by the new International Criminal Court in The Hague.
The international community and parties within Democratic Republic of Congo (DRC) on Tuesday praised the country’s new unity government, set up to propel the former Zaire towards democracy and bring it lasting peace.
South African President Thabo Mbeki said on Tuesday he is committed to a peaceful resolution of Zimbabwe’s political crisis, but won’t pressure the country’s embattled leader to hold elections.
The United States has told its allies it believes North Korea is developing miniature nuclear weapons small enough to use as missile warheads and could perfect the technology within a year, according to a report yesterday.
A vote in the European parliament today could lead to all genetically modified products being labelled as such, paving the way for the EU to lift its moratorium on the introduction of new biotech foods.
Short-term food security improved in much of Southern Africa while the world’s attention was focused on terrorism and the war in Iraq, but the region’s agricultural sector remains fragile.
Consumers can start preparing themselves for the prime interest rate to fall by at least three percentage points to 12% before Christmas. That’s the good news after producer price inflation hit its lowest level in 30 years.
Because consumers generally carry their cellphones with them there has been a lot of speculation that the device could emerge as the next major way to access the Internet and to make or verify payments.