IVORY Coast’s military ruler General Robert Guei has rejected suggestions that soldiers who attacked his home in an apparent assassination attempt last month had been tortured or killed. Guei also denounced what he called plots to win power in the West African country by creating disorder. Guei, who plans to contest an October 22 presidential […]
MPUMALANGA’S eagerness to beat its classroom backlog has backfired, with scores of its new classrooms crumbling less than three years after they were built. At least one R500 _000 school near Nelspruit is so damaged it has been abandoned altogether and is now being used by gangs of truant youths for smoking and sex parties. […]
SOUTH Africa’s combined gold and foreign exchange reserves rose to R54.7bn in September from August’s R52.1bn, according to Reserve Bank figures. Analysts had predicted combined reserves of R53.5bn, with a range of between R51.5-55.1bn. The bank’s net open foreign exchange position – a measure of its uncovered exposure to its forward foreign exchange commitments – […]
SOUTH Africa’s Western Areas is considering offers for its 50% stake in the South Deep joint venture with Canada’s Placer Dome as one of a couple of alternatives to unlock shareholder value. Western Areas said it would either sell the South Deep interest or using its cash resources to complete the project with a view […]
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AFP AND OWN CORRESPONDENT, Harare | Monday ZIMBABWE’S ruling party has warned that it will respond to any attempt to forcibly oust President Robert Mugabe from power with “violence” following opposition calls to remove him. Nathan Shamuyarira of the governing Zimbabwe African National Union Patriotic Front (ZANU-PF) told state television that his party and government […]
REUTERS AND OWN CORRESPONDENT, Johannesburg | Sunday SOUTH African Reserve Bank governor Tito Mboweni has cautioned against over dependence on the government to increase the participation of the majority black population in the mainstream economy. “If we think that the state is going to drive this process we are making a mistake,” Mboweni told delegates […]
THE opposition Democratic Alliance (DA) has lashed the government’s decision to release another 7_ 000 prisoners as either a misguided crime-prevention strategy or no strategy at all by government to reduce crime. The DA said the additional release was in effect eroding the independent judicial decision of magistrates and judges. Their reaction follows the Department […]
OWN CORRESPONDENT, Johannesburg | Monday SOUTH Africa’s mediocre performance in two authoritative reports on risk and economic performance in emerging markets could cost it dearly, as large international portfolio managers channel investments elsewhere in preference to the South African market. In the first report, international brokering giant Merrill Lynch says South Africa’s recent macro-momentum was […]
Ilda Jacobs, Washington DC | Monday THE only South African pie shop in America is up for sale to anyone who likes to network and wants to keep a finger on the pulse of South African gossip in the US. Hal Hofmeyr, 70, and his wife, Deirdre, opened “Meal-In-A-Pie” in Fort Lauderdale, Florida in 1996 […]