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 […]
REUTERS AND OWN CORRESPONDENT, Harare | Monday THE World Bank is to formally classify Zimbabwe as one of the world’s worst economic pariahs as its inflation rate nears 120%, with potentially damaging consequences for South Africa and the entire sub-continent. Zimbabwe will be accorded “non-accrual status” for failing to make any payment on its debt […]
AFP AND OWN CORRESPONDENT, Windhoek | Monday NAMIBIA’S controversial home affairs minister Jerry Ekandjo has launched an astonishing attack on gays and lesbians in his country, urging a group of new police constables to “eliminate them from the face of Namibia.” Ekandjo told 700 newly graduated policemen and women at the police training college at […]
JUSTIN ARENSTEIN, Nelspruit | Monday OUTSPOKEN Mpumalanga safety and security MEC Steve Mabona has launched a fresh attack on the magistrate who implicated him in a damning 1997 commission report into drivers’ licence fraud, branding him a racist in an emotional public tirade. Mabona told a specially convened press conference he had no respect for […]