OWN CORRESPONDENT, Windhoek | Friday 11.00am. ZIMBABWEAN President Robert Mugabe has urged landless Namibians to follow his country’s example and forcibly reclaim their land if white farmers refuse to share it. ”If the other neighbouring countries have problems similar to the ones we have encountered, why not apply the same solution as Zimbabwe. It is […]
THE government is to spend about R100-million over the next 10 to 15 years to clean up abandoned asbestos mines and dumps in the Northern Province, Northern Cape and Mpumalanga, according to the Business Report. R45-million has already been spent over the past 13 years rehabilitating the dumps and mines. The budget this year is […]
SASOL is to construct a R1-billion detergent alcohol plant at Secunda, according to the Business Report. Sasol said the plant, due to be commissioned in March 2002, will add considerable value to its fuel from coal operations and become a major export earner. It will have an annual capacity of 120000 tons. Output will go […]
MUSLIM rebels holding 21 mostly foreign hostages, including two South Africans, for more than a month on Friday cancelled the planned start of formal talks with Philippine government negotiators. Manila’s chief negotiator, Roberto Aventajado, said the guerrillas called off Friday’s talks because they have moved the hostages. He now expects the talks to start on […]
NICOLE MORDANT, Johannesburg | Friday 12.30pm. PRE-election turmoil in Zimbabwe continued to weigh on sub-Saharan Africa’s two biggest bourses this week, and analysts expect market confidence to remain shaky until beyond next month’s poll. Analysts said that against a backdrop of waning offshore interest in African markets, activity across the bourses will remain subdued and […]
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Man meets woman; man doesn’t jump into bed with woman. Patrice Leconte, the award-winning director of Ridicule, tells Peter Lennon why his new film.
THE South African Chamber of Business and Standard Bank are launching a monthly trading conditions survey, which will be published as the Trade Activity Index. The index will relate current economic activity to an economic forecasts index for the next six months. The TAI will be the third economics index in South Africa, after Sacob’s […]
OIL prices continued to rise in early trading on Thursday following renewed concerns about tightness of supplies. In London, the price of benchmark Brent crude for July delivery edged up nine cents to $28,70 a barrel. Dealers attribute the increase mainly to the latest US data on supplies, although they add that speculative buying is […]
STEVEN MANN, Cape Town | Thursday 5.30pm. THE government reaped R7,7-billion rand from privatisation in the 1999/2000 financial year, R3,7-billion more than was orginially budgeted for. Addressing Parliament, Finance Minister Trevor Manuel said this and favorable lending conditions have enabled the government to cut debt servicing costs to 5,5% of GDP, making more resources available […]