JUST days after President Thabo Mbeki announced that Swissair will acquire a 20% stake in South African Airways at a cost of $240-million, the government said moves are under way to privatise a further 20% of the national airline. Swissair last week won the bid, beating Germany’s Lufthansa with partner Singapore Airlines, American Airlines and […]
IN the wake of FirstRand’s recently completed bankng merger, Paul Harris was on Wednesday named as CEO of FirstRand Bank Ltd as FirstRand announced the appointment of the boards of FirstRand Bank Holdings and FirstRand Bank Ltd. Viv Bartlett assumes the position of deputy CEO. Effective July 1, the boards of the two companies are: […]
TUESDAY, 1.00PM: THE disappointing quality of the Northern Hemisphere rugby teams that have recently toured South Africa, New Zealand and Australia (Sanzar), has the three countries looking at new options for increasing the number of genuinely exciting fixtures on the rugby calendar. On July 15, the Sanzar countries will meet to discuss the problem and […]
The Standard Bank National Arts Festival had a proud history of turning South Africa’s division and conflict into a celebration of unity and diversity
A FINAL decision on where to construct the Epupa hydropower project is being delayed by the ongoing war in Angola which has prevented officials from Luanda attending a key meeting in Windhoek. Namibia and Angola are already at loggerheads over which site on the Kunene river to choose with the Angolans favouring a smaller dam […]
THE controversial Double Explosion soccer match between a World XI and the Premier Soccer League All Stars is off, SABC television news reported on Wednesday. The broadcaster said overseas players — the likes of Maradonna were to have played — had a change of heart because former President Nelson Mandela woill not be at the […]
A Union for the Total Independence of Angola (UNITA) MP in jail for collaborating with the organisation’s historic leader, Jonas Savimbi, is seriously ill, his wife said on Tuesday. Jose Domingos, locked up in February accused of aiding Savimbi from Luanda, has an unidentified illness that is causing progressive paralysis of his limbs, his wife […]
PORTS and rail networks are next in line for partial privatisation, after the successful sell-off of 20%of South African Airways to Swissair, Trade and Industry Minister Alec Erwin said on Tuesday. Erwin told a Cape Town press briefing that ports and rail had been targetted by the government because much new investment in the country […]
MOZAMBIQUE’S former island capital and once-thriving Arabic trade city, Ilha da Mozambique, may soon be revived to its former glory as part of a multi-million dollar project to rehabilitate the archipelago off the coast of Nampula province. It was the country’s capital for nearly 400 years until the seat moved to Maputo in 1898 and […]
THE new Health Minister, Dr Manto Tshabalala-Msimang on Tuesday promised a “truly multi-sectoral response” to the scourge of HIV/Aids. Speaking in Cape Town, she said she would meet next week with researchers working on the disease and with other stakeholders. Her department would study closely the call by United Nations Secretary-General Kofi Annan to declare […]