THE Central Bank of Nigeria has devalued the currency by 4,34% from 86.25 naira to 90 to the dollar, officials said on Thursday. The move, announced on the country’s Autonomous Foreign Exchange Market on Wednesday, follows pressure from the International Monetary Fund to bring the currency into line with market forces. The naira sells for […]
OWN CORRESPONDENT and AFP, Cape Town | Wednesday 7.00pm. A SPECIAL office will be established in the presidency to oversee minority language and cultural rights, Deputy President Thabo Mbeki announced in Parliament on Wednesday, during the debate on “The Afrikaner”. Mbeki said the new office, to be called the Commission for the Promotion and Protection […]
THE Inkatha Freedom Party has called for severe disciplinary action to be taken against the editor of Durban daily Ilanga following publication of a racist editorial on Wednesday. Ilanga editor, Amos Maphumulo, in his leader article on Wednesday, wished that South Africa might one day be blessed with the birth of a new Idi Amin. […]
CIVIL debt continues to rise, with the number of civil summonses for debt recorded for the three months up to January 1999 increasing by 7,2% compared with the corresponding period last year, Statistics South Africa said on Thursday. After seasonal adjustment this rises to an increase of 10,6% on the preceding three months. The total […]
YET another New National Party member is defecting to the African National Congress, and this time it is senior Western Cape leader Patrick Mackenzie. Along with NNP MPs David Chuenyane and John Gogotya, Mackenzie was expected to make his defection formal on Thursday morning.
DOUBTS have crept in over the quality of the Sydney Football Stadium pitch, where Friday’s Super 12 clash between the Stormers and New South Wales Waratahs will be played. Stormers coach Alan Solomons is worried the pitch, where the grass is parasite-infected and consequently weakened, could increase the chances of tripping and injury. A lawyer, […]
KENYAN solicitor general Judge Aaron Ringera has been appointed the new director of the country’s anti-corruption authority, according to a news release from the presidential press service. He replaces John Harun Mwau, who was suspended last August and became the subject of a tribunal to find out if he was competent to head the authority. […]
THE Industrial Development Corporation announced on Wednesday it is to use the local bond market to finance R3-billion to fund job-creating projects. IDC CEO, Khaya Ngqula, said they are to issue use a Domestic Medium Term Note Programme for the first time in South Africa. Merrill Lynch International and Merrill Lynch SA are advisers. Ngqula […]
HIGH profile leader of the Hard Livings gang, Rashied Staggie, is in hospital on Thursday afternoon after being shot outside his home in what appears to be a drive-by shooting. Police spokeperson Captain Anine de Beer told ZA*NOW that the shooting took place outside Staggie’s Oletta Court home on the Cape Flats at around 1.15pm. […]
THE Common Market for Eastern and Southern Africa (Comesa) is working on a programme aimed at removing restrictions on air transport which make it difficult to develop the industry in the region. Comesa Secretary General Erastus Mwencha said on Thursday that by October this year, Comesa should be able to link by air all the […]