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/ 29 November 1996

Rates squeeze hits growth

Madeleine Wackernagel GROSS domestic product (GDP) figures for the third quarter were in line with expectations at an annualised rate of 3,2% growth. This relative decline, after the unexpectedly strong growth in the second quarter of 3,5%, was only to be expected, says Bernie de Jager, head of the Reserve Bank’s economics unit. “Growth in […]

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/ 29 November 1996

JCI price is `inflated’

Max Gebhardt ANALYSTS believe Mzi Khumalo’s Capital Alliance-led African Mining Group has paid a premium for Anglo American’s mining house, JCI. The deal, announced this week with Anglo’s interim results, saw the consortium purchase a 34,9% stake in the mining house for R2,8- billion at R54,50 per share. One analyst said the fundamentals showed that […]

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/ 29 November 1996

True colours of a rainbow nation

Racism exists in Brazil as it does here, but it is not nearly as overt, argues Mungo Soggot IN a hall which could comfortably swallow three tennis courts dance hundreds of sensual Brazilians to an ear-splitting drum beat. The dazzling couples, some of whom include outrageously camp homosexuals, are products of what must be one […]

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/ 29 November 1996

Task unit proves its worth

Ann Eveleth NORTHERN KwaZulu-Natal National Investigation Task Unit head Mandlenkosi Vilikazi won his third murder conviction last week. Induna Mandlengqondo Mathonsi and his uncle, Patrick Mathonsi, were sentenced last Friday to 16 years’ and 12 years’ imprisonment respectively by the Mtubatuba Supreme Court for the murder of two people in August 1995. They also received […]

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/ 29 November 1996

Tager accused of unfair dismissal

Andy Duffy TRANSNET sacked an official after accepting unchallenged disciplinary charges brought against him by chair Louise Tager and denying him legal representation. The hearing refused to let Terrance Naidoo’s lawyers speak, and denied him time for a supreme court review of its decision. Naidoo, the government’s representative on Transnet’s transformation programme, was dismissed last […]

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/ 29 November 1996

Tackling the jobless

South Africa’s labour market is labelled `inflexible’. The facts refute this, says the ILO’s Guy Standing IN the1990s, most governments are almost prisoners of international opinion, even in medium-sized countries such as South Africa. Economic policy is determined not only by realities, but by impressions that filter through a small community of commentators. Those in […]

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/ 29 November 1996

W Cape plans for growth

Lynda Loxton THE Western Cape is relying on several “mega-projects” to help it cope with the expected national economic downturn and still maintain its growth edge over other provinces. Minister of Economic Affairs Chris Nissen told a conference on regional economic prospects this week it was “rather pleasant” to be in a province with above-average […]

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/ 29 November 1996

US tobacco industry smoked out

Glenn Frankel reports on how leading UScigarette companies used trade laws to prise open a lucrative new market ON THE STREETS of Manila, “jump boys” as young as 10 hop in and out of traffic selling Marlboros and Lucky Strikes to passing motorists. In the coffee shops of Seoul, young Koreans light up foreign brands […]