The JSE was looking for an excuse to fall, say market commentators, and on Tuesday, world conditions helped it do just that. Though some investors would have been squeezed out, others saw it as an opportunity to buy cheaper stocks. The local market closed at 26 078,30 on Tuesday, and lost another 1% on Wednesday, to end at 25 796.
"It is increasingly apparent that the current SABC board is not fit to run the public broadcaster. In the wake of the SABC’s commission of inquiry into allegations of blacklisting, public attention has focused mainly on the conduct of the managing director of news, Snuki Zikalala," writes Jane Duncan, the executive director of the Freedom of Expression Institute.
It appears the department of communications’ grand plan for Sentech to become a key player in the broadband market is not going to come to fruition any time soon. Once again, Sentech has been overlooked in the budget, and it will not be receiving the capital investment it requires from government to institute its wireless broadband rollout.
In the past few weeks the Mail & Guardian has carried a number of political views on the crisis of overcrowding and poor sanitation in the Imizamo Yethu informal settlement in Hout Bay. The City of Cape Town has a responsibility to remedy this situation, writes the mayor of Cape Town, Helen Zille.
Amazulu’s Lucky Mzizi — a former Kaizer Chiefs player — scored a brace to help his team beat the Amakhosi 2-1 in a fast-flowing Castle Premiership game played at Olympia Park on Saturday evening. Amazulu led 1-0 at the break. It was sweet revenge for Amazulu, after Chiefs beat them 2-0 at home in the first round.
South Africa’s Lions overturned an 11-point deficit to beat Australia’s Queensland Reds 26-20 in their Super 14 clash in Brisbane on Saturday. The Lions trailed 17-6 late in the first half but scored two unanswered tries in the second to chalk up their fourth straight win of the season and move to second place in the standings.
Algeria said on Saturday its cooperation with Washington’s war on terrorism was ”profitable” but it would never agree to host a United States military base on its territory. The US has conducted joint training exercises in countries around the Sahel as part of the ”Trans-Saharan Counter Terrorism Initiative”.
African National Congress deputy president Jacob Zuma visited the relatives of a florist murdered on a farm in Meyerton, south of Johannesburg, on Saturday, after reading about the family’s tragedy. The South African Broadcasting Corporation quoted Zuma as saying the issue of crime in the country was serious.
Two major supermarkets have withdrawn six products contaminated with the cancer-causing Sudan chemical dyes, the Sunday Times reported on Sunday. The newspaper had laboratory tests carried out on spices bought randomly from supermarkets countrywide.
South Africa’s Bulls broke a 12-season hoodoo by beating the ACT Brumbies 19-7 in their Super 14 match at Canberra Stadium on Saturday. The Bulls registered their first win in the Australian capital since the old Super 12 began in 1996 to cement their place in the top four after five rounds.