A post template

No image available
/ 24 May 2006

SAA agrees to pay R55m in penalties

South Africa’s national air carrier South African Airlines (SAA) has signed a consent order with the competition commission to pay R55-million in administrative penalties for fixing prices and fuel-levy charges on flight tickets. The airline was also penalised for abusing its dominant position in the domestic market.

No image available
/ 24 May 2006

Enron jurors meet for fifth day of deliberations

Jurors deliberated for a fifth day on Wednesday in the fraud trial of former Enron chief executives Jeffrey Skilling and Kenneth Lay, after a separate trial of Lay before a judge on banking charges concluded. The eight women and four men, who have already debated for about 24 hours over four days, have given no indication of their progress.

No image available
/ 24 May 2006

World Bank believes Zim can bounce back

The World Bank believes Zimbabwe has the capacity to reclaim its position as the breadbasket of Southern Africa, Harare’s The Herald newspaper reported on Wednesday. For this to happen the country would have to revitalise its road, railway and water infrastructure, the paper’s website quoted World Bank country manager Sudhir Chitale as saying.