British Prime Minister Tony Blair has recognised the critical role to be played by the private sector in combating poverty in Africa, while pledging to push for the "best possible package" for the continent during the summit of the Group of Eight (G8) leading industrialised countries in Gleneagles, Scotland, set to begin on Wednesday.
London-listed development company African Platinum (Afplats) has completed the fieldwork on a three-dimensional seismic survey of its Leeuwkop project on the Western Limb of the Bushveld Complex in preparation for a bankable feasibility study, the company announced on Tuesday.
United States President George Bush comes to the G8 summit with posterity on his mind. He will never again have to go looking for votes or asking for campaign contributions, but he will have to listen to the American people to go down in history as a great conservative president.
Junior miner Aflease Gold and Uranium Resources (Aflease) and Southern Cross Resources on Tuesday announced that they have signed a definitive pre-merger agreement providing for the merger of the two companies. The combination is being done "at-market" based on the recent trading of both companies.
King Mswati III of Swaziland has sent a new Constitution back to Parliament for further debate after raising objections. Mswati, (37) who ascended to the throne at the age of 18, has been criticised for his lavish lifestyle and refusal to open up the kingdom to democratic reforms.
The Wicked Queen will not know what hit her. Snow White is about to be transformed into a martial arts epic with Shaolin monks replacing the seven dwarves of the original Grimm Brothers fairytale. Walt Disney is behind the kung fu retelling of its 1937 animated classic, which is part of an intensifying strategy to make inroads into the Chinese cinema market ahead of Hollywood rivals.
A burst water pipe flooded 30 to 40 houses at Meredale, south of Johannesburg, early on Tuesday morning, according to Johannesburg Emergency Services spokesperson Malcolm Midgley. ”Some houses are a metre deep in water,” he said. South African Broadcasting Corporation radio reports said that hundreds of people have been evacuated from the area.
The giant prehistoric Balancing Rocks that stand 16km from the centre of Harare are one of the great symbols of Zimbabwe, etched on to banknotes and pictured in every tourist guide. Immediately across the road from the rocks is a new symbol of the nation, one that is unlikely to feature in any guidebook.
”There is a pain in the belly of Africa. It is gnawing at our development goals and undermining our economies; yet somehow it is getting forgotten. Hunger is the scourge of Africa and it is advancing, and consuming more lives today than ever before,” writes Nigerian President and chairperson of the New Partnership for Africa’s Development Olusegan Obasanjo.
Fourteen months after it was first announced, the sale of the government’s multibillion-rand stake in cellphone giant MTN to a black economic empowerment consortium has still not been sealed. The deal involving prominent businessman Sandile Zungu is still mired in controversy, including allegations of conflict of interest by a former leading executive.