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/ 2 February 2005

New Mozambican leader vows to fight poverty

Mozambique’s newly elected President, Armando Guebuza, on Wednesday took over the reigns from long-serving leader Joaquim Chissano with a pledge to step up the fight against poverty, bureaucracy and corruption. ”We want to bring about a more accelerated rhythm towards a better future, which translates in a sharp reduction of poverty,” Guebuza said.

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/ 2 February 2005

Moneyweb sells most of stake in Classic FM

Listed media group Moneyweb Holdings has agreed to sell 80% of its 19,62% stake in radio station Classic FM to empowerment group Huntrex for a cash consideration of R4-million, Moneyweb said on Wednesday. Moneyweb said the disposal will take effect from the earlier of February 15 or the payment of the first tranche of R2-million.

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/ 2 February 2005

Gibbs signs with English club

South African cricketer Herschelle Gibbs has signed a contract to play for the English club Lashings later this year from June to August. The club’s owner, David Folb, has brought a ”Harlem Globetrotter” element to the team in the past few years when it contracted some of the world’s greatest cricketers, past and present.

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/ 2 February 2005

Baxter picks his best

Bafana Bafana coach Stuart Baxter is taking no chances when he faces Australia in a friendly international at the Absa Stadium in Durban next Wednesday night. Baxter on Wednesday selected a balanced combination with the emphasis on attack. He named leading Premier Soccer League striker Sandile Ndlovu of Dynamos as his only new cap.

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/ 2 February 2005

Palestinians threaten to end truce

Hamas and seven other Palestinian groups threatened on Tuesday to call off a truce and return to ”all-out martyrdom attacks” unless Israel commits itself to ending army raids and killings in the occupied territories. The demand followed the killing of a 10-year-old girl at her school in a Palestinian refugee camp in Gaza on Monday.