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/ 2 November 2004

SA to source oil from African states

South Africa will explore ways to source its oil from other African countries in a effort to cope with spiralling global prices, the South African Broadcasting Corporation radio news reported on Monday. The SABC said Minerals and Energy Affairs Minister Phumzile Mlambo-Ngcuka had revealed, during her department’s presentation to the Parliament’s joint budget committee, that her department would join the Association of African Oil Producers.

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/ 2 November 2004

Harmony: ‘Let’s do it our way’

Harmony is urging its shareholders to vote in favour of its proposed merger with Gold Fields at a special meeting scheduled for Friday next week. Harmony, in an open letter to its shareholders on Monday, said the combined company would provide immediate and long-term shareholder value.

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/ 2 November 2004

‘Skeptical environmentalist’ strikes again

A team of eight economists, brought together by the controversial environmentalist Bjorn Lomborg, has declared it is not worth spending money on climate change because the effects are expected to be far in the future. Lomborg’s bestseller, The Skeptical Environmentalist, created storms of protest by throwing doubt on climate change science, and is hailed by free marketeers round the world, but reviled by many scientists.

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/ 2 November 2004

ThisDay: ‘We’ll be back’

Following a week of uncertainty about the future of South Africa’s newest national newspaper <i>ThisDay</i>, the newspaper’s executive director, Gbenga Oni-Olusola, said that publication will resume in the near future. The newspaper failed to appear last Monday, and the company is currently dealing with its financial difficulties, he said.

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/ 2 November 2004

Things grow better with Coke

Indian farmers have come up with what they think is the real thing to keep crops free of bugs. Instead of paying hefty fees to international chemical companies for patented pesticides, they are reportedly spraying their cotton and chilli fields with Coca-Cola.

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/ 2 November 2004

Indian vehicles hit SA market

Just months after Tata launched its range of vehicles on to the South African market, rival Indian auto maker, Mahindra, has arrived in South Africa. Launched to the media recently, the Bolero and Scorpio will no doubt find themselves competing head on against the more established brands in the market, although at a slightly different level and price too.

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/ 2 November 2004

Erwin announces Denel board

Public Enterprises Minister Alec Erwin on Monday announced the board of directors to manage Denel, the state-owned arms manufacture. Spokesperson Gaynor Kast said Erwin believed the board — retaining chairperson Sandile Zungu, who has held the position since 2001 — had a good combination of experience and skill.