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/ 23 September 2004

Mugabe draws cheers at the UN

Zimbabwe’s President Robert Mugabe, long a thorn in the side of the United States and Britain, drew applause at the United Nations on Wednesday for a scathing speech that tore into the Iraq war allies. Mugabe blasted the two nations for holding up reform of the UN Security Council in ”calculated” attempts at trying to preserve their influence at the UN.

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/ 23 September 2004

SABMiller reports strong performance

South African brewing giant SABMiller on Thursday reported that group financial performance in the five-month period to August 31 this year was strong, and earnings growth was recorded in all of its businesses. In a trading update ahead of interim results in November, SABMiller said for the same period, the group’s organic lager volume growth was more than 4%.

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/ 23 September 2004

Tiger Brands to unbundle, list Spar

Food and pharmaceuticals group Tiger Brands on Thursday announced that it will unbundle and separately list retail group Spar on the JSE Securities Exchange with effect from October 18. Detailing the unbundling scheme, Tiger Brands said it plans to distribute a total of 168,76-million Spar shares to Tiger Brands shareholders.

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/ 23 September 2004

Tourism can stop retrenchment spiral

Tourism is the only resource with the potential to create thousands of employment opportunities in a short space of time, while in other sectors of the economy, people are either dismissed or retrenched. This is according to United Association of South Africa (Uasa) support services general manager Leon Grobler.

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/ 23 September 2004

Controlling stake in Absa may be for sale

South African banking group Absa’s share price touched an all-time high of R62,50 a share on Wednesday morning after the group issued a cautionary stating that it is in talks that might result in a controlling stake in the bank being acquired. It was speculated that Sanlam, Absa’s largest shareholder, is planning to sell its 21% stake.

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/ 23 September 2004

Mbeki’s brother lashes out at African leaders

The brother of South African President Thabo Mbeki lashed out at Africa’s political elite on Wednesday, saying that its plundering of resources has ”left the continent worse off than in colonial times”. Moeletsi Mbeki, the deputy chairperson of the South African Institute for International Affairs think tank in Johannesburg, accused African leaders ”of taking their country’s resources and stashing them in Swiss bank accounts”.

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/ 23 September 2004

‘Almost’ all unions ready to sign wage agreement

Technically, the wage dispute between the government and the public sector unions came to an end on Wednesday with the state signing a wage agreement and leaving organised labour 21 days to follow suit. Edwin Mohlegedi, chairperson of the Public Service Coordinating Bargaining Council, said he expected all parties to sign on the dotted line.

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/ 23 September 2004

Standing proud

”It is unfortunate, though, that the media coverage of Pride in its focus on drag queens and scantily clad buff guys fails to reflect the diversity of our community.” The M&G Online puts 10 tough questions to Evert Knoesen, director of South Africa’s Equality Project, as the country’s annual Gay Pride celebrations kick off in Johannesburg.

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/ 23 September 2004

Kudos to the public

This week official crime statistics were revealed that indicate fantastic reductions in a wide range of crimes. Perhaps most impressive was a decline in the number of murders nationally and in most provinces. The police are, understandably, taking a bow. But the police should be credited for the things they can control, not for the increases or decreases in crime.

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/ 23 September 2004

The challenge of making it on your own

The challenge of making it on your own Published: June 7, 2004 By Keeran Sewsunker for The Daily News The first step is to know yourself as an entrepreneur. Each entrepreneur is unique. Each person needs to understand the risk that he or she can withstand. A university graduate may have a high tolerance to […]