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/ 1 September 2004
The "official rate of interest" used by the tax authorities was cut by 50 basis points to 8,5% with immediate effect, the South African National Treasury said in a media statement on Wednesday. The cut followed the 50 basis-points reduction to 7,5% in the South African Reserve Bank’s repo rate, announced on August 12.
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/ 1 September 2004
South African information technology company Dimension Data (Didata) said on Wednesday that agreement has been reached with a black economic empowerment consortium on the transfer of a 25,01% interest in Dimension Data South Africa. The stake has been valued at R380-million.
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/ 1 September 2004
The African National Congress has snatched an overall majority in the 200-member Cape Town Unicity Council following the defections of 23 of the 32 New National Party councillors. Among the councillors to cross was Cape Town deputy mayor Gawa Samuels.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=121445">Freedom Front Plus scoops 10</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=121453">De Lille welcomes floor-crossers</a>
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/ 1 September 2004
Moscow was targeted by the third suicide bombing in a week on Tuesday night, when a woman blew herself up at the entrance to a busy metro station, killing 10 people and injuring 51, many of whom were in a critical condition, officials said. The explosion took place at about 8.05pm outside the Ryizhskaya metro station in north-eastern Moscow.
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/ 1 September 2004
An Islamist group on Tuesday released video footage showing 12 Nepalese workers dying in the worst mass killing of hostages since Sunni Islamist extremists embarked on a spree of kidnappings in April. News of the killings overshadowed international efforts to secure the release of two French journalists held by a separate Iraqi group of militants.
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/ 1 September 2004
At least 16 people were killed and almost 100 injured after Israel’s five-month period of relative peace was shattered on Tuesday with a double suicide bombing on two buses in the southern town of Beersheba. The bombings, which came 15 seconds apart and killed a three-year-old boy, 10 women and five men, were claimed by Hamas as a revenge attack for Israel’s assassination of its leaders Sheik Ahmed Yassin and Abdel Aziz Rantisi earlier this year.
Delayed attack likely to backfire
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/ 1 September 2004
Sudan’s government and its rebel foes returned to the negotiating table on Tuesday as African Union-led attempts to reach a deal on ending Darfur’s humanitarian crisis were overshadowed by kidnapping claims. As delegates to the African Union peace conference in Abuja held their eighth day of talks, they had yet to reach agreement on the first agenda item: how to ensure the safety of the Darfur region’s 1,2-million displaced people.
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/ 1 September 2004
There are a few ways to look at the release from jail of Charmaine Phillips. Phillips was christened Bonnie in what was in 1983 the story of how a couple went on a murder and robbery spree. Bonnie was sentenced to life imprisonment. First, and probably the most obvious, is the futility of sending people to jail for more than one life term.
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/ 1 September 2004
It’s obvious that the Brazilians who designed the new Opel Corsa bakkie intended it to be taken seriously. It has the biggest cab and deepest bin, and boasts the healthiest ground-clearance of all competing bakkies in its class.
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/ 1 September 2004
With the all-new Ninja ZX-636R, the Big Green K is out to prove you can have your cake <i>and</i> eat it too. With a new 636cc engine, tuned to give even more grunt, married to host of features previously found only on the ZX-6R track model, the new Ninja now delivers better-than racetrack performance on the road.