The <i>Financial Gazette</i> reported from Harare that Zimbabwe is in negotiations with Libya for a $2-billion loan to help stabilise the country’s economy, which is facing a huge crisis. This, according to the <i>Gazette</i>, was revealed to them by senior government sources.
The pension fund and life industry has baulked at the government’s proposed national social security system. It says it could lose 60% of its members. The current national pensions plan proposal is for about 13% of the first R60 000 earned by workers to be invested into a national savings fund. This money would only be accessible on retirement.
Rebels responsible for waging a brutal 20-year battle in northern Uganda might be spared punishment by the International Criminal Court, according to a new agreement signed last Friday. In terms of the deal the Ugandan government has agreed to handle the war crimes of the Lord’s Resistance Army (LRA) under an ”alternative justice mechanism”.
The African National Congress Youth League (ANCYL) left no doubt on Friday about its opposition to the notion of ”two centres of power”. ”We remained steadfast that there cannot be two centres of power, because that would be disastrous for our country,” president Fikile Mbalula said in a statement.
Not long ago it was French football great Zinedine Zidane who was the focus of their bid for celebrity — and a few laughs. Now, it is the peloton of the Tour de France — and their notorious links with the banned blood booster EPO (erythropoietin) — which is the subject of musical group La Plage’s latest offering.
There have been some odd happenings in South African sport during the course of the 21st century. Take the case of cricketer Jacques Rudolph, who made his debut for the Proteas against India in 2001, only for the ICC retrospectively to strip the game of its Test match status.
Finance Minister Trevor Manuel on Wednesday called for a deepening of corporate governance and accountability, saying it was necessary to understand that sound corporate governance was not enough. Manuel was addressing a conference of the International Corporate Governance Network in Cape Town.
The African National Congress (ANC) is to contest the legality of the decision to reinstate Truman Prince as municipal manager of the Central Karoo district municipality. Western Cape ANC secretary Mcebisi Skwatsha described the move as ”improper and wrong”.
"We want to shed the light on the mystery of this thing called governance. What is governance? What is it about?" Mo Ibrahim, the chairperson of Celtel International and the Mo Ibrahim Foundation, which supports good governance in Africa, speaks to Stephanie Wolters.
Hooker Raphael Ibanez will captain France during the World Cup later this year, team manager Jo Maso announced on Monday. He will take over from lock Fabien Pelous. The 34-year-old Ibanez, who currently plays with London side Wasps, was captain of the French team at the 1999 World Cup, taking the team to the final where they lost to Australia.