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/ 7 February 2007

Manuel to attend G7 finance forum

Finance Minister Trevor Manuel will attend a meeting of the group of seven (G7) ministers of finance and central bank governors, in Essen, Germany, the National Treasury said on Wednesday. Manuel was invited by the G7, together with finance ministers from Brazil, India, Russia, China and Mexico, to attend the meeting to be held on Friday.

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/ 7 February 2007

Mugabe axes finance minister

Zimbabwe’s President Robert Mugabe on Wednesday sacked Finance Minister Herbert Murerwa and promoted several deputies in a Cabinet reshuffle announced through state radio. Mugabe picked former minister of indigenisation Samuel Mumbengegwi as Murerwa’s replacement.

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/ 7 February 2007

Committee clears World Cup finance hurdle

The local organising committee has cleared its first hurdle in the race to have amenities in place for the Soccer World Cup by balancing a stadium budget R3,4-billion over the original R8,7-billion. This was done by trimming costs and obtaining additional finance from the municipalities where games would be played.

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/ 5 February 2007

Last-chance Iraq security operation appears ready

Violence raked Baghdad on Monday as an Iraqi general took charge of the security operation in the capital and Iraqi police and soldiers manned new roadblocks — initial steps indicating the start of the long-anticipated joint operation with American forces to curb sectarian bloodshed. But bombers, gunmen and mortar teams appeared undaunted.

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/ 5 February 2007

Balancing act

When President Thabo Mbeki attacked environmental processes for being too slow last year, many environmentalists were outraged. After a Cabinet lekgotla, Mbeki said environmental legis­lation was causing development delays and had contributed to “a quite considerable slowing down of economic activity”.

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/ 31 January 2007

Govt considers tougher line on BEE non-compliance

Black economic empowerment (BEE) legislation could be amended to compel companies to adhere to codes of good practice, Parliament’s trade and industry portfolio committee heard on Wednesday. ”The Act does not empower us to take action against a company that refuses to recognise the codes,” Trade and Industry Department chief director Polo Hadebe said.