The worst of the financial-sector crisis is over, although the impact on the broader economy will likely drag on in coming months, International Monetary Fund (IMF) managing director Dominique Strauss-Kahn said on Thursday. "There are good reasons to believe that the largest part of disclosure in financial institutions has been done," he said.
Employees of Nationwide have been left financially stranded because of technical issues surrounding the liquidation of the airline, the United Association of South Africa (Usasa) union said on Wednesday. A Uasa divisional manager said the difficulties arose because the Nationwide group consists of four subsidiaries.
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African National Congress (ANC) president Jacob Zuma’s rights to a fair and speedy trial have been violated with impunity, and the independence and credibility of organs of state have been severely compromised, the ANC Youth League said on Wednesday.
The African National Congress (ANC) on Tuesday night called on members of the Alexandra community to remain calm and to allow police to handle the situation. ANC Alexandra spokesperson, Pule Phalatse, said the party had attended a meeting held at the Sankopano community centre on the corner on Selbourne and 12th Avenue in Alexandra.
Africa’s biggest transport and logistics company, Imperial Holdings, said on Monday it was considering a merger of its Regent Life and Regent Insurance companies. ”A merger would enhance the growth prospects and operational synergies of these businesses …,” the company said in a statement.
The single major prerequisite needed to be a player in the relocations industry is a global reputation. It’s easier for someone who has a global reputation to get into the industry, than it is for someone who doesn’t. For instance, estate agents previously tried to expand into relocations, but failed because of a lack of skills in tax and immigration.
African National Congress (ANC) president Jacob Zuma has received support from alliance partners to run for presidential elections, ANC secretary general Gwede Mantashe said on Sunday. ”We will not only be accompanying him to court but to the Union Buildings as the next president of South Africa,” he said, announcing the outcome of an alliance.
The African National Congress (ANC) may ask President Thabo Mbeki to set up a commission of inquiry into bonuses paid to Eskom bosses, media reports said on Sunday. The Sunday Times said a report commissioned by the ANC into the power crisis revealed gross mismanagement at the state utility.
The South African Communist Party, an ally of the African National Congress (ANC), called at a weekend summit for President Thabo Mbeki to be sacked, newspapers said on Saturday, but the ANC said the issue was not even on the agenda. ANC spokesperson Tiyani Rikhotso dismissed any suggestion that Mbeki’s political future was being discussed.
It is about time that the humiliation of South African freedom fighters in the United States came to end, African National Congress (ANC) national executive committee member Tokyo Sexwale said on Saturday. The US House of Representatives on Thursday adopted legislation that erases from government records the apartheid-era designation of the ANC as ”terrorists”.