Banks and financials helped the JSE advance further by midday on Wednesday as they cheered the move by the United States Federal Reserve to raise liquidity in financial markets. At noon, the JSE’s broader all-share index had gained 1,35%. Financials collected 1,94%, while banks were up 1,67%.
Total transformation is needed at the University of the Free State (UFS), the African National Congress (ANC) in the Free State said on Tuesday. Provincial party spokesperson Playfair Morule said the recent ”dehumanising video” which surfaced at the university was just the tip of the iceberg of racist tendencies at the university.
The African National Congress’s (ANC) national working committee initiated a major review of the country’s education system at its fortnightly meeting on Monday, the organisation said. Education is a central pillar of economic growth and the fight against poverty, the ANC said in a statement.
The petrol price is now over R8, inflation is higher than anyone expected and looks ready to test 9%, and our mortgage repayments have gone through the roof. When trying to squeeze that little extra from your monthly budget, review your current insurance payments and look at ways to self-insure.
Public Protector Lawrence Mushwana is studying a response from Eskom regarding allegations about a contract awarded by the electricity utility to a company linked to African National Congress investment firm Chancellor House. Mushwana’s office said he had noticed reports stating that Democratic Alliance leader Helen Zille intended lodging a complaint.
A high-powered African National Congress (ANC) delegation that included Siphiwe Nyanda and Billy Masetlha was last weekend barred from entering Khutsong township on the West Rand. Khutsong residents are still up in arms over their transfer to North West province.
France extended their perfect record against Italy with a 25-13 win on Sunday that kept alive their slim chances of retaining the Six Nations title. France, who bounced back from a defeat by England on the same Stade de France pitch two weeks ago, will now try to ruin Wales’s Grand Slam hopes next Saturday in Cardiff.
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African National Congress (ANC) leader Jacob Zuma asserted, in an interview published on Friday, that power in South Africa rests with the ruling party, not with his rival, President Thabo Mbeki. ”Power lies in the ANC,” Zuma — who ousted Mbeki in a bitter ANC leadership contest three months ago — told Britain’s Financial Times newspaper.
Delays in construction as a result of the country’s current electricity-supply problem undermine efforts to grow the economy, the African National Congress (ANC) said on Thursday. ”Every effort must be made to ensure that the current problems in electricity supply do not negatively affect the building of projects of this nature,” it said in a statement.
Europe’s European Aeronautic Defence and Space Company (EADS) won its share of a huge contract to build aerial tankers for the United States thanks in part to improved French-American ties, French President Nicolas Sarkozy was quoted on Thursday as saying.