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/ 27 May 2005

Mbeki lauds SA’s ‘story of hope’

Peddlers of doom for South Africa remain hard at work, but the real story of South Africa is one of hope, South African President Thabo Mbeki argued on Friday in his weekly online column, <i>ANC Today</i>. The reality in the country is a story "of a growing and resilient economy", said the president.

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/ 26 May 2005

SA’s judges: It’s a question of trust

Too much is being made of claims that there is resistance to transforming the judiciary, Justice Dikgang Moseneke told members of the Judicial Services Commission in Cape Town on Thursday. ”I don’t think so,” said Moseneke of the resistance claims, adding that most judges embraced the Constitution, its values and the ”constitutional injunctions”.

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/ 26 May 2005

Vitamin debate rages before court

Vitamin entrepreneur Matthias Rath should not be deprived of the chance to debate with the Treatment Action Campaign even if he hits ”under the belt”, his advocate told the Cape High Court on Thursday. Even unfair debate should not be restrained, advocate John van der Berg told a full bench of judges.

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/ 26 May 2005

Old Mutual reports good BEE progress

Old Mutual, South Africa’s largest financial-services group, made good progress in the area of black economic empowerment (BEE) last year, it has emerged from the company’s <i>2004 Old Mutual Corporate Citizenship Report</i>, released on Thursday. During 2004, Old Mutual facilitated empowerment deals worth R500-million.

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/ 26 May 2005

Cape Town lets rugby boss off the hook

The Cape Town municipality has given rugby boss Brian van Rooyen’s company another chance despite its role in a recent fiasco with traffic fines, the Cape Times website reported on Thursday. It said the municipality had decided to re-assess its contract with Labat Traffic Solutions only at the end of August.

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/ 25 May 2005

SA has ‘no real plan’ for nuclear waste

In the high-stakes nuclear game, will a radioactive waste-management policy be foisted on an unsuspecting public or will ”transparency, consultation and stakeholder participation” be a reality? A draft policy containing those words remains ungazetted while the government looks at prototype pebble-bed nuclear reactors for commercial use.

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/ 24 May 2005

Rugby chief faces sin bin

Minister of Sport and Recreation Makhenkesi Stofile has thrown his weight behind a call by the South African Sports Confederation and Olympic Committee for South African Rugby Union president Brian van Rooyen and other senior figures in the union’s management committee to step down.

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/ 24 May 2005

Kallis, Du Toit honoured in Western Cape

Jacques Kallis was voted the 2004 Sportsman of the Year for the Western Cape Sports Writers’ Association. Kallis was presented with the trophy by Nick Mallet at a function held at the Newlands cricket stadium on Monday evening. The woman’s award went to Natalie du Toit for her performance at the Paralympic Games held in Athens.

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/ 24 May 2005

Manuel shares the good news

Minister of Finance Trevor Manuel has outlined a very favourable picture of South Africa’s economy for the year, pointing to the National Treasury’s expectations of rising gross domestic product growth, low inflation, a very low budget deficit and improving employment trends, as well as continuing strong capital inflows.

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/ 24 May 2005

‘Cape Doctor’ out of hospital

A frail but high-spirited Robbie Jansen was released from Tygerberg hospital’s respiratory unit on Monday afternoon, said his spokesperson Patrick Lee-Thorp. ”He is going into a period of convalescence and is not going to perform anywhere in the near future,” said Lee-Thorp.

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/ 23 May 2005

Parliament announces its moral aspirations

South Africa’s Parliament has a strategic plan that includes the intention of turning the institution into "a beacon of good moral behaviour", according to its secretary, Zingile Dingani. On Monday, journalists asked why it is that parliamentarians are able to remain on as members after being convicted of Travelgate fraud charges.

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/ 23 May 2005

Foschini says it’s not to blame for job losses

It is a mistaken perception that retailers are responsible for the overwhelming job losses in the textile industry, retail group Foschini said on Monday. ”If anything, we have been creating even more employment opportunities — 2000 in the past two years alone — especially for small business and independent contractors,” said Ronnie Stein, financial director of the Foschini Group.

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/ 23 May 2005

SA ‘can’t afford’ basic income grant

The design of the proposed basic income grant is ”fundamentally flawed”, Minister of Finance Trevor Manuel said on Monday. Speaking at the launch in Cape Town of the 2005/6 tax-filing season, he said there is no country in the world that has been able to implement it. The grant will cost South Africa about R89-billion.

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/ 23 May 2005

Bank scam suspect in Scorpions’ hands

An alleged syndicate member linked to the e-mail scam attack against South African banks last week is being questioned by the Scorpions following an intensive investigation by Standard Bank. A ”runner” had been recruited to launder money from customers’ accounts to an Eastern European fraud syndicate.

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/ 23 May 2005

Sars puts out call for tax returns

The South African Revenue Service (Sars) launched its annual tax-filing season on Monday in a bid to encourage the country’s 4,5-million taxpayers to get their returns in by July 8. Speaking at the launch in Cape Town, Minister of Finance Trevor Manuel said this figure includes 2,4-million individual taxpayers.

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/ 23 May 2005

Absa embarks on brand-enhancement drive

Absa, one of South Africa’s "big four" retail banks that will soon be 60% owned by United Kingdom banking giant Barclays, has unveiled a major programme to enhance its brand, called My Bank. Absa said the programme will capitalise on the bank’s well-known pay-off line, "Today, tomorrow, together".

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/ 23 May 2005

Yet another rugby crisis meeting

South African Rugby Union president Brian van Rooyen has called the country’s 14 provincial rugby presidents to an urgent meeting in Johannesburg on Monday, local media reported. The meeting follows disclosures that a dossier has been compiled of alleged irregularities in Van Rooyen’s running of the game, media reports said.

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/ 20 May 2005

Court postpones Richtersveld hearing

The hearing of the Richtersveld community’s multibillion-rand land claim has been postponed to October 25 — and could continue into 2006. Land Claims Court Judge Antonie Gildenhuys, who has been hearing evidence in Cape Town over the past four weeks, said on Friday that seven weeks have been set aside for the October session.

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/ 20 May 2005

DA hits out at minister’s ‘racist tantrum’

The ”racist tantrum” thrown by Deputy Minister of Minerals and Energy Lulu Xingwana in Parliament will hurt black South Africans as much as whites by discouraging investor confidence in the country, Democratic Alliance leader Tony Leon said on Friday. He said it is necessary for all to raise their voices against what Xingwana said.

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/ 20 May 2005

End in sight for SA’s ageing taxis

The Cabinet will finalise the roll-out plan of the taxi-recapitalisation process by the end of next month — but the transport minister has promised that the much-delayed scrapping of currently ageing vehicles ”will commence this financial year”. He was speaking in his Budget vote in an extended public committee on Friday.

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/ 20 May 2005

Momentum makes offer to acquire Sage

Insurance group Momentum, part of the listed FirstRand group, has made an offer of 175 cents per share to acquire all of rival insurer Sage, in a transaction worth R634-million, the companies announced on Friday. If the offer is successful, Sage will be delisted from the JSE Securities Exchange.

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/ 19 May 2005

Dynamos fight to keep their place

Dynamos made certain of keeping their place in the Premier Soccer League when they beat Ajax Cape Town by 3-0 at Newlands Stadium on Wednesday night.
The visitors from Giyani, who were placed 14th before the game, led 2-0 at the interval. Their victory catapults them to 10th spot, with 32 points from 29 matches.

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/ 19 May 2005

A good beer year for SABMiller

The release of global brewing giant SABMiller’s final 2005 results on Thursday have highlighted the continued robust growth in its South African beer business, with Beer South Africa recording a 20% rise in its earnings before interest, tax and amortisation in rand (constant currency) terms.

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/ 18 May 2005

Minister gives update on smart ID cards

South Africa’s proposed ”smart” identity-card plan will receive about R270-million this year, Minister of Home Affairs Nosiviwe Mapisa-Nqakula told parliamentarians on Wednesday. The card is now ”at the final stages for Cabinet’s approval of such a procurement model”, the minister reported.

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/ 18 May 2005

Taxi inquiry hampered by apartheid-era law

An apartheid-era law is causing headaches for a committee set up to investigate the underlying reasons for instability and conflict in the Western Cape minibus taxi industry. The ”problematic area” relates to Ordinance 13 of 1978, which stipulates that the proceedings of such committees should not be open to the public.

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/ 18 May 2005

Mbeki concerned about African air safety

South African President Thabo Mbeki has told African transport ministers that he is "concerned" about the high concentration of air-traffic accidents on the continent. He was speaking at the opening ceremony on Wednesday of a summit of African Union ministers responsible for air transport and aviation being held in South Africa.

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/ 18 May 2005

BEE initiative could help save Rex Trueform

A black economic empowerment (BEE) consortium is to be set up in a bid to save the embattled Rex Trueform clothing company, Western Cape Premier Ebrahim Rasool said on Tuesday. This follows talks between textile-factory owners and trade-union leaders on ways to avert the closure of a Rex Trueform plant outside Cape Town.