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/ 15 January 2004

Rosy start of year for New Clicks

Listed health and beauty retailer New Clicks Holdings has reported an 11% rise in its sales for the four months from September 1 to December 31 2003, compared with the year-earlier period. The New Clicks group includes the store brands Clicks, Discom, Musica, CD Wherehouse and The Body Shop.

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/ 15 January 2004

Dutch police join hunt for missing student

Police from the Netherlands joined a manhunt in South Africa on Wednesday for a 24-year-old Dutch woman who went missing shortly after Christmas. The Dutch detectives were assisting in the search for exchange student Marleen Konings, who had been due to meet a friend in Cape Town on December 28, but did not arrive at the rendezvous.

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/ 14 January 2004

ANC aims for the top in Western Cape

The African National Congress leadership in the Western Cape said on Wednesday it is aiming for a 51% majority in the forthcoming election, irrespective of a coalition agreement between itself and the New National Party. ANC provincial chairperson Ebrahim Rasool said his party has no ”election pact” with the NNP.

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/ 14 January 2004

Thousands of W Cape voters still need IDs

The issue of identity documents is a cause of concern for election authorities in the Western Cape, with many prisoners eligible to vote lacking them, and thousands of documents remaining uncollected at the home affairs department. The Independent Electoral Commission on Wednesday started registering inmates in the region.

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/ 12 January 2004

De Lille: SA economy not well-managed

South Africa’s ruling African National Congress cannot claim to have a well-managed economy in place although economic fundamentals on a macro-level have improved, says opposition Independent Democrats leader Patricia de Lille, reacting in a statement to the weekend ruling party’s election campaign launch.

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/ 12 January 2004

IFP: ‘We will bring hope’

South Africa’s largest opposition party, the Inkatha Freedom Party, will launch its national election campaign in Durban, KwaZulu-Natal, on Sunday January 18. The pro-free-enterprise party is expected to underscore the importance of fast-tracking privatisation of state-owned enterprises.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29555">DA eyes KZN, Western Cape</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29493">ANC kicks off election battle</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=29547">SA economy ‘not well-managed'</a>

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/ 8 January 2004

Fears about SA impact of Zim banking crisis

An inquiry must be launched into the impact the Zimbabwean banking crisis will have on South African banks that have major equity stakes or subsidiaries active in Zimbabwe, the Democratic Alliance said. ”Minister [Trevor] Manuel must break his silence on the economic consequences of quiet diplomacy,” a DA spokesperson said.

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/ 8 January 2004

Woolworths shares lose ground

Shares in South African retailer Woolworths lost ground in morning trade on Thursday after the group released a trading update for the six months to July showing a disappointing performance from its Australian subsidiary and slightly softer-than-expected sales for the Christmas period.

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/ 7 January 2004

‘Shark-baiter’ was trying to save lives

The man at the centre of a Western Cape shark-baiting controversy on Wednesday explained his motives and actions in a letter to a local newspaper, saying they were misunderstood by the public. ”My motive and intention was to attract the large white shark out to the open sea away from the beach area,” he said.

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/ 7 January 2004

Truworths takes over YDE

Listed fashion retailer Truworths International has concluded an agreement to acquire a controlling stake in Young Designers Emporium (YDE) for an undisclosed sum, with effect from December 1 2003. The YDE chain has 10 stores across South Africa in the country’s premier shopping malls, as well as a factory shop outlet.

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/ 7 January 2004

‘Landmark’ ruling for franchise industry

There were scenes of jubilation and tears of joy on the steps of the Cape High Court on Wednesday when a group of Seven-11 franchisees celebrated a judgement effectively holding the mother corporation liable for about R50-million in claims. The case was described as a ”landmark” for the South African franchise industry.

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/ 6 January 2004

Stability ahead for South Africa

Economists are predicting that this election year will be a stable one, with the rand/dollar exchange rate hovering between R6 and R8, and the interest rate remaining steady. Standard Bank economist Monica Ambrosi said on Tuesday the rand would end the year on an annual average of R6,60 to .

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/ 30 December 2003

Matric pass rate shoots above 70%

South Africa’s 2003 national matriculation pass rate has improved by 4,4% to a total of 73,3%, Education Minister Kader Asmal announced on Tuesday, up from 68,9% in 2002, 61,7% in 2001 and only 48,9% in 1999. Asmal said the results ”clearly show that the tide has turned” for South Africa’s education system.

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/ 30 December 2003

KWV exports higher, but rand bites

KWV International, the export subsidiary of KWV Ltd, one of South Africa’s largest producers of wine and spirits, has continued to see its export volumes grow in the first half of its financial year, but financially the strong rand is having a negative impact on the group, according to managing director Vernon Davis.

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/ 24 December 2003

Investment performance survey released

Risk, auditing and financial services consulting group RisCura has released the results of its monthly investment performance survey, RisCView, to the end of November 2003. The surveys assess the risk and performance of retirement fund products offered by the largest fund managers in the local South African market.

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/ 23 December 2003

From the dissection table to the coffee table

Frogs. Most of us have caught them, some of us even reared them from their infant tadpole stage in glass containers, only to crudely dissect them on tables. A comprehensive frog atlas compiled by the University of Cape Town’s avian unit is currently at the printers and sounds a warning to all frog lovers of the dire straits these amphibians are in.

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/ 19 December 2003

Mbeki praised, criticised on Zimbabwe

The Democratic Alliance on Friday criticised President Thabo Mbeki for his continued stance of ”appeasement” towards Zimbabwean President Robert Mugabe. However, Anglican Archbishop of Cape Town Njongonkulu Ndungane took an opposite view and congratulated Mbeki on his new initiative.

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/ 18 December 2003

DA: ‘Read riot act to Mugabe’

President Thabo Mbeki needs to ”talk straight and hard” with his Zimbabwean counterpart, Robert Mugabe, during his current visit to that country, the Democratic Alliance said on Thursday. ”The suffering people of Zimbabwe are looking to South Africa to come to their rescue,” said a DA spokesperson.