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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.

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/ 17 December 2003

Mbeki set to meet with Mugabe

President Thabo Mbeki will travel to Harare on Thursday to meet with President Robert Mugabe on Zimbabwe’s ongoing political and economic crisis. Presidential spokesperson Bheki Khumalo has confirmed Mbeki’s visit but stressed that South Africa will not harden its stance on Zimbabwe.

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/ 17 December 2003

Low airline capacity hurts SA tourism

South Africa’s tourism industry is currently under pressure from a number of negative factors, the most significant of which is the lack of airline capacity, according to Helder Pereira, managing director of Southern Sun hotels. However, Pereira believes South Africa’s outlook for the peak season and into 2004 remains good.

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/ 17 December 2003

Crisis talks for Cape canning industry

Representatives of the fruit and vegetable canning industry meet organised labour for talks on Thursday as the threat of layoffs looms large in the Western Cape. This follows an announcement that a task team has been set up to find ways of dealing with the growing crisis in the deciduous fruit industry in the province.

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/ 16 December 2003

‘Everybody is suspicious in South Africa’

Thousands of penguins on the rocky shores of Robben Island let the visitor for a moment forget that the island is a symbol of all the horrors of apartheid and as renowned as Alcatraz in the bay of San Francisco. Tourists can take a ferry from Cape Town to Robben Island, the prison where Nelson Mandela and the elite of the anti-apartheid struggle were incarcerated.

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/ 15 December 2003

Tutu peace centre to be built in Cape Town

Saddam Hussein, captured on Sunday, should be brought before the international crime court, Nobel peace laureate Desmond Tutu said on Monday. ”[I] hope that all of those involved will respect international law … [they] have to accept the principle of until found guilty … you have to assume that he is innocent,” Tutu said.

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/ 15 December 2003

IDC project funding up by 26%

The Industrial Development Corporation (IDC), South Africa’s government-owned development financing institution focused on providing funding for a broad range of projects, has approved funding for new projects totalling R6,2-billion in its financial year to the end of June 2003, a 26% increase from the previous year.

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/ 15 December 2003

Hot property in Richards Bay

Boosted largely by ongoing expansion of the harbour and a number of major businesses in the area, the residential property market in Richards Bay in KwaZulu-Natal is experiencing strong demand, according to Pam Golding Properties. Growth has resulted in an influx of new employees and a constant stream of contractors.

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/ 15 December 2003

Zumas talk Chinese trade in Ethiopia

South African Deputy President Jacob Zuma and Minister of Foreign Affairs Nkosazana Dlamini-Zuma are in Addis Ababa, Ethiopia, attending the China-Africa Cooperation Forum. The forum seeks to build common ground on ways to advance the interests of the developing world in the international political and economic system.

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/ 12 December 2003

DA: ‘Mbeki has lost the plot’

While President Thabo Mbeki on Friday lashed out at the Commonwealth’s failure to address the root cause of Zimbabwe’s political and economic crisis, the Democratic Alliance says he has ”completely lost the plot”. A DA spokesperson said Mbeki’s views are a disgusting defence of a disgraceful tyrant.

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/ 12 December 2003

T-shirt company wins latest court battle

The satirical Cape Town T-shirt company Laugh It Off (LIO) has won the latest round of its court battle with multinational beer giant SABMiller. Cape High Court Judge Roger Cleaver on Friday rejected with costs a bid by SABMIller to force LIO to put up R350 000 in security ahead of an appeal court case expected to be heard in 2004.

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/ 12 December 2003

Mbeki lashes out about Zimbabwe

President Thabo Mbeki has lashed out at the Commonwealth for failing to address the land question in Zimbabwe — the root cause of the Southern African country’s current turmoil. Mbeki said that except when used to highlight the plight of the white farmer, the land issue is no longer discussed.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=28549">DA: ‘Mbeki has lost the plot'</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=28486">Mugabe’s defeat is Mbeki’s, too</a>

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/ 12 December 2003

Edcon buys Boardmans for R94-million

Listed retailer Edgars Consolidated Stores (Edcon), already South Africa’s largest retail group by turnover, has acquired the business of Boardmans from fellow retailer Pick ‘n Pay for approximately R94-million. It is the second major acquisition by Edcon in 2003, following its purchase of more than 100 CNA stores.

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/ 11 December 2003

T-shirt jokers back in court

Cape Town T-shirt company Laugh It Off was back in court on Thursday, fighting a demand that it put up security for its coming Supreme Court of Appeal hearing. Laugh It Off is challenging a Cape High Court ruling earlier this year that one of its satirical T-shirts infringed the Black Label trademark of beer giant SABMiller.

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/ 11 December 2003

Fish River Sun plans sale to Pam Golding

Sun International, one of South Africa’s largest listed hotel and gaming groups, is planning a significant expansion of its Fish River Sun resort in the Eastern Cape, including the sale of some of the property by Pam Golding Properties, in a project that will represent sizeable investment for the region.