With many South Africans facing the difficulty of having to commute every day using public transport or taxis, a local motor manufacturer has come up with an innovative plan to make it possible for low-income earners to have their own wheels. Honda South Africa and Sondombili Solutions have introduced the Honda Cub scooter, which is renowned for its low fuel consumption and its reliable design.
Global resources group Anglo American saw 49 fatalities at its managed operations worldwide during its 2004 financial year, up from 44 deaths in the group’s previous financial year, Anglo chairperson Mark Moody-Stuart said in the group’s 2004 annual report.
While telecommunications group Telkom’s spending on black economic empowerment (BEE) entities rose to R4,6-billion rand in 2004 — more than five times the R838-million spent on empowerment suppliers in 1998, Telkom CEO Sizwe Nxasana said the group wants to spend more on BEE firms in the future.
African media group Primedia on Tuesday reported a 34,4% increase in headline earnings per share for the six months ended in December 2004 to 43 cents from 32 cents a year earlier. The group increased its interim distribution per share by 40,1% to 22 cents from 15,7 cents a year ago.
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/ 24 February 2005
African Oxygen Limited (Afrox) is presently spearheading more than 40 growth projects, one of which is a R100-million re-engineering of its gases operations centre in Germiston on the East Rand. These projects cover organic growth as well as new greenfield’s projects and acquisitions.
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/ 17 January 2005
The South African Reserve Bank on Monday launched banknotes with improved security features which will go into circulation from February 1. The new banknotes will retain the "big five" animal motif on the front and the economic sector themes on the back. There will, however, be some design changes.
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/ 13 December 2004
Dual-listed media and entertainment group Naspers announced on Monday that its subsidiary MIH will invest in the soon-to-be listed Beijing Media Corporation, a marketing and advertising sales vehicle for print media in China. MIH will buy 9,9% in the initial public offering of BMC, which will be floated on the Hong Kong Stock Exchange on December 22.
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/ 13 September 2004
Dual-listed telecommunications group Telkom on Monday announced the repurchase of 22,257-million Telkom ordinary shares — or 4% of issued ordinary shares — through the order book operated by the JSE Securities Exchange South Africa.
The finalists of the 2004 Businesswoman of the Year Award were announced by the Businesswomen’s Association late on Wednesday night. This year’s candidates represent the hospitality, financial services, IT and advertising industries. The winner of the award will be announced on August 25.
The South African rand is starting to behave more like a commodity currency than an emerging market currency and can no longer relied on as a one-way bet, a survey conducted by global auditing and business advisory firm Ernst & Young’s Centre for Business Knowledge has found.
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/ 17 October 2003
The Tobacco Institute of South Africa (Tisa) says it is "highly surprised" that the Tobacco Bill will be published on Friday without even the least form of consultation. "Although we have not studied the bill, it appears from the Health Department’s statement that it does not only contain a few minor changes," said Tisa CEO Francois van der Merwe.
Andisa Capital, the empowerment focused financial services company formed in association with Standard Bank, was officially launched on Friday. Andisa will be Standard Bank’s empowerment partner of choice in relevant areas of investment banking.
Medu Capital, a majority black owned and managed investment management company founded by Phares Mkwanazi and Ernest January, launched on Tuesday with R250-million of private equity capital earmarked for investment.
The National Union of Metalworkers of South Africa (Numsa) and the Steel Engineering Industry Federation of South Africa (Seifsa) started another round of crucial wage talks on Tuesday.
The South African rand was off the day’s best levels just before noon on Monday , but remained firmer than it was on Friday.
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/ 23 February 2003
There are unlikely to be many tears shed for Tony Yengeni when he gets his comeuppance in the next month. For he is surely one of the most despicable people ever to have entered our public life and the sooner he is removed from our sight, the easier it will be to hold down our breakfast
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/ 18 February 2003
South African airline Comair on Monday reported a 38% fall in attributable earnings of R13,4-million for the six months ended December 31 from R21,5-million in the same period a year ago.
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/ 18 February 2003
M-Net and Supersport shareholders have given the green light to the distribution of the 11 386-million Naspers (NPN) shares held by Supersport and a cash distribution of R37,5-million from SuperSport and R37,5-million from M-Net, by way of a capital reduction.
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/ 14 February 2003
Gold stocks were off to a strong start on the JSE Securities Exchange South Africa (JSE) on Friday, buoyed by a better bullion price and a strong performance by the ADRs in the US overnight. However, overall the market was flat, with the firmer currency doing little to help heavyweight dual-listed stocks.
Deputy President Jacob Zuma should not resign but rather submit to an investigation to clear his name and allow the law to "run its course without any interference", the Democratic Alliance (DA) said in a statement on Monday.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?a=11&o=12849">Zuma denies bribery allegations</a><br>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?a=59&o=12740">Scorpions probe Jacob Zuma</a><br>
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/ 29 November 2001
Belgian brewer Interbrew said on Wednesday it had carried out an initial study of its rival South African Breweries but added that the parties had not discussed a possible Interbrew takeover. An Interbrew statement said the company had conducted a “preliminary analysis” that it described as a routine practice to assess global brewing groups. It […]
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/ 19 October 2001
A DISTRAUGHT Eastern Cape family is suing the provincial blood transfusion service and a doctor at a public hospital after their child was allegedly given a transfusion without their consent – and the blood was contaminated with HIV. The family’s lawyer, Bantu Njamela, claims the one-year-old child was infected with the virus after a blood […]
FORMER SAA chief executive Coleman Andrews has come out swinging, accusing Minister of Public Enterprises Jeff Radebe of inaccuracy in his pronouncements on his salary package and tenure at the airline. “…Reading through the news release of June 13 2001 by the minister of public enterprises on the controversy surrounding SAA, I was struck by […]
WOUTER Basson, dubbed ?Dr Death? was on Monday acquitted on 15 out of 61 charges ranging from murder and fraud to drug trafficking. Basson will still have to answer to 46 other charges ranging from murder and fraud. Basson was acquitted during a brief hearing on Monday in the Pretoria High Court and the judge […]
AN angry snub by President Thabo Mbeki, who put his hand in the face of Winnie Madikizela-Mandela when she tried to greet him at a Youth Day celebration this weekend was on Sunday slammed by opposition parties. The incident happened at Soweto’s Orlando Stadium, southwest of Johannesburg, on Saturday where Mbeki was due to address […]
SOUTH African Communications Minister Ivy Matsepe-Casaburri said that the country’s final telecoms policy plan would be released within weeks and would be little changed from a draft plan. “I don’t think we will have a very great, fundamental difference,” Matsepe-Casaburri told reporters. The minister said the government was looking at all public submissions on the […]
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/ 26 January 2001
PRESIDENT Thabo Mbeki has given the go-ahead for South Africa to begin implementing a massive programme to provide free anti-retrovirals and milk powder to HIV-positive pregnant women to retard the transmission of the virus to babies. In a dramatic move, the government, while not officially changing its policy stance on the treatment of HIV/Aids, is […]
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/ 30 October 1998
Watching Saturday’s Currie Cup rugby final between Western Province and the Blue Bulls at Loftus Versfeld in Pretoria is sure to leave one with the feeling of just alighting from a time machine. The Bulls, or Northern Transvaal as they were then called, and Province last sized each other up in a Currie Cup final […]