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/ 26 January 2008

Mines wake to power ‘nightmare’

The ”nightmare” of South Africa’s major gold, platinum and diamond mines shutting down because of power failures became a reality on Friday. ”Tens of millions of rands a day are being lost. It’s a nightmare,” said T-sec chief economist Mike Schussler. The JSE gold mining sub-sector closed almost 6% lower on Friday. The move contributed to the gold price rising.

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/ 21 November 2007

New political-offence pardons welcomed

President Thabo Mbeki’s announcement on Wednesday of a ”window of opportunity” for people convicted of alleged political offences before June 16 1999 has been warmly welcomed by most political parties. Pan Africanist Congress leader Motsoko Pheko hailed Mbeki’s announcement as an act of courage against odds.

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/ 8 November 2007

Zuma’s future hinges on NPA’s next move

With just more than a month to the African National Congress presidential election, Jacob Zuma will be waiting to see whether the National Prosecuting Authority will recharge him for corruption. Court rulings on Thursday clarified the status of searches and documents related to the investigation against him concerning alleged corruption in the arms deal.

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/ 30 October 2007

Cautious thumbs-up for Manuel’s budget

Finance Minister Trevor Manuel’s 2007 Medium-Term Budget Policy Statement has received a cautious thumbs-up from some opposition parties. Tabling the budget in the National Assembly on Tuesday, he announced that almost R81,5-billion was to be added to the government’s projected spending over the next three years, bringing spending growth to 6,4% a year in real terms.

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/ 24 October 2007

ANC mulls idea of media tribunal

The African National Congress (ANC) wants to consider setting up a media tribunal to discuss how participation of the public is juxtaposed with current self-regulation in the media. ”It’s not a policy position, we just want to set up a task team to investigate this,” ANC information head Smuts Ngonyama said on Wednesday.

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/ 21 October 2007

Rainbow nation explodes in joy

South Africa exploded on Saturday night, the final whistle in the World Cup bringing the rainbow nation on to the streets in the time it takes to lift the Webb Ellis trophy. ”The country needs this,” shouted fan Evan Rice. ”Last time, in 1995, we were on the crest of the wave. Now, though, this is better.”

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/ 16 October 2007

Lekota defends Pikoli’s suspension

African National Congress chairperson Mosiuoa Lekota in the National Assembly on Tuesday defended the decision to suspend National Director of Public Prosecutions Vusi Pikoli, as well as the police probe into the alleged theft of Health Minister Manto Tshabalala-Msimang’s health records.

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/ 14 September 2007

FF+ and FA join forces

The Freedom Front Plus (FF+) and Louis Luyt’s minuscule Federal Alliance (FA) have amalgamated, party leaders announced on Friday. At the same time, Luyt also announced his retirement from active politics at the end of September. Luyt and FF+ leader Pieter Mulder agreed that greater cooperation between opposition parties was the only way to challenge the African National Congress.