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/ 20 March 2008

MPs: Travel needs of disabled not being attended to

African National Congress (ANC) MPs with disabilities have threatened to embark on protests if the quality of service rendered to disabled people at South African airports is not improved. Briefing the media on Thursday, ANC MP Maxwell Moss said the Airports Company South Africa, as well as airlines, had failed to attend to the needs of disabled passengers.

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/ 20 March 2008

McBride ‘a liar’, court hears

A third state witness, testifying in the Pretoria Regional Court on Thursday, described his former boss, Ekurhuleni metro police chief Robert McBride, as ”the mafia” and ”a liar”. Former metro police officer Patrick Johnston also said McBride was someone he was afraid of.

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/ 20 March 2008

SA to send 55 observers to Zim elections

South Africa will send a delegation of 55 observers to Zimbabwe’s general elections, the government said in Cape Town on Thursday. ”The South African contingent will comprise representatives from civil society, business, religious leaders, members of Parliament and government officials,” spokesperson Themba Maseko told journalists.

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/ 20 March 2008

Poor to be shielded from power hikes

Low-income households and small-to-medium enterprises will be shielded from proposed electricity tariff hikes of up to 60%, the government said on Thursday. A differentiated tariff structure would be put in place to ensure that these sectors of society were protected, government spokesperson Themba Maseko told journalists in Cape Town.

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/ 20 March 2008

Titans take domestic limited-overs title

Excellent batting and bowling took the Titans to a well-deserved 38-run victory over the Warriors in the final of the MTN domestic championship at SuperSport Park on Wednesday. Put in to bat by the Warriors, the Titans scored an impressive 269-6 — the highest total in any match in the championship this season.

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/ 20 March 2008

Ajax stumble against Stars

Ajax Cape Town dropped two points as they were held to a 1-1 draw by a stubborn Platinum Stars side in an Absa Premiership clash at the Athlone Stadium on Wednesday night. Ajax started the game well and had an early chance when Russell Mwafulirwa fired in a volley from the edge of the area, which drew a good save out of Stars keeper Wayne Sandilands.

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/ 20 March 2008

City Lodge concludes R485m BEE deal

JSE-listed City Lodge Hotels has concluded a broad-based black economic empowerment (BEE) transaction including its employees, the University of Johannesburg’s school of tourism and hospitality and black-controlled investment company Vuwa Investments, the company said late on Wednesday.

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/ 20 March 2008

Govt backs proposed Eskom tariff hike

The government supports Eskom’s bid for a 53% tariff increase, the Public Enterprises Department said on Wednesday. It explained the price hike the parastatal has requested from the National Energy Regulator of South Africa will constitute ”essential cash flow” to allow Eskom to deal with the rising costs of fuel and diesel.

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/ 20 March 2008

A diamond deal for Africa

Last week’s launch of the Diamond Trading Company Botswana represents a dramatic change in beneficiation processes that come from the global diamond trade. The 50:50 partnership between the Botswana government and De Beers will see Botswana become one of the world’s most advanced sorting and valuing operations.

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/ 20 March 2008

Eskom adds to Tito’s woes

Eskom’s application to the national energy regulator for a 53% hike in electricity prices could well have been an application to Reserve Bank boss Tito Mboweni for yet another interest-rate hike. Experts estimate that, if granted, Eskom’s request to the National Energy Regulator of South Africa could hike the annual rate of inflation by at least 2%.

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/ 19 March 2008

Sundowns hammer Leopards

Mamelodi Sundowns ensured that Limpopo-based Black Leopards remained deep in the relegation zone when they hammered them 3-0 in a fast, entertaining Absa Premiership game at Thohoyandou Stadium on Wednesday afternoon. There was no score at half-time.

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/ 19 March 2008

Outrage at proposed Eskom tariff hikes

Political parties and union leaders were outraged on Wednesday over Eskom’s proposed tariff hike of 53% and the devastating effect it would have on the country. The Congress of South African Trade Unions said it was absolutely horrified at the proposal and demanded an extended consultation process on Eskom’s latest plans.

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/ 19 March 2008

Zuma needs more than charm to calm unease

A charm offensive by Jacob Zuma may not be enough to dispel deep investor anxiety over whether he will be able to take charge of Africa’s biggest economy, even though he has won over some doubters. Since unseating President Thabo Mbeki as leader of the ruling African National Congress in December, Zuma has moved to consolidate his power.

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/ 19 March 2008

Monde in as selection row continues

Monde Zondeki was on Wednesday named as the replacement for fellow fast bowler Charl Langeveldt as the controversy over South Africa’s selection policy continued. Andre Nel, who was controversially left out for Langeveldt to conform with Cricket South Africa’s transformation policy, was again overlooked.

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/ 19 March 2008

Taxi industry puts recapitalisation on hold

The taxi industry on Wednesday placed ”on hold” its participation in the government’s programme to replace old, unsafe taxis with safer vehicles. The South African National Taxi Council said it would not continue with the multibillion-rand taxi-recapitalisation programme as long as its concerns were not addressed.

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/ 19 March 2008

Manuel: We will weather the storm

South Africa is well positioned to weather the current global economic turmoil, Finance Minister Trevor Manuel said on Wednesday. While a difficult set of challenges lay ahead, he was confident that ”our ship is strong [and] that we will weather the present storms that are raging worldwide”, he told the National Assembly.

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/ 19 March 2008

Govt sticking to policy of inflation targeting

The government will not abandon its inflation-targeting policy of between 3% and 6%, Finance Minister Trevor Manuel said on Wednesday. ”Our adoption of inflation targeting in the late 1990s has enabled our economy to grow and to become more competitive,” he told the National Assembly. ”We cannot, at the first signs of stress, abandon our anchor,” Manuel said.

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/ 19 March 2008

Crisis averted but SA faces more power cuts

South Africa’s power situation has improved after a two-day crisis that threatened supplies to mines, state electricity firm Eskom said on Wednesday, but rolling cuts are set to continue. Eskom has been struggling to contain South Africa’s power crisis, the result of years of underspending on electricity generation capacity.

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/ 19 March 2008

McBride victimised me, former metro cop tells court

A former metro police officer told the Pretoria Regional Court on Wednesday how he had been victimised by Ekurhuleni metro police chief Robert McBride. Patrick Johnston was testifying in McBride’s drunken-driving trial. Speaking in Afrikaans, Johnston told the court how he had been victimised by McBride and how his boss had sworn at him on several occasions.

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/ 19 March 2008

Mboweni warns on growth, inflation

South Africa’s economy will slow in 2008 although local banks are coping well and there is no cause for alarm, Reserve Bank Governor Tito Mboweni said on Wednesday. He also said a weaker rand currency would, over time, help to narrow the current-account deficit — which stood at a hefty 7,5% of gross domestic product in the fourth quarter of 2007.

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/ 19 March 2008

SAHRC: Stamp out police brutality

Police brutality in South Africa needs to be stamped out, the South African Human Rights Commission (SARHC) said on Wednesday. The SAHRC was referring to recent raids by police on Stellenbosch night spots as well as on the Central Methodist Church in Johannesburg. In the raids, police allegedly assaulted a number of immigrants and patrons.

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/ 19 March 2008

Current-account deficit shrinks

South Africa recorded a current-account deficit of 7,5% of GDP in the fourth quarter of 2007 from 8,1% previously, the South African Reserve Bank (SARB) said on Wednesday. Governor Tito Mboweni said that the deficit on the current account was more than fully financed through inflows of financial capital, and the SARB continued to build up international reserves.

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/ 19 March 2008

Fed’s rate decision buoys market

The JSE remained in the black by noon on Wednesday, with a trader explaining that the United States Federal Reserve’s rate cut was adding buoyancy to the market. "The Fed’s rate decision, which saw rates decline from 3% to 2,25%, is still adding buoyancy to the JSE," he said.

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/ 19 March 2008

Standard Bank ‘delighted’ with awards

Standard Bank has been selected as the best emerging-market bank in Africa, as well as in South Africa, in the annual <i>Global Finance</i> magazine’s <i>Best Emerging Market Banks in Africa</i> survey. In addition, Standard Bank Namibia and Stanbic Bank Uganda won top honours in their respective countries.

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/ 19 March 2008

Langeveldt pulls out of India tour

South Africa fast bowler Charl Langeveldt withdrew on Tuesday from next month’s tour to India after his selection had caused controversy. Langeveldt, who is black, was included in the squad earlier this month ahead of the white Andre Nel in accordance with Cricket South Africa’s racial transformation policy.