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/ 20 February 2008
Over R10-billion will be spent on strengthening the police force and judiciary over the next three years, Finance Minister Trevor Manuel said in his budget speech on Wednesday. There would be more than 200Â 000 police officers by the end of March 2011, up 22% from the 163Â 000 police officers in 2006/07.
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/ 20 February 2008
Finance Minister Trevor Manuel on Wednesday dismissed suggestions that recent political developments within the African National Congress (ANC) made the drafting of the 2008 budget difficult. "I never had any concerns on whether there will be difficulties in these areas," he said.
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/ 20 February 2008
South Africa’s current account increased to 7,2% of gross domestic product in 2007 and will rise to 8% by 2010, as imports soar and export growth remains sluggish, the Treasury said on Wednesday. The Treasury said the current account had shifted from a surplus of R10-billion in 2002 to a deficit of R143-billion in 2007.
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/ 20 February 2008
Finance Minister Trevor Manuel’s 2008/09 national budget tabled in Parliament on Wednesday brings tax relief, reduced corporate taxes, financial support for Eskom’s programme to build power stations, a new electricity levy, more social spending and a boost for job creation.
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/ 20 February 2008
The government will fund embattled electricity producer Eskom to the tune of R60-billion over the next five years, according to national budget documents tabled by Finance Minister Trevor Manuel on Wednesday. At the same time, it will introduce a levy in a bid to get consumers to save electricity.
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/ 20 February 2008
Despite global economic turmoil, South Africa’s economy remains robust and the longer-term outlook favourable, Finance Minister Trevor Manuel said on Wednesday. "It is time for neither gloom nor panic," he said in his 2008/09 budget speech to the National Assembly.
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/ 20 February 2008
African Rainbow Minerals (ARM), South Africa’s second-largest black-owned mining group, said first-half earnings rose 34% as it enjoyed booming commodity prices and achieved record output. ARM said headline earnings per share climbed to 353 cents in the latter half of 2007.
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/ 20 February 2008
Eskom is not as concerned about the domestic availability of sufficient coal as it is with the speed at which it could be mined, <i>Business Day</i> reported on Wednesday. The national power utility is also worried about logistical problems in transporting the coal to power stations.
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/ 20 February 2008
The first microbicide to reach the final phase of testing has failed to prevent HIV transmission, researchers announced this week.
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/ 20 February 2008
Former Absa CEO and chairperson Dr Danie Cronje has been appointed as the independent non-executive chairperson of Sappi, the global pulp and paper group announced on Wednesday. He succeeds Eugene van As, whose impending retirement as chairperson and from the board was announced earlier.
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/ 20 February 2008
Classes were still suspended at three Tshwane University of Technology (TUT) campuses on Wednesday amid meetings to resolve matters, said a university spokesperson. The university suspended all lectures on all three campuses on Tuesday following ongoing violent protests over fee hikes and academic exclusion.
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/ 20 February 2008
The JSE recovered some of its earlier losses by midday on Wednesday, as gold and resource stocks started to lift the market despite the negative global sentiment. Higher oil prices overnight spurred inflation worries among world markets, after oil closed above $100, prompting a global sell off in equities.
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/ 20 February 2008
The Western Cape anti-eviction campaign said about 1 000 people were occupying Delft’s Symphony Road on Wednesday and would remain there until their appeal for housing was lodged in the Supreme Court, hopefully later in the day.
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/ 20 February 2008
Port Elizabeth’s wandering baboon spotted at Fort Frederick last week is still roaming around the city’s suburbs, a media report said on Wednesday. Wildlife rescue specialist Mark Marshall said the frightened animal was now probably holed up on the Port Elizabeth golf course.
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/ 20 February 2008
An armed robber was convicted on Tuesday of the murders of a fellow gang member and a businessman who shot each other during a R20 000 robbery in Pietermaritzburg. Judge Ron McLaren convicted Cato Ridge gangster John Ndawonde (35) — who pleaded guilty to the aggravated robbery of well-known vintner De Wet Joubert (64).
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/ 20 February 2008
A group of Nobel laureates called on Wednesday for an arms embargo against Burma, dismissing elections planned for 2010 as flawed if pro-democracy icon Aung San Suu Kyi is barred from standing. Seven laureates, including Tibet’s exiled spiritual leader the Dalai Lama and South Africa’s Archbishop Desmond Tutu, said the junta should face sanctions for its crackdown on Buddhist monks.
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/ 20 February 2008
South Africa is sitting on gold, platinum and other minerals that are selling at record prices on world markets, yet its economy is, quite literally, underpowered. The rand, the worst performing currency this year, has lost 12% against the dollar in the past month since the country was hit with electricity shortages that kept mines from working.
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/ 20 February 2008
Finance Minister Trevor Manuel has delivered what he terms a "can do" budget that aims to put the doomsayers and naysayers at rest by boosting infrastructure and people. Manuel noted that this was important or else the doomsayers and naysayers would simply "take control".
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/ 19 February 2008
The Congress of South African Trade Unions (Cosatu) has wished Fidel Castro a long and happy retirement following the Cuban leader’s decision not to return to office as president. ”Comrade Fidel holds a special place in South African hearts because of his decision to deploy thousands of soldiers to help our African liberation struggles,” sais the trade union.
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/ 19 February 2008
Outrage mounted on Tuesday over an attack on a young woman at the Noord Street taxi rank in Johannesburg for wearing a miniskirt. Nwabisa Ngcukana (25) was humiliated when taxi drivers and hawkers at the rank tore off her clothes and said she was being taught a lesson for wearing a miniskirt.
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/ 19 February 2008
The Annestacia Wiese murder trial was postponed on Tuesday for the Cape High Court to rule on an application that the Department of Health provide an expert to testify about the accused’s state of mind. Murder accused Richard Engelbrecht has pleaded guilty to the rape and murder of the 11-year-old Wiese.
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/ 19 February 2008
The National Lotteries Board has ordered Vodacom to stop its win-a-BMW competition. ”The board is satisfied that it has done its duty in policing and stopping the illegal lottery,” the board said in a statement on Tuesday. It said Vodacom was instructed on Monday to cease the competition.
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/ 19 February 2008
Seven people were injured on Tuesday when riot-squad officers fired rubber bullets and stun grenades at squatters resisting eviction from a housing project in Delft near Cape Town, South African police said. The violence erupted as several hundred squatters tried to prevent contractors from loading their scant belongings on to removal trucks.
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/ 19 February 2008
Geraldine Pillay, who appeared to be in prime condition, and some of South Africa’s other top athletes were visibly excited and more than happy on Tuesday to share their goals and expectations ahead of the fourth Yellow Pages Series meeting at Germiston on Friday night.
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/ 19 February 2008
The African National Congress (ANC) on Tuesday congratulated the Springboks for winning the Laureus World Team of the Year award. ”With this prestigious award, they have once more shown that South Africa is a force to be reckoned with, and that we can take on the best of what the sporting world has to offer and come out on top,” the ANC said.
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/ 19 February 2008
The application of fuel-cell systems is an exciting emerging trend that may offer future solutions to the world’s energy problems, a conference heard on Tuesday. This is according to Vladimir Linkov of the University of the Western Cape, who addressed the South African Institute of Electrical Engineers’ power-generation conference.
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/ 19 February 2008
Media reports of a row over an ”inferior” contract the South African Rugby Union purportedly offered new Springbok coach Peter de Villiers were unfounded, his agent said on Tuesday. Rian Oberholzer said his client’s contract is still being negotiated. ”There is no sensational new development,” he said.
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/ 19 February 2008
The City of Johannesburg cannot evict inner-city tenants living in central Johannesburg unless adequate alternative accommodation is provided, the Constitutional Court ruled on Tuesday. ”Potential homelessness must be considered by a city when it decides whether to evict people from buildings,” said the court.
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/ 19 February 2008
Persian Gulf countries may enlist South African expertise in their plans to develop nuclear technology for peaceful purposes, Kuwait’s Foreign Minister said on Tuesday. Mohamed Sabah al-Salem al-Sabah was speaking after talks in Cape Town with his South African counterpart, Nkosazana Dlamini-Zuma.
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/ 19 February 2008
Classes at all the Tshwane University of Technology’s campuses were suspended amid student protests on Tuesday, authorities said. ”The decision was taken due to the prevailing atmosphere on campus and the potential for violent clashes between striking and non-striking students,” vice-chancellor Errol Tyobeka said.
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/ 19 February 2008
Tourists spent an estimated R2,5-billion in KwaZulu-Natal during the festive season, while more than 1,4-million foreign tourists visited the province during 2007, the province’s arts, culture and tourism minister said on Tuesday. During the year, hotels in the province reported an average occupancy rate of 71,3%.
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/ 19 February 2008
The South African Communist Party (SACP) bade Cuban President Fidel Castro farewell after he left office on Tuesday. The ailing Cuban leader said he will not return to lead the country as president or commander-in-chief, retiring as head of state 49 years after he seized power in an armed revolution.