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/ 23 October 2003

Mbeki urged not to sign new postal law

Democratic Alliance MP Vincent Gore confirmed on Thursday that he had sent a letter to President Thabo Mbeki requesting him not to sign the Postal Services Amendment Bill into law. The party — mirroring courier industry complaints — says that the Bill could affect the business of couriers in the under-1kg parcel and letter market.

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/ 23 October 2003

Telkom defeated in call-routing case

The Pretoria High Court has ruled against Telkom in its bid to have the sale, distribution and use of Leased-Cost Routing (LCR) equipment prohibited. Least cost routing systems enable customers to connect GSM-based equipment to a PABX which can then take advantage of the better call rates offered when dialling from one cellular device to another.

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/ 23 October 2003

Who is listening to whom?

Is the country’s long-term educational and economic future about to be sacrificed for the short-term political interests of one bristling moustache? In a hectic week Minister of Education Kader Asmal announced the new names of tertiary institutions due to merge in January next year (and of more to merge a year after that).

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/ 22 October 2003

Thinking of a career change?

If you thought your job was bad, spare a thought for the fart-sniffers who had to do it for Science. Or how about melting down nuclear missiles to make medals and peddling them on the Net? For good (and not so good) ideas, read here. Ian Fraser investigates a range of unconventional business ideas this week.

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/ 22 October 2003

An unnatural disaster

The number of people seeking refuge as a result of environmental disaster is set to increase dramatically over the coming years. Ironically, given current attitudes, industrialised countries will resist accommodating them, and yet they will have become refugees as a direct result of the way the West lives.

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/ 21 October 2003

Bottling empowerment

In what is expected to be one of the largest events in the industry in 2003, the South African wine industry is set to hold its first-ever black economic empowerment transformation conference under the auspices of the South African Wine Industry Trust and the South African Wine and Brandy Company, in order to develop a Wine Industry BEE Charter.

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/ 21 October 2003

Wrestling with Demons

Can regional television save South Africa from itself? In this last article of a four-part series on black media in South Africa – newspapers, magazines, radio and now television – Graeme Addison and Refiloe Mataboge warn that elitist media are out of touch with a populist groundswell. Something has to give.

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/ 21 October 2003

A Celebration of Women in Media

To coincide with national women’s day, The Media recognises the momentous lifetime achievements of one woman and honours the remarkable successes of another ten.

Many exceptional nominations were received for the inaugural ‘Sasol Women in The Media’ event, the chief criteria for final selection being outstanding contributions to growth and development across the commercial, governmental, academic and placement spheres of the media industry. The women listed here are the result of intense deliberations by members of The Media’s editorial board.

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/ 21 October 2003

The Eagle has Branded

African language radio stations ain’t what they used to be –- they’ve emerged from decades of apartheid suppression as viable mouthpieces of the new democracy. But now the station managements need to project a vision of their ability to garner revenue, and marketers need to recognise the value in the public broadcast audience.

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/ 20 October 2003

Hamas, Islamic Jihad vow to retaliate

The leaders of the militant Hamas and Islamic Jihad groups vowed on Monday to retaliate against Israel for continuing attacks against Palestinians in the West Bank and Gaza Strip. The groups’ statement followed Israeli airstrikes on Monday in Gaza that killed two Hamas activists and a bystander.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=22257">Gaza strike kills three</a>

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/ 20 October 2003

Act could cause confusion in asset industry

The Financial Advisory and Intermediary Services Act cannot function as a one-man-fits-all legislation across the financial services industry, says Carstens Mphelo, a director at Metropolitan Asset Managers. Financial services regulators must take into account that different sectors in the industry operate differently, he says.

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/ 20 October 2003

Basel II introduces new tech challenges for SA banks

The introduction of strict new laws for better capital management and reduced exposure to risk as embodied in the Basel II Capital Accord presents financial institutions with something of a double-edged sword. While compliance will reduce operational hazards, it may also result in over-stressed systems and excessive pressure on financial technology systems.

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/ 20 October 2003

The Black Pope of Consensus Politics

Joel Netshitenzhe, CEO of the Government Communication and Information System and Head of the Policy Unit in The Presidency, is one of the most influential figures in South Africa’s leadership structure. What are his views on the relationship between government and the media two years after the tensions of the Cabinet-SANEF Indaba at Sun City? How does he see the media fulfilling its role in the broad vision for national development?

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/ 17 October 2003

Drug firm denies abusing position

Boehringer Ingelheim Pharmaceuticals has denied it has abused a dominant position in the market to the detriment of consumers, and charged excessive prices for its products. On Thursday, the Competition Commission found that Ingelheim and GlaxoSmithKline abused their dominant positions in their respective anti-retroviral drugs markets.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=22131">SA generic Aids drugs breakthrough</a>

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/ 17 October 2003

Nail withdraws cautionary announcement

South African media company New Africa Investments Limited (Nail) said on Friday that its board has considered the terms of the offer by the Tiso consortium and believe that because payment of the consideration offered of R10,50 will be made within a relatively short period, and the relative certainty attached to the payment, that the consideration is fair and reasonable to Nail shareholders.

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/ 17 October 2003

Women on the verge

<b>NOT QUITE THE MOVIES OF THE WEEK:</b> As with many mainstream movies stealing a bit of style from the independents (but no substance), <i>View from the Top</i> is going as quirky, with a light, slightly absurdist tone, and a look to match. Luckily, opening at the same time as <i>View from the Top</i> is <i>Secretary</i>, which acts as something of a corrective to its fake quirkiness.

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/ 17 October 2003

Sorry, but the party is over

First the bad news: this week’s interest rate cut marks the end of the party for bond holders. Next, some mild consolation: another razzle is getting under way in the equities market, if you can just hang in. "I think it’s close to going home time. It’s been a long party," Jonathan Myerson, bond analyst at Rand Merchant Bank, said this week.