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Latest News

World Bank increases support for developing countries

5th August 2002 Against the background of a slowing global economy, and the worldwide impact of the events of September 11, World Bank lending to developing countries rose to $19,5-billion in the fiscal (June 2002) year, compared with loans totaling $17,3-billion in the previous fiscal year. 

Japanese maths, science volunteers in Mpumalanga

5th August 2002 The Mpumalanga government has welcomed a group of Japanese volunteers who are in the province to complement local teachers in teaching maths and science subjects. 

SA suspends Japanese fishing in its waters

5th August 2002 The Minister of Environmental Affairs and Tourism, Valli Moosa, has announced the suspension of Japanese fishing in South African waters. 

Final BEE memo to be submitted to Cabinet

By: Deborah Spicer     5th August 2002 By the end of September, a final memorandum on black-economic empowerment (BEE) will be submitted to cabinet, said Trade and Industry Minister Alec Erwin at a post-cabinet lekgotla media briefing on Friday. 

SA joins Kyoto accession club

5th August 2002 South Africa has joined the list of States parties to the Kyoto Protocol to the United Nations (UN) Framework Convention on Climate Change. 

SA firm to raise ammonia imports to 180 000 t

5th August 2002 South African synthetic fuel and chemicals producer Sasol plans to treble ammonia imports to 180 000 tons a year, following an increase in demand for fertilisers and explosives at home. 

Traffic offence agency studied

By: Zonika Botha     2nd August 2002 In a drive to lift some of the burden from South Africa’s magistrates courts, the Department of Transport is investigating the possibility of establishing a dedicated national agency to deal with outstanding traffic offence payments. 

Nigeria prequalifies four for second phone licence

2nd August 2002 Nigeria has prequalified all four telecoms operators for the second national operator (SNO) licence to compete with its troubled national carrier Nitel. 

KZN to launch small farmer mechanisation project

2nd August 2002 Africa’s first private sector driven mechanisation programme for small-scale farmers will be launched in KwaZulu-Natal next week. 

SA oil companies to face parliament

2nd August 2002 South African oil companies will be called to parliament one by one to report progress towards the goal of 25% black industry ownership by 2010, a senior legislator has said. 

Last tender is issued for Joburg summit

2nd August 2002 The Johannesburg World Summit Company (Jowsco) yesterday issued the last of its tenders for the logistics of the UN World Summit on Sustainable Development taking place from August 26 to September 4. 

EU wants 8m euro of aid money back from Malawi

2nd August 2002 The European Union (EU) has given the Malawi government an August 30 deadline to hand back at least €8-million ($7,82-million) it says the government diverted from an agreed project. 

First tenant commits to auto supplier park

2nd August 2002 Lear South Africa – a subsidiary company of the world's largest automotive seats producer Lear Corporation – will be the first company to relocate to the recently launched Automotive Supplier Park (ASP) in Rosslyn, Pretoria, Supplier Park Development Company MD Jochen Freese announced... 

Trade Bill to boost US textile imports from Africa

1st August 2002 Tucked away in the controversial trade Bill that passed the US House of Representatives last week are provisions that could provide a significant boost to African textile producing countries, reports AllAfricadotcom. 

Paper firm battles sluggish US market

1st August 2002 South African paper giant Sappi reported a modest rise in third-quarter earnings yesterday, battling a sluggish US market, and said it expected profits to improve slightly in the final quarter. 

SA aviation firm wins offshore distributorship

1st August 2002 US-based Raytheon Aircraft Company (RAC) has appointed National Airways Corporation (NAC) to represent it in the UK, Ireland and the Channel Islands. 

Summit not about rewriting global trade agreements – DTI

1st August 2002 South Africa plans to highlight developmental issues at next month's world summit in Johannesburg but will not try to renegotiate global trade or financial agreements. 

World leaders confirm attendance at Joburg gathering

1st August 2002 The United Nations (UN) says more than 100 world leaders have officially confirmed their attendance at the forthcoming World Summit on Sustainable Development (WSSD), to be held in Johannesburg next month. 

Mbeki signs e-Bill into law

1st August 2002 President Thabo Mbeki yesterday signed the Electronic Communication and Transactions (ECT) Bill into law in Pretoria, using an advanced electronic signature. 

Telecoms firm makes new board appointment

1st August 2002 Nomazizi Mtshotshisa has been appointed as Telkom’s new non-executive chairperson, replacing Eric Molobi who resigned as the chair of the Telkom Board to focus his attention on the Kagiso Trust Investment's Group of Companies. 

Sugar giant forecasts rise in output

1st August 2002 Sugar and metals group Tongaat Hulett’s sugar production in South Africa, Zimbabwe, Mozambique and Swaziland is forecast to rise to 1,25-million tons in 2002, up 13% on last year, group CEO Peter Staude said during the company's interim results presentation. 

New agency to speed up company registration

By: Terence Creamer     31st July 2002 The State yesterday launched a new one-stop shop for company and intellectual property registration. 

Three projects get State support

31st July 2002 The Department of Trade and Industry (DTI) has announced the first three approvals of its industrial investment allowance under the Strategic Industrial Projects (SIP) programme, with the remaining four expected to be finalised soon. 

San anti-obesity drug at centre of new deal

31st July 2002 Pharmaceuticals company Phytopharm yesterday said it had reached a new deal with Pfizer on development of its cactus-derived anti-obesity drug P57, sending its shares sharply higher. 

Auto group to sell fuel cells for emergency backup

31st July 2002 The world’s largest automaker General Motors (GM) has said that it will enter the multi-billion market for back-up power systems by 2004 by selling stationary fuel cells to businesses that depend on a reliable supply of energy. 

French government launches privatisation of airliner

31st July 2002 The French Government has launched the privatisation process for Air France – a decision which will enable the airliner to face the increasingly tough international competition in the best possible conditions. 

SA-linked IT group wins Indonesia work

31st July 2002 Asia's largest systems integrator, Datacraft Asia – a unit of South African information technology group Dimension Data – has clinched a $1,7-million network infrastructure upgrading contract from Indonesia's top cellular operator Telkomsel. 

Chemicals giant reports explosive results

31st July 2002 South African chemicals, fibres and explosives group AECI has achieved a strong set of results, benefiting from the completion of the transformation strategy and stronger than expected demand in most domestic markets. 

Provincial capex grows to R11bn

31st July 2002 The National Treasury has commended spending by provinces, saying it is in a healthy state compared to previous years. 

Africa telecoms growing at 10 times global rate

30th July 2002 Africa's telecoms market is expanding ten times faster than the rest of the world's, and growth is forecast to keep to a cracking pace over the next five years despite heavy debt levels among big global telecom companies. 

Starving Africa should accept GMO food – US

30th July 2002 Countries facing famine in southern Africa should accept genetically modified (GMO) food or risk death for millions of its people, a top US official has said. 

Joburg summit risks worsening North-South rift

30th July 2002 The Johannesburg Summit, meant to save the planet, is in danger of backfiring by deepening rifts between rich and poor countries. 

US backs SA Aids research centre

30th July 2002 The US has awarded R110-million to a new collaborative Aids Research Centre in Durban – the Centre for the Aids Programme on Research in South Africa (Caprisa). 

Moves to bridge techno divide

30th July 2002 The meeting in Cape Town, in which the Africa, Caribbean and Pacific (ACP) group of states and the European Union (EU) seek to meet the challenges of research, science and technology for sustainable development head on, draws to a close today. 

SAA gets first of five new Boeings

30th July 2002 Newly established Safair Lease Finance (SLF)) is leasing five new Boeing 737-800s to South African Airways. 

SA's R35bn private-equity industry blooming

By: Martin Zhuwakinyu     29th July 2002 Although South Africa's private-equity industry is young by world standards, it has become a significant source of finance for early-stage investments as well as management buyouts and expansion projects implemented by entrepreneurs who would rather not or cannot raise funds through a public... 

Angola looks to reconstruction

29th July 2002 A senior Angolan government minister has said that after the demobilization of the country's Unita rebel movement within the next two to three weeks, the State could start focusing on rebuilding the oil and diamond-rich southwest African country. 

Fuel-cell vehicle receives US certification

29th July 2002 The Honda FCX has become the first fuel-cell vehicle in the world to receive government certification, paving the way for the commercial use of fuel-cell vehicles, the US has said. 

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