adminICT loses Sishen court challenge
Pretoria — A South African High Court judge said yesterday that a company with no mining experience and business links with President Jacob Zuma’s son could not keep mineral prospecting rights it was controversially awarded.
JSE opens way for Europe electronic trading
London — The Johannesburg Stock Exchange (JSE) has struck a deal with British technology firm Fixnetix that will enable Europe’s top trading firms to post orders directly on the JSE from outside South Africa for the first time.
Rand looks set to end year 25pc weaker
Johannesburg — The rand was languishing near two-week lows against the dollar on Thursday with little respite seen as investors shun riskier assets on concerns about the outlook of the eurozone.
The rand looks set to end the year more than 25 percent weaker against the dollar, which would be its worst yearly performance since 2008.
Worries grow over IMF loans to Europe
WASHINGTON — The prospect of European heavyweights like Italy or Spain turning to the IMF for rescue loans is worrying the United States and other nations that fear they could suffer losses on funds they have extended to the IMF.
Euro: other countries may have pact doubts
LONDON — Days after Britain used its veto at the European summit, cracks have started to emerge as work begins on drafting the new European pact to save the euro.
Shabanie workers still unpaid two years on
Midlands Bureau Chief
SHABANIE Mine workers, who have been unpaid since the country adopted multiple foreign currencies in 2009, are facing the prospects of a gloomy Christmas.
$9,2bn MTP launched in Mat North
Chronicle Reporter
THE Government yesterday launched the National $9,2 billion Mid-Term Plan (MTP), the economic blueprint for economic recovery, in Matabeleland North Province.
The five-year MTP builds on the foundation laid by the Short Term Emergency Recovery Programme (Sterp) — launched in 2009 — and the three-year Macroeconomic Policy and Budget Framework (Sterp 11). It runs from 2011 to 2015.
Zapu condemned over anniversary
Chronicle Reporter
ZANU-PF has condemned moves by Dr Dumiso Dabengwa’s Zapu to celebrate what it claims is 50 years of the party’s existence saying the move was cheap politicking to get votes in the Matabeleland region.
Woman assaulted, robbed
Chronicle Reporter
A 20-year-old Tsholotsho woman is lucky to be alive after she was struck with an iron bar by a robber who made off with her bucket of maize and R100.
Beitbridge RDC sets aside $1,7m for servicing of stands
Beitbridge Reporter
THE Beitbridge Rural District Council has set aside $1,7 million under the Public Sector Investment Programme (PSIP) for the servicing of 400 residential stands at Lutumba Business Centre.