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Latest News

Call for agricultural-subsidy scrapping

11th July 2002 Industrialized nations should seek to ensure success of the Doha trade round by quickly offering to scrap agricultural trade barriers, the incoming director-general of the World Trade Organisation (WTO) has said in the Financial Times. 

Work begins on gas pipeline

11th July 2002 An official sod-turning ceremony yesterday marked the start of construction of a pipeline to transport natural gas from Mozambique to South Africa. 

Supercomputer for Cape varsity

10th July 2002 The University of the Western Cape (UWC) has obtained a powerful information technology tool, set to take South Africa's scientific research to new heights. 

SA telecoms head to step down

10th July 2002 Telkom's Eric Molobi yesterday announced that he would be stepping down as chairperson when his term officially ends on July 31. 

Engineering firm sacks staff for covering up loss

10th July 2002 Swiss engineering group ABB, trying to restore investor confidence after staving off a financial crisis, confirmed yesterday that it had sacked a handful of London staff who had tried to conceal losses. 

More complainants join steel action

10th July 2002 New Zealand has joined six under complainants on a panel to examine the European Commission’s (EC’s) complaint on US safeguard measures on steel imports. 

Annan urges action for Joburg summit

10th July 2002 UN Secretary General Kofi Annan has urged world leaders to draw up action plans to fight poverty and save the environment during a global earth summit in South Africa next month. 

Enviro study starts for Jhb-Pta superhighway

10th July 2002 The environmental-impact assessment (EIA) study for the proposed Johannesburg Pretoria toll-road corridor network is currently under way. 

Nepad projects listing released

10th July 2002 The African Development Bank has drawn up a document listing a number of infrastructure projects which will form part of the New Partnership for African Development's (Nepad’s) short-term action plan to develop the African continent. 

World Bank cautions Nigeria on outmoded steel mill

9th July 2002 The World Bank has issued a stinging denunciation of Nigeria’s multibillion-dollar Ajaokuta steel project, warning that its Soviet-era technology could lead to "terrible drains on resources". 

Growing interest in IT security

9th July 2002 The emergence of information technology (IT) security as a strategic business issue, and an ongoing shortage of security expertise, is driving a growing market for outsourced and managed security services, a new BMI-TechKnowledge report reveals. 

Plan to build Africa-Europe tunnel

9th July 2002 Senegalese president Abdoudalaye Wade said last week that the New Partnership for African Development (Nepad) has plans to construct a tunnel linking Africa with Europe under the Mediterranean sea. 

Global info society summit taking shape

9th July 2002 The first preparatory committee meeting of the World Summit on the Information Society (WSIS) completed its work last week with broad agreement that the stakeholders must coordinate and consolidate their efforts to ensure that information and communication technologies (ICTs) benefit all the... 

Zambia bans cheap Zimbabwe imports

9th July 2002 In a move analysts said would likely raise growing trade tensions between the two southern African nations, Zambia banned agriculture and building products imports from troubled neighbour Zimbabwe over the weekend. 

Privatisation official suspended

9th July 2002 South Africa has suspended one of the directors of its multi-billion rand privatisation programme following allegations of corruption and launched a formal investigation, the Public Enterprises Department said. 

Aluminium project to yield $80m for Moz business

By: Zonika Botha     9th July 2002 A little more than a year after receiving the green light, the Mozal aluminium expansion project in Beluluane, Mozambique, is well poised to produce its first hot metal in October 2003, followed by full production at the end of the first quarter of 2004. 

New impetus to South Atlantic trade talks

By: Keith Campbell     8th July 2002 The talks between South Africa and the South American trade bloc, Mercosur, are set to be re-energised following high-level talks in Johannesburg and Pretoria last week. 

UN calls for ‘green’ growth in Africa

8th July 2002 Africans are likely to suffer increasing pollution, ill-health and loss of farmland unless the continent adopts "clean" technologies and the world does more to fight global warming, the United Nations said on Thursday. 

Good governance crucial in Africa’s poverty fight

8th July 2002 Africans must promote good governance and intensify the fight against poverty for the new African Union (AU) to be launched this week to succeed, senior ministers and officials said on Thursday. 

SA construction firm on passage to India

8th July 2002 South African construction company Group Five has announced that its subsidiary, Intertoll, has further strengthened its position in the Indian market with the award of two eight-year contracts, with a combined value of $70-million, to operate and maintain two toll-roads. 

Trade slowdown worse than forecast - WTO

8th July 2002 The widely expected slowdown in the expansion of world output and trade has been far worse than first projected at the beginning of 2001, the World Trade Organisation (WTO) 2002 annual report states. 

Telecoms aspirant slows SA rollout

5th July 2002 The telecoms division of State-owned Eskom Enterprises’ (EE) has received board approval to slow its R1-billion rollout of telecoms infrastructure and deploy some of the equipment at other sights in Nigeria and Lesotho 

New roadmap for SA’s roads

5th July 2002 Excellence costs, but in the long run mediocrity costs far more, and therefore South Africa needs to emphasise efficient and expeditious transport infrastructure development and maintenance, the South African National Roads Agency (Sanra) states in a new vision document. 

SA mobile firm works to justify Nigerian tariffs

5th July 2002 South African mobile phone group M-Cell has said its MTN Nigeria business was working to convince Nigerian lawmakers its tariffs there were reasonable. 

Ghana chooses Norwegians for telecoms revamp

5th July 2002 Ghana has picked Norwegian state-controlled telecoms group Telenor as a strategic investor to improve the West African country’s patchy telecoms network, the government said earlier this week. 

EU to give Zambia €361m for development

5th July 2002 Zambia president Levy Mwanawasa earlier this week said that the European Union (EU) had pledged €361-million over the next five years to his impoverished southern African country for development programmes. 

Power utility meet Iraqi leader

5th July 2002 During the visit to South Africa between July 3 and July 8, Eskom invited Iraqi deputy prime minister Tarek Aziz for business discussions. 

Wireline, wireless convergence is the future

5th July 2002 The outgoing chief operating officer of South Africa's Telkom said on Thursday the utility's offering of both mobile and fixed-line services would not compromise its valuation during its listing, due by March. 

State IT agency chief resigns

5th July 2002 Public Service and Administration Minister Geraldine Fraser-Moleketi has announced that State Information Technology Agency (Sita) CEO Colin Van Schalkwyk has resigned. 

SA-Canada in railways agreement

4th July 2002 The Rail Road Association of South Africa (RRA)) and its Canadian counterpart, the Railway Association of Canada (RAC), have agreed in principle to cooperate in promoting efficient land transport public policies and to share rail-related technical expertise. 

Basic free water reaching 27m people

4th July 2002 Following government's free basic water programme implemented a year ago, at least 27-million people – who previously had no access to water – are now able to enjoy a basic amount of free water per household per month. 

Coega opening doors for construction SMMEs

4th July 2002 The Coega project’s commitment to empowering small, medium and micro-sized enterprises (SMMEs), particularly those located within the Nelson Mandela Metropolitan area, is reaping economic benefits for local business. 

EU calls three new food-aid tenders

4th July 2002 The European Commission has published details of three tenders to supply wheat, maize and coarsely-ground maize to Eritrea, Angola and Liberia as food aid. 

SA tractor sales soar 50% in June

4th July 2002 South African new tractor sales leapt 50% year-on-year in June, thanks to farmers replacing their ageing equipment and rosy crop prospects, SA Agricultural Machinery Association (SAAMA) said yesterday. 

Nigeria pushes for West Africa pipeline

4th July 2002 Nigerian president Olusegun Obasanjo earlier this week said he would hold ChevronTexaco and its partners to a promised 2005 completion date of an ambitious West Africa gas pipeline. 

Auto components cluster launched in Pta

4th July 2002 Key players in the automotive industry, including suppliers, have welcomed the establishment of a greenfield Automotive Supplier Park in Rosslyn, Pretoria. 

215 capital projects announced last year - report

3rd July 2002 In 2001, 215 projects to the value of more than R64,9-billion were announced, the recently-released Industrial Development Corporation’s (IDC’s) Capital Projects Report reveals. 

Morocco starts domestic oil market liberalisation

3rd July 2002 Morocco will implement a gradual liberalisation of its domestic oil market over the next six years as part of an agreement with the European Union (EU), a senior government minister said yesterday. 

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