Archive for November 6th, 2007
Business Day (Johannesburg)
Business Day (Johannesburg)
6 November 2007
Posted to the web 6 November 2007
THE leak of a document at the weekend, pre-empting the outcome of the long-awaited Democratic Republic of Congo government review of mining licences, has thrown SA’s mining sector into confusion.
Mining companies with activities in the Congo include Nikanor, Metorex, AngloGold Ashanti, BHP Billiton, Anvil Mining, Katanga Mining, First Quantum, Freeport McMoran and De Beers.
Some of these companies have invested considerable sums not only in mining operations but also in supporting infrastructure. This year Anvil will spend $65m on capital projects in the Congo and it has spent $3m on social projects.
Nikanor estimates the cost of rehabilitating the KOV pit will be about $1,8bn. It will generate 5000 indirect jobs, beyond the 1400 people employed directly. Nikanor is also investing in roads, water and electricity. All the mines have social projects involving health care and education.
According to Reuters and Bloomberg, 61 mining licence contracts were reviewed in a process that has been under way since March. The Congo concluded that 38 contracts would have to be renegotiated and 23 cancelled.
But mining industry sources said [continue reading]
source: The Herald (Zimbabwe Government)
THE Supreme Court has made a landmark ruling that allows the Government to acquire all farming equipment and machinery belonging to white former commercial farmers whose farms were compulsorily acquired for resettlement.
Yesterday’s ruling follows a constitutional application by a group of former commercial farmers challenging the acquisition of their equipment stored at Manica Zimbabwe Limited.
“In the result, the application fails and is hereby dismissed,” said Chief Justice Godfrey Chidyausiku.
Government acquired the equipment under the Acquisition of Farm Equipment (or) Material Act (Chapter: 18 23) which the farmers sought to invalidate.
After a close scrutiny of legal points raised by the farmers, Justice Chidyausiku considered first whether the Act provided that the acquisition was for the purpose beneficial to the public generally or any section of the public.
The court agreed with the State’s contention that the compulsory acquisition in terms of the Act was for purposes of furthering the land reform programme.
Justice Chidyausiku said the land reform programme was not a private activity but a [continue reading]
6 November 2007
United States-based nuclear technology group Westinghouse Electric Company, a group company of Toshiba Corporation, has announced the acquisition of South African firm IST Nuclear.
Westinghouse launched its newly acquired South African operation on Monday under the name Westinghouse Electric South Africa. The value of the transaction has not been disclosed.
IST Nuclear is a leading provider of services and systems for South Africa’s Pebble Bed Modular Reactor (PBMR) project. “Westinghouse has long been a proponent of the PBMR, and this acquisition will allow us to become even more involved as PBMR moves toward commercialization,” Nick Liparulo, vice-president of engineering services for Westinghouse, said in a statement.
At the same time, Westinghouse views South Africa as a [continue reading]
Exploration company, DiamonEx Limited, said it expects to start production at its Lerala Diamond Mine Project during the first quarter of 2008.
The company has projected that 330,000 carats of diamonds will be mined at Lerala per year.
“Plant construction is now well advanced and initial mining for [continue reading]
BOTSWANA, Africa’s oldest multiparty democracy, is one of the most politically and economically stable countries on the continent. Marja Tuit spoke to Motlhagodi Molomo, the newly appointed high commissioner of Botswana to SA.
In the Mo Ibrahim Index of African governance Botswana scores third highest behind Mauritius and Seychelles, and ahead of SA. To what would you attribute this achievement?
Batswana practiced participatory democracy long before the introduction of post-independence institutions such as a legislature, executive, judiciary, political parties and multiparty elections. Participatory democracy was practiced through the Kgotla system, where adult members of the community had the right to have a say in community affairs.
Lt-Gen Ian Seretse Khama, who is set to succeed Festus Mogae as president next year, is unlikely to [continue reading]
author/source:Mail & Guardian (SA)
posted on this site:Mon 5-Nov-2007
Zimbabwe’s ruling Zanu PF party and the opposition MDC were the “closest they have been” to reaching an agreement over key sections of a new constitution this week, but rowed over Western sanctions and presidential term limits. Officials on both sides involved in the talks, mediated by President Thabo Mbeki, report that they have agreed to a set of reforms, further to electoral changes agreed in September, which would form the basis for a new constitution by next year. “This is the closest we have ever been since the talks began [in April],” one senior Zimbabwe government official said. “The talks have in fact gone on a lot smoother and faster than initially envisaged. But there is some work to be done yet.”
Mbeki has been eager to help the two sides stitch up some sort of deal by the end of this month, allowing both parties to go into elections next March with [continue reading]
The past week was awash with news that the City Council bye-law officers have launched their fury upon hundreds of helpless vendors around Gaborone.
At a Gaborone West nightclub, vendors were chased around and locked up in cells by the G-West police. At the main mall, vendors had their equipment confiscated by the police.
In this edition, we report of an incident in which another vendor, a mechanic, who fixes cars from his home, was raided by the City bye-law enforcement officers for operating without a licence. It would seem the City Council has a problem in understanding what a street vendor is, in that in the case of food vendors, the council demands that the vendors should prepare their [continue reading]
source: source: SW Radio Africa
By Henry Makiwa
5 November 2007
Power failures have persisted across the country and have now spread from Harare to smaller towns, with many of the few remaining businesses being forced to shut down because of the outages.
Serious blackouts that have been experienced in Harare for the past two months have now extended to other urban centres where residents are receiving power for as little as two hours a day, if at all. This has forced some key essential service providers such as hospitals and banks to close, as they cannot function without power.
It’s reported that most clinics and hospitals, that are usually spared power cuts, have been running standby generators for over a week and are fast running out of fuel.
A Masvingo clergyman, Reverend Onismo Goronga, says even the church has been [continue reading]