Archive for January 12th, 2008

source: BOPA
11 January, 2008

GABORONE – Bank of Botswana monetary policy committee has decided to maintain the bank rate at 14.50 percent.

A press release from the bank says the last adjustment of the bank rate was a decrease of half a percentage point on June 18, 2007.

The release notes that inflation is above the banks annual objective range in October and November, with several categories of goods and services recording higher annual rates of price increase.

In the short term, inflation is expected to remain above the 4-7 percent range, influenced by high food and [continue reading]

11 January 2008

Leading South African boat builder Robertson & Caine has entered a joint venture agreement with Chinese company Flying Eagle to manufacture its sail and power catamarans in China, Cape Business News reported on Friday.

According to the business publication, Robertson & Caine’s (R&C’s) first international manufacturing venture is set to increase the company’s production five-fold within five years.

R&C director Ellian Perch told Cape Business News that the Chinese factory, together with company’s Cape Town facility, would be producing boats at the rate of 700 to 800 a year by 2013.

He said the Chinese government had embraced the opportunity to cater for a booming global leisure market, and had already allocated land for the project in Fuyang City near Hang Zhou, one of China’s largest cities.

Cape Business News also reports that the City of Cape Town has given R&C the green light to [continue reading]

soure: SW Radio Africa
By Tichaona Sibanda
11 January 2008

The ZAPU-Federal Party, led by Paul Siwela, will forge an alliance with the Tsvangirai MDC to fight the forthcoming parliamentary and presidential elections.

Siwela said they decided to form an alliance with the MDC because they shared similar views on issues related to the dire political and economic situation in the country.

He said his party will convene a congress at the end of this month to ratify this pact, after which he would try to convince other like-minded political parties to join in the alliance to form a united front against Robert Mugabe and his ruling Zanu-PF party.

This is the first confirmed alliance and others are expected in the coming weeks, as opposition parties’ band together under a proposed MDC united front or a coalition.

The two factions of the MDC have already made [continue reading]

source: IOL
January 11 2008 at 07:56PM

The health department will continue holding discussions with private health sector groups to “reconsider” the matter of increased hospital tariffs, Health Minister Manto Tshabalala-Msimang said on Friday.

Addressing journalists in Pretoria following a meeting with private hospital groups CEOs, Tshabalala-Msimang said all parties were willing to reconsider the matter.

“The issue of reconsidering (the matter) is essential,” she said.

The minister said the department would continue holding discussions with individual hospitals.

Medical aid fees have increased by around nine percent since January 1.

Kurt Worrall-Clare of the Hospital Association of South Africa said that it was good that all parties were willing to [continue reading]