Archive for July 2nd, 2009

source: Trading Markets
Thu. July 02, 2009; Posted: 09:09 AM

CIC Energy Corp. (“CIC Energy” or the “Company”)(TSX:ELC, BSE: CIC Energy) today announced the following update on the Mmamabula Energy Project in Botswana, Africa.

Offtaker Review of Power Purchase Agreement Offer

In conjunction with the ongoing negotiations of the power purchase agreement and related documentation for the Mmamabula Energy Project, CIC Energy, on behalf of its Botswana subsidiary Meepong Energy (Proprietary) Limited, submitted an offer to Eskom Holdings Limited (“Eskom”) and Botswana Power Corporation (“BPC”) in March 2009 (the “Offer”).

The Offer was taken through Eskom’s formal governance process, culminating in consideration of the Offer at an Eskom board meeting held on June 18, 2009. The Company had expected that a response to the Offer would be received from Eskom soon after this board meeting. However, a response to [continue reading]

source: Mmegi
OLIVER MODISE
Correspondent

President Ian Khama was the subject of thinly veiled attacks in Molepolole South constituency on Sunday as speakers at the launch of Daniel ‘DK’ Kwelagobe took turns to lampoon him for reportedly endorsing Tebelelo Seretse in the race for chairperson of the Botswana Democratic Party (BDP).

Seretse is trying to unseat Kwelagobe as BDP chairman. Although the gathering in Molepolole South was meant to launch Kwelagobe as the BDP parliamentary candidate, the main speakers used it as a poorly disguised Khama bashing session. The speakers were not happy with reports that Khama had said that Kwelagobe is not fit to be BDP chairman because he is old and ailing. At the Molepolole launch, Gaborone Central parliamentary candidate, Gomolemo Motswaledi slammed such thinking saying that it is sad that some people in the party have now [continue reading]

source: allAfrica
Business Day (Johannesburg)
Wilson Johwa
1 July 2009

Johannesburg — AGAINST the general belief that Zimbabweans in exile were keeping their country afloat, a study in the southern Matabeleland region has found that most families with members living outside the country received no money and barely any meaningful food items last year.

Conducted earlier this year, the study by Solidarity Peace Trust (SPT), says 76% of those with family in the diaspora did not get any money sent to them last year.

The little money sent home failed to alleviate the already dire food situation, especially among the rural poor.

Many of those who sent any money at all remitted less than R100. “Goodies” sent home were as little as 2kg of sugar – often only at Christmas time. Only 18% of the families with a member in the diaspora received the [continue reading]

Staff Reporter
July 01 2009 at 10:30PM

Work on the Green Point Stadium, R300 and N2 highway will be affected when workers down tools next week following a wage dispute, says the National Union of Mineworkers.

On Tuesday morning, the union served the strike notice on the South African Federation of Civil Engineering Contractors, the construction sector’s employer body.

Following the collapse of marathon talks on Friday, the union accepted the certificate of non-resolution to the dispute.

Meanwhile, mobilisation has begun and strike action is set to begin next Wednesday.

The union, which has 50 000 members nationally, lowered its 15 percent increase demand to 13 percent for [continue reading]

source: allAfrica
The Nation (Nairobi)
Kitsepile Nyathi
1 July 2009

Harare — Zimbabwe Prime Minister Morgan Tsvangirai says he is convinced that his wife was not assassinated, putting to rest speculation about the fatal road accident that became the unity government’s first biggest test after its inauguration in February.

The circumstances leading to Mrs Susan Tsvangirai’s death were some of the most uncomfortable issues that confronted the former opposition leader during his three week tour of the United States and Europe that ended at the weekend.

The Tsvangirais were involved in an accident weeks after President Robert Mugabe’s former arch rival joined the unity government and Mrs Tsvangirai died on the spot.

Speculation was rife that the accident was planned after [continue reading]

source: SouthAfrica.info
1 July 2009

The government views South Africa’s vehicle manufacturing industry as “strategic” and will continue supporting it, while steering it more towards the manufacture of components and commercial vehicles, says Trade and Industry Minister Rob Davies.

Briefing journalists in Cape Town ahead of the debate on his department’s budget vote in Parliament on Tuesday, Davies said the government sought to influence the direction South Africa’s auto sector took.

Davies was responding to a question on why the government was continuing to support the motor industry given the trouble it was experiencing in the face of falling demand for vehicles.

“I think that the auto industry has got some very, very important linkages to other industrial sectors, and we need to preserve that capacity,” he said.

Sectors supplying goods to auto manufacturers included the leather, steel and [continue reading]