Archive for August 10th, 2010

source: Mmegi
Staff Writer

As the reporting season draws near investors are increasingly becoming risk averse on the Botswana Stock Exchange with sellers outweighing buyers though at very low volumes.

In last week’s trading the Domestic Companies Index’s (DCI) six weeks winning streak came to a halt following losses in mid to small capitalised stocks. Volumes were generally thin except in Letshego, Sefalana and Sechaba as most institutional investors wait on the sidelines ahead of the first half reporting period. Since the beginning of the year, the DCI gained the most in February, but lost ground in [continue reading]

source: Fin24
Aug 10 2010 06:40

Johannesburg – The state braced itself for a shut-down of the public service on Tuesday as 1.3 million public servants planned to stay away from work to demand better wages.

Both members of the Congress of SA Trade Unions (Cosatu) and the Independent Labour Caucus (ILC) supported the strike after dismissing a seven percent salary increase offer.

“More than 1.3 million public servants will on Tuesday take part in marches and demonstrations right through the country leading to a total shut-down of the public service,” Cosatu earlier warned in a statement.

National marches would take place in Cape Town and Pretoria, as well as [continue reading]

source: IOL
August 10 2010 at 09:20AM
By Angelique Serrao

President Jacob Zuma and the Minister of Environment and Water Affairs, Buyelwa Sonjica, have been charged under Section 151 of the National Water Act in a bid to get them to answer for rampant pollution in the Hartbeespoort area.

Environment and Conservation Association chairwoman Nicole Barlow filed the charges at the Hartbeespoort police station yesterday.

Captain Enoch Legoete at first refused to open a case against Zuma, saying he hadn’t committed a crime.

But Barlow insisted and two case dockets were opened. She said Sonjica should be charged as she had not done anything to stop the pollution and Zuma should be charged as [continue reading]