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Govt logjam test for Zuma

Correspondence to Zuma, the SADC chair and newly sworn-in South African President and the AU chairperson, Libyan President Muammar Gaddafi, to intervene in a stalemate that might collapse the three-month-old inclusive government followed a resolution by the MDC-T’s national executive council at the weekend which resolved to refer…

Old Mutual angers AAG

The move has infuriated empowerment lobby group, the Affirmative Action Group (AAG), which responded by approaching government with a proposal that the listed company be subjected to the Indigenisation and Empowerment Act. The act stipulates that foreign companies must cede 51 percent of their shareholding to locals.In a…

Defections threat hangs over MDC-M

The development threatens to further widen the rifts within the party that split from Prime Minister Tsvangirai-led MDC-T in 2005 following internal squabbles over the decision on whether to participate or not in elections for Senate.Last week, the MDC-M suspended three Members of Parliament: Abednico Bhebhe (Nkayi West);…

SA diamond fetches US$10m

The anonymous phone bidder has yet to name the gem, mounted on a platinum ring, auctioneers Sotheby's said. The diamond was found in Cullinan mine in South Africa last year, and its clarity was graded as flawless - the highest designation. Auctioneer David Bennett said: "It is a…