Missing jet highlights ageing radar crisis

KUALA LUMPUR, March 21 (Reuters) – The ease with which a big jetliner melted into the ether after vanishing from Malaysian radar illustrates an uncomfortable paradox about modern aviation: state-of-the-art airplanes rely on ageing ground infrastructure to tell them where to go. While satellites shape almost every aspect of modern life, the use of radar … Read more

ANC to sue DA over “Nkandla theft” SMS

From the SA Press Association: The ANC is planning to take legal action against the DA over a text message about President Jacob Zuma, the party said today. “We are actively taking this matter up by opening a charge of defamation and malicious conduct,” African National Congress spokesman Jackson Mthembu said in a statement. “We … Read more

Aussie weather clearing for missing jet search

by Rob Griffith and Kristen Gelineau of Associated Press: As planes spent a third day hunting for two large objects spotted by satellite in the southern Indian Ocean, Australian officials on Saturday said they were far from giving up on what remains the strongest lead in the search for Malaysia Airlines Flight 370. Two military … Read more

US applies financial sanctions on Putin, cronies

From the Associated Press: Increasing pressure on Russia for its incursion into Crimea, the U.S. on Thursday sanctioned some of President Vladimir Putin’s close friends and associates, members of his inner circle, government officials, some of the richest men in the country and a major bank. The latest punitive measures freeze any assets that those … Read more

Zim studying Impala platinum refinery proposal

HARARE (Reuters) –¬†Zimbabwe¬†is considering a proposal for the construction of a platinum refinery from the world No. 2 producer of the precious metal Impala Platinum, the mines minister said on Thursday. President¬†Robert Mugabe’s government¬†has given platinum companies operating in¬†Zimbabwe¬†a deadline of two years to set up a refinery to add value to its mineral exports … Read more

Ukraine owes Russia $16bn – Medvedev

MOSCOW, March 21 (Reuters) – Russian Prime Minister Medvedev said in a meeting with President¬†Vladimir Putin on Friday that in total¬†Ukraine¬†owes¬†Russia¬†$16 billion, local news agencies reported. Medvedev said that¬†Ukraine¬†owes¬†Russia¬†$11 billion because the treaty under which¬†Russia¬†provides¬†Ukraine¬†with cheap gas in return for the¬†Sevastopol naval base¬†was “subject to denunciation”. In addition, he said that¬†Ukraine¬†owes¬†Russia¬†$3 billion for a recent … Read more

ANC will not apologise for Nkandla – perhaps Zuma will: Mantashe

From SAPA The ANC will not apologise for the findings of the Nkandla report, its secretary general said on Thursday. “If there is a need for an apology, it can’t be the ANC. If need be, it can be from the president or it may be by the relevant ministers,” Gwede Mantashe told reporters in … Read more

US rates could start rising mid-2015 – Yellen

From Associated Press: Federal Reserve Chair Janet Yellen is signaling that the central bank could begin raising US short-term rates six months after it halts its bond purchases around year’s end. That was the clearest indication to date of when the Fed might raise its benchmark short-term rate, which has been at a record low … Read more

Presidency responds to Thuli’s Nkandla report

From The Presidency: The Presidency has noted the release of the final report of the Public Protector today, 19 March 2014, into the security upgrades at the Nkandla private residence of President Jacob Zuma. One of the key successes of our democracy is the Constitution with its important features such as the institutions supporting and … Read more

CFR bid cost Adcock R140m – SENS

A trading update released on SENS this morning by Adcock Ingram discloses that the failed bid for the company by Chilean group CFR has cost Adcock shareholders R140m. Only R35m of that amount was written off against expenses in Adcock’s 2013 financial year to end September so the balance will hit the 2014 earnings. Adcock’s … Read more