BuaNews

By Michael Appel

Johannesburg - Tax payers have been saved over R18 million through work of the anti-fraud and corruption work of the Special Investigating Unit (SIU) which investigated fraudulent housing subsidies.

The unit was commissioned in 2007 under former President Thabo Mbeki and Housing Minister Lindiwe Sisulu, to conduct investigations into low income housing subsidies between May 2007 and March 2009.

Head of the SIU, Willie Hofmeyr said in 1 330 ...

Nairobi - The International Monetary Fund (IMF) has warned that Africa's economic growth will be affected by the continuing world economic crisis.

It further predicted that growth in sub-Saharan Africa will slow to 3.25 percent this year, half the growth rate it previously projected.

The slump in commodity prices and the credit squeeze are the main culprits, the IMF said in a report, which was released ahead of a major IMF conference on Tuesday in the Tanzanian capital, ...

Harare - The Consumer Council of Zimbabwe (CCZ) has reported that falling prices of basic commodities has resulted in the breadbasket for a family of six for the month of February dropping by 20 percent to $122 from $153 in January.

It was a rare price decline for a country with the world's highest inflation rate at some 230 million percent, according to the last official estimates released in July last year.

This was the first decline in a decade.

Executive ...

By Nthambeleni Gabara

Pretoria - President Kgalema Motlanthe has assured the National House of Traditional Leaders that government, under a new administration, will remain committed to strengthening the House and its institutions.

Addressing the House at the Tshwane Metropolitan Municipality's Council Chambers on Thursday, the President said: "I am equally certain that based on this collaboration, the new government will take the issue of Traditional Leadership to ...

By Bathandwa Mbola

Johannesburg - South Africa's efforts in dealing with the economic crisis will not be affected by the transition in government after the General Elections in April, says President Kgalema Motlanthe.

"The change will be within the governing party so it should not cause any ripple at all," he said on Tuesday, during a courtesy visit to the Johannesburg Stock Exchange (JSE) in Johannesburg.

President Motlanthe said South Africa would ...