Search Results for: South Africa

BY RICHARD HURST
SOUTH Africa’s Eastern Cape sheep farmers are coming under increasing threat from stock theft, with the resulting financial losses hitting the industry. The theft and slaughter of the sheep has started to drive farmers in the region away from sheep to cattle.…

BY KEITH NUTHALL
FEED the world. Bob Geldof. Don’t they know it’s Christmas time? Food aid: it is supposed to be simple. Poor countries have hungry people. Rich countries have fat people. The developed world sends food to the developing world.…

BY MONICA DOBIE
THE INSURANCE industry is being warned by the International Chamber of Commerce’s Commercial Crime Bureau (CCB) to be suspicious of documents promoting policies using the good name of the ICC.

Fraudsters are mentioning a fake standard called the “Modified Insurance Guarantee ICC 4081,” used in fraudulent documents relating to bank guarantees and letters of credit to add credibility to fictitious policies and high yield investment schemes.…

BY RICHARD HURST
MALAYSIAN petroleum giant Petronas has entered into a contract with South African technology company Prism to manufacture 672 secure self-service payment terminals. The latest deal, worth around Rand 15-million and brings to 3,054 the number of Prism terminals installed at Petronas petrol stations.…

BY MARK ROWE
DAEWOO Shipbuilding Marine Engineering Co, the world’s second largest shipbuilder, has won a US$426 million order so supply an oil and gas rig to Angola. The South Korean firm said it would build the rig in the west African state for US oil giant ChevronTexaco Corp by the end of 2003.…

BY SWINTEETHA DIAS WICKRAMANAYAKA
THE SALE of Sri Lanka’s state owned Insurance Corporation is underway, with the appointment of a tender board and technical evaluation committee to handle the privatisation and the award of an overseeing contract to Pricewaterhouse Coopers.

As the south Asian country’s only state owned insurance venture, the Insurance Corporation commands a 44 per cent market share in general insurance and 35 per cent in life portfolios and has been prospering from a 1.2 per cent growth rate.…

BY KEITH NUTHALL
THE WORLD Health Organisation is advising countries experiencing a rise in resistance amongst malaria mosquitos to conventional medicines, such as chloroquine, to start promoting new combination treatment. These Artemisinin-Based Combination Therapies are derived in part from a Chinese herb, killing malaria parasites very fast, allowing patients to recover rapidly with few side effects.…

BY MATTHEW BRACE
ELECTRONIC noses being developed in Australia are to be tested to monitor smell levels from factories; industry is being pressured to clean up its act with smell being a key issue.

The odour sentinels, created by the Centre for ChemoSensory Research at the University of New South Wales in Sydney, stand like small sentry boxes sniffing out bad smells and alerting engineers automatically.It…

BY MONICA DOBIE
Tyre producer, Pirelli Pneus SA, a subsidiary of Italy’s Pirelli SpA, is likely to receive financial assistance from the European Investment Bank to help the company flourish in the South American market.

The bank has drawn up plans to lend the company Euro 44 million to modernise and extend an existing plant in Feira de Santana, in Bahia Brazil, to produce radial tyres for light vehicles.…

BY MARK ROWE
CAMBODIA’S increasingly stable political environment has led to an unexpected boom for the air industry in south-east Asia, with carriers moving quickly to increase the frequency of their routes to the country.

The main interest focuses on the ancient ruins of Angkor Wat, one of the great sights of Asia, with the Cambodian tourism authorities announcing a US$73million plan to redevelop Siem Reap airport near the temple ruins.…