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Afrox Healthcare empowerment deal gets green light and other brief reports

Publish date: 03 March 2005
Issue Number: 1288
Diary: Legalbrief Today
Category: Corruption

* The Competition Tribunal has approved the sale of Afrox Healthcare to a BEE group, setting conditions aimed at eliminating crossholdings and putting restrictions on its sale of equity. The long-awaited deal will see African Oxygen sell 69% of its stake in Afrox Healthcare. – Business Day

* The government’s draft fishing policy failed to consider the plight of thousands of subsistence fishermen, a Western Cape body working with the poor said yesterday. ‘It’s a myth that small-scale fishermen will be given greater access rights,’ said Naseegh Jaffer, director of Masifundise. – Business Day * The inquiry into EBN Trading, an entity which was been targeted in a bid to recover R160m invested in the PSC Guaranteed Growth Fund, failed to proceed with the questioning of witnesses yesterday, but additional creditors’ claims against EBN were submitted for consideration. – Business Report * Charles Nqakula, the Safety and Security Minister, says he is concerned that the murder of a member of the Zulu royal family may indicate a resurgence of political violence in KwaZulu-Natal. He was reacting to the shooting of Prince Thulani Zulu at Nongoma in northern KwaZulu-Natal yesterday. – SABC News * Correctional Services Minister Ngconde Balfour has welcomed proposals by the DA in Parliament that the more than 134 000 sentenced prisoners serving time in jail work and contribute towards their board and lodging, or take part in occupational training for the duration of their sentences. – The Herald

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