AfricanBUSINESS

N°288 J u n e 2003

N i g e r i a : A f t e r t h e e l e c t i o n s , E C O N O M Y T A K E S P R I O R I T Y

S o u t h A f r i c a :

S p o r t i n g B u s i n e s s : G o l f i n g

H a p p y d a y s f o r t h e e c o n o m y ? f e v e r t a k e s o v e r i n A f r i c a

Ed it o r ia l 11 Africa’s opportunity at C8 summit

Co v e r Sto r y 12 Now Obasanjo must tackle the economy 16 Obasanjo as a democratic leader 17 Oil revenue leakage

V i e w f r o m t h e C ity 18 What the future holds for investors

To p ic 20 DRCongo: Hoping beyond hope 22 Britain gets tough with Uganda

Co u n t r y Fo c u s 24 S Africa: A calculated gamble

O il & G a s 28 Dreaming the oil dream

C o m m o d i t i e s 30 The outlook for base metals

T r a n s p o r t 32 Nigerdock gets ready for privatisation 33 Cape Town’s bus revolution

N e w Pr o d u c t s 34 A car that parks itself; Biodegradable shopping bags; The fog beetle; Filing cabinets join the dinosaurs 35 No more wobbly meals; Eccentric odd ball, or new-age genius; Nutrition for the needy

W h e e l s 36 The new Jaguar XJ

M e d ia 4 0 ThisDay storm hits South Africa

En e r g y 42 Siemens flags off massive DRC project

COUNTRYFILE 44 International:Australia takes up cudgels for Africa 46 Ghana: Approaching the fork in the road 50 Tanzania: Nile Perch boom 52 Mozambique: Tomorrow is another country 54 Tunisia: Gas to fill the power vacuum 56 Maghreb: War spurs boycott of US goods 58 Zambia: Battle over

State Bank privatisation

S p o r t in g Bu s in e s s 6 0 Golf: The new African happening

Re v i e w s B o o k s / M u s ic 62 Empire: How Britain

Made the Modern World 64 The Girl Who Can

Home and Exile Caine Prize Writers’ Workshop 66 El Congo Brazza Kin/Various Artists

A f r i c a n B u s i n e s s I J u n e 2 0 0 3

3