THURSDAY, 1.30PM: A 22-MAN Congo national soccer squad arrived in the country on Wednesday. Congo will play against Bafana Bafana in a make-or-break World Cup qualifying match at FNB Stadium on Saturday. The Congolese embassy in South Africa took the players and their officials to a Sandton hotel after they rejected transport provided and the […]
US SCRAPS MOZ DEBT THE United States has written off $8-million of Mozambique’s debt, two-thirds of the total to have been repaid by mid-1999, the US embassy in Maputo said on Thursday. An agreement formalising the move was signed on Wednesday by Bank of Mozambique Governor Adriano Maleiane and Michael McKinley, the US embassy’s charge […]
THURSDAY, 1.30PM: OLYMPIC 800m silver medallist Hezekiel Sepeng made a sensational comeback when he won the 800m and clocked his second best time in 1min 43,44sec at the Grand Prix meeting in Zurich on Wednesday night. Sepeng, who was reduced to running in the B team, said he wants people to see that he is […]
THURSDAY, 11.00AM GOLD was the only major index on the Johannesburg Stock Exchange not to post losses on Wednesday, as Wall Street’s mood swings continued. The international volatility dragged the industrial index down 45 points to 9 243, but the turmoil was good for gold, with the gold index gaining 9 points to 1 026 […]
THURSDAY, 12.30PM THREE black empowerment groups are set to make a multi-million rand investment in PQ Africa, the company formed from the merger of Persetel and Q Data. Making the announcement on Wednesday at the release of Q Data’s annual results, current Q Data chairman and CEO of Persetel Q Data Africa (PQ Africa) Leen […]
THURSDAY, 12.30PM MARKET-leading bottler Amalagamted Beverage Industries and a consortium of small black-owned bottlers have emerged as the lead biddersa for the bottling plant of bankrupt local Pepsi bottler New Age Beverages. It is believed their offers range between R90-million and R100-million. Chief liquidator Les Cohen said on Wednesday the process of selecting the winning […]
THURSDAY, 4.30PM ABOUT 300 Johannesburg street vendors were on Thursday morning preparing to march to John Vorster Square police station to demand the release of at least six of their colleagues arrested on Wednesday during a rampage of smashing and looting through Johannesburg. Wednesday’s action followed a meeting at which hawkers decided to begin evicting […]
WEDNESDAY, 8.00AM DE BEERS chairman Julian Ogilvie Thompson is to step down after 13 years, to make way for Nicholas Oppenheimer, now deputy chairman. Oppenheimer, 52, becomes the third generation Oppenheimer to chair the company, following grandfather Ernest and father Harry. Ogilvie Thompson will retain his position as overall chairman of the greater Anglo American-Minorco-De […]
MORE CAPE FLATS VIOLENCE The continuing war between Cape Flats gangsters and vigilantes resulted in the death of a man on Tuesday night when two houses, allegedly the homes of drug dealers, came under attack within minutes of each other shortly before midnight. The occupants of a white Ford Sierra stopped in front of number […]
TUESDAY, 5.30PM BETTER than expected producer inflation figures released on Tuesday helped strengthen capital markets, paving the way for a strengthening of the Johannesburg Stock Exchange’s industrial index. The industrial index ended the day 28,3 points up on Monday, closing at 9 267,7. The index closed off the day’s highs however, as Wall Street opened […]