WEDNESDAY, 11.00AM LOCAL mining house Johannesburg Consolidated Investments is to invest $660-million in an iron project in the Mozambican port of Beira, JCI executive chairman Mzi Khumalo said on Tuesday. Khumalo said the project will be one of the most competitive in the world, and will be central to economic development in Mozambique. The facility […]
WEDNESDAY, 10.30AM INTERNATIONAL callback operators have been given two weeks to shut their local operations by the SA Telecommunications Regulatory Authority. Satra chairman Nape Maepa said the callback operators are contravening the Telecommunications Act, which says that only licensed entities may provide telecoms services. Telkom is the only licensed telecoms service provider in SA, and […]
WEDNESDAY, 1.00PM: SOUTH AFRICAN Rugby Football Union president Louis Luyt has called all 14 provincial rugby coaches to attend a meeting at Ellis Park on Thursday, following recent poor perfomance by the Springboks. The meeting will provide national coach Carel du Plessis and other coaches a chance to thrash out short and long-term plans to […]
WEDNESDAY, 3.30PM CONVICTED Hani murderer and former Conservative Party politician Clive Derby-Lewis continued his testimony before the truth commission’s amnesty committee on Wednesday by describing his extensive political links with foreign right-wing organisations. Derby-Lewis and Polish immigrant Janusz Walus were convicted of the April 10 1993 murder of SA Communist Party and African National Congress […]
WEDNESDAY, 1.00PM: SOUTH AFRICA’S Theo Verster and Renate du Plessis broke South African and African records on the third day of the Pan Pacific swimming championships in Fukouka, Japan on Tuesday. Verster finished eighth in the men’s 100m butterfly final with a time of 54,58sec, just above his own national and African record of 52,22sec. […]
WEDNESDAY, 10.30AM: The board of directors of Sentrachem on Tuesday decided to recommend that shareholders reject US-based chemicals giant Dow Chemicals Company’s R10,50 a share takeover offer, leaving the R2-billion proposed deal hanging in the balance. The board said it believes the offer “does not adequately represent the value of Sentrachem’s business”. Sentrachem shares jumped […]
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 […]
WEDNESDAY, 5.00PM The fire that destroyed one floor of the Zambian government headquarters in Lusaka on Tuesday appears to be linked to another fire that destroyed a makeshift market used by street hawkers, precipitating violent protests by street vendors in the capital which led to police firing live ammunition and teargas, and closing all access […]
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 […]