WEDNESDAY, 4.00PM INKATHA Freedom Party leader Chief Mangosuthu Buthelezi on Wednesday morning denied any knowledge of hit-squad killings by Caprivi-trained IFP members, and said he was astounded such allegations are being made. On Tuesday the self-confessed commander of the Caprivi trainees, Daluxolo Luthuli, said there was no way Buthelezi could deny he was aware of […]
WEDNESDAY, 10.30AM THE Johannesburg Stock Exchange’s industrial index rocketed to a new high yesterday as investors took hope from Reserve Bank statements that monetary policy will not be affected by the latest depreciation in the rand and widespread expectations of an imminent interest rates cut resurfaced. Industrials added 73 points to take the index to […]
WEDNESDAY, 10.30AM: NEW car sales in July increased for the second consecutive month, rising 2,1% against last July to 21 994 units. Latest figures from the National Association of Automobile Manufacturers of SA show new passenger car sales for the first seven months of this year up 2,9%, at 144 446 units, over the same […]
WEDNESDAY, 10.30AM The proposed free trade deal between South Africa and the European Union will cost SA’s Southern African Customs Union partners R350-million, according to the final report on the effects of the deal. The other Customs Union partners, Botswana, Lesotho, Namibia and Swaziland, share external tarfiis with SA and are heavily reliant on income […]
WEDNESDAY, 5.30PM ADVOCATES of constitutional reform in Kenya on Wednesday gave President Daniel arap Moi an ultimaltum to accept constitutional negotiations or face a general strike. The ultimatum was handed down late on Tuesday by opposition figures, 22 religious leaders and the executive council of the National Convention Assembly, the umbrella organisation seeking the reforms, […]
WEDNESDAY, 1.00PM: AMAZULU have signed up Zimbabwean international striker Stewart Murisa from Caps United in Zimbabwe. Murisa will replace Simon Magagula, who moved to Orlando Pirates earlier this month. Murisa said on Monday he was looking forward to the new challenge with great interest. “If I am selected in the starting line-up on Sunday, I […]
WEDNESDAY, 10.30AM: ANGLO American Platinum Corporation (Amplats) reported a 9,5% drop in taxed income for the year to June as last year’s crippling strike at Rustenburg Platinum Holdings led to losses at the group’s main revenue earner. The group also took a knock from increased costs at Lebowa Platinum Mines and Potgietersrust Platinum Mines. The […]
TUESDAY, 8.30AM THE R28,63-million Tollgate fraud trial began yesterday, the much-delayed probe into one of South Africa’s biggest corporate collapses. In the dock was only one of the three alleged co-conspirators, former director Mervyn Key. Tollgate chairman Julian Askin and his colleague Lawrie Macinkintosh have both fled to the UK. Key is accused of “thievery […]
TUESDAY, 10.30AM The rand depresiated further against the dollar on Monday, losing 3c to hit a new six-month low of R4,66, before backing of slightly to close at R4,6555. However, analysts said the latest fall in the local currency is not yet cause for concern and is well within expectations. Reserve Bank deputy governor James […]
TUESDAY, 10.30AM: THE US-based multinational Dow Chemical Company has offered to buy troubled local chemical giant Sentrachem for R2-billion in a deal which see the US company relaunching its local investments after disinvesting in 1987. Sankorp, Sentrachem’s largest shareholder, has accepted an offer of R10,50 a share for its 38,74% stake and, according to Sentrachem […]