TUESDAY, 3.30PM UNITED Nations secretary-general Kofi Annan will not meet President Nelson Mandela on Friday, the president’s office said on Tuesday. Mandela’s office announced the meeting on Monday and Mandela confirmed it on Tuesday, despite a denial issued on Monday night by the United Nations. Mandela’s spokesman Parks Mankahlana said that in telephonic discussions with […]
MONDAY, 8.00AM: COMMUNICATIONS minister Jay Naidoo has announced a committee of “stakeholders” to advise him on broadcasting issues ranging from foreign ownership to the effects of competition on the SABC to Internet and satellite policies and the need for a school of broadcast journalism The part-time committee will be chaired by University of the North […]
MONDAY, 4.30PM EBRAHIM SATARDIEN, the man accused of murdering People Against Gangsterism and Drugs national secretary Ebrahim Khan was on Tuesday granted R10 000 bail in the Wynberg Magistrate’s Court. Pagad members were noticeable by their absence from the hearing, after packing the court and hurling abuse at the accused during previous hearings. Khan was […]
TUESDAY, 10.30AM: TRANSNET, the parastatal transport holding company has managed to curtail its loss for the year to March 31 to R170-million, from R253-million the previous year, largely due to a leap in profit at rail subsidiary Spoornet and reductions in labour costs. Transnet MD Saki Macozoma said the group had “done well” to increase […]
TUESDAY, 10.30AM: SOUTH African Football Association CEO Danny Jordaan on Monday said Namibia has confirmed its participation in this year’s Four Nations Cup. Jordaan said the tournament is alive and will take place at venues where it will not interrupt the League’s programme. He said the first two matches are likely to be played in […]
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 […]
TUESDAY, 11.00AM: SOUTH AFRICA’S 800m trio — Hezekiel Sepeng, Marius van Heerden and Hendrix Mokganyetsi — advanced to the second round at the World Athletics Championships in Athens on Monday night. Sepeng, who ran in the first and fastest heat of the five, finished second in 1min 46,42sec behind the world record holder Wilson Kipketer […]
TUESDAY, 2.30PM NAMIBIA will not follow South Africa into allowing its citizens to open foreign currency accounts, the bank of Namibia has announced. Senior Research Manager Ehrenfried Merero told a briefing that the Bank was obliged to be prudent and the economy was not yet ready for relaxed controls. “The issue is not whether Namibian […]