WEDNESDAY, 10.30AM VIRGIN Atlantic Airlines, which last month pulled out of the bidding stake for parastatal Sun Air, on Tuesday expressed interest in bidding for a majority stake in any future privatisation of SA Airways. “WE recently pulled out of the bidding for Sun Air. We’ll be looking for an alternative source of investment in […]
WEDNESDAY, 1.00PM A NAMIBIAN human rights group has released a report claiming that 1 768 Angolans from the former Unita stronghold of Cuando-Cubango have disappeared or been killed while in the custody of Namibia’s army. At a press conference in Windhoek, National Society for Human Rights director Phil ya Nangolo said the killings and disappearances […]
TUESDAY, 4.30PM ZIMBABWE’s first privately owned mini hydroelectric power station, which will feed electricity into the Zimbabwe Electricity Supply Authority national power grid, will come on stream later this week. The 750 kW hydroelectric station, constructed at a cost of Z$7,5-million ($681 000), is situated on the Nyahode river, in the Chimanimani mountains. The project […]
WEDNESDAY, 2.30PM: MIKE TYSON’S fall from the World Boxing Association (WBA) rankings could give two South African heavyweights a crack at the world title. Fransie Botha and Corrie Sanders are in line for title shots soon. The American-based Botha is now the number one challenger for Evander Holyfield’s title. The former World Boxing Organisation (WBO) […]
WEDNESDAY, 8.30AM THE US economic forecasting and consulting service DRI/McGraw Hill, reported on ten major emerging markets yesterday, ranking South Africa the riskiest of them. The report ranks each country against 50 variables, ranging from government policies to political and economic risks, and deems South Africa risky because unemployment is increasing while economic growth slows; […]
WEDNESDAY, 2.30PM: AWESOME Sports International (ASI) is still the marketing arm of the South African Football Association (Safa). The chief executive officer of Safa, Danny Jodaan, has denied reports that Safa has terminated its contract with ASI. According to Jordaan, nothing has changed and ASI will handle Safa’s international programme. “Legally, ASI is still the […]
WEDNESDAY, 11.30AM GENCOR chairman Brian Gilbertson, fresh from an investor roadshow to promote the group’s Billiton listing on the London Stock Exchange, said on Tuesday the share offer is looks set to attract far more than the 1-billion originally predicted. Rejecting cliams that Gencor is “emigrating”, Gilbertson said government’s green light for the share offer […]
WEDNESDAY, 10.30AM NEVER one to ditch a tried and tested formula, the Walt Disney Corporation is following an illustrious line of colonisers who viewd the Cape of Good Hope as the gateway to the Dark Continent, with its announcement on Tuesday that it is to use its Cape Town subsidiary as a springboard into Africa. […]
WEDNESDAY, 4.30PM ALLAN BOESAK and his co-trustees in the defunct Foundation for Peace and Justice were on Wednesday sequestrated in the Cape High Court. Boesak, Jan de Waal and Pierre van der Heever were placed under provisional sequestration in May. As no one opposed the provisional order, Justice Chetty on Wednesday granted FPJ creditor Boland […]
BRAZZAVILLE FIGHTING ESCALATES FIGHTING in the Congo capital Kinshasa escalated on Tuesday, once again putting peace talks in jeopardy. The tense situation in the city has been characterised by almost daily ceasefires, which are broken as they are announced. The opposing sides were reported to have spent the day trading mortar and machinegun fire near […]