WEDNESDAY, 10.30AM GROSS reserves held by the Reserve Bank in June rose only R300-million form the previous month, to R22,1-billion — well below expectations. The figures were released after Tuesday’s close of the Johannesburg Stock Exchange. The day had seen the relaxation of exchange controls and a 16-month high in the bond market, based on […]
WEDNESDAY, 3.30PM AS sporadic artillery fire continued in the Congolese capital Brazzaville on Wednesday, France and the United States began “joint steps” to convince the warring parties to come to the negotiating table. Announcing the initiative, French foreign ministry spokesman Jacques Rummelhardt did not elaborate on the measures, but noted that the foreign ministry’s African […]
WEDNESDAY, 9.30AM: The hard-tackling midfielder and South African international, Eric Tinkler, signed for the newly promoted English premier league soccer side Barnsley earlier this week. Tinkler, who joined Italian Series A Cagliari last year after a successful African Cup of Nations, said that to play in England is a dream come true. Barnsley paid 650 […]
TUESDAY, 4.00PM A NEW Initiative to connect hundreds of SA schools to the internet over the next few years was launched in Johannesburg this week. NetDay’97, planned for October 18, is part of a broad inititive to get schools online which evolved from a concept launched in California last year which has spread across the […]
WEDNESDAY, 4.30PM The head of the Anglican church in SA, Archbishop Njongonkulu Ndungane, on Wednesday called on all church members who were involved in the perpetuation of apartheid to appear before the truth commission. The call was made in a statement by Ndungane on the Anglican Church of the Province of Southern Africa’s submission to […]
WEDNESDAY, 11.00AM GOLD continued its downward spiral on Tuesday, hitting a new four-and-a-half-year low of $333,60/oz at London’s morning fix, before trading a fraction up at $333,70, then slipping as low as $333,10 in late trade. Bullion prices at these levels mean that several SA mines are producing at cost or below. Deelkraal, ERPM, Evander, […]
FREEDOM OF CAPE TOWN PRESIDENT Nelson Mandela is to be given the Freedom of Cape Town later this year, Nomaindia Mfeketo, chairman of the Cape Town city council said on Wednesday. She said it will be awarded to “a longstanding member of the city, the greatest leader of the century and our well-loved president”. NO […]
WEDESDAY, 11.30AM The department of transport on Tuesday announced the opening of tenders for the construction of the R1,2-billion N3 toll road between Heidelberg in Gauteng and Cedara in KwaZulu-Natal. Also announced were a concession contract on the R1-billion Platinum Road project to link Walvis Bay in Namibia with Maputo in Mozambique via the Trans-Kalahari […]
WEDNESDAY, 5.00PM FORMER security policeman Colonel Andre Erwee denied on Wednesday that one of his colleagues executed a wounded Umkhonto we Sizwe soldier, after interrogating him following a shootout near the Botswana border on July 10, 1986. He was testifying on the third day of the Truth and Reconciliation Commission’s amnesty hearing in Pietersburg. Another […]
WEDNESDAY, 11.00AM THE United States Federal Communications Commission on Tuesday gave the green light to an ambitious billion-dollar global satellite telephone network which is heavily dependent on a $350-million pledge by SA black empowerment group Vula Communications. The FCC granted Washington-based Mobile Communications Holdings Inc a licence to launch its 16 Ellipso satellites, which will […]