WEDNESDAY, 10.30AM FINANCIAL shares on the Johannesburg Stock Exchange were much in demand on Tuesday as the rand held its head up against the dollar, pushing the financial and all share indeices to new record highs, ignoring Monday’s huge losses on Wall Street. The all share index ended the day 0,65% or 47,3 points up […]
TUESDAY, 4.00PM ANGLOVAAL is to invest $7-million in Uganda to exploit mining concessions, following a joint venture agreement with Canadian company Pacific Vangold Mines, which holds mining concessions in Uganda. The venture was confirmed on Monday by the Ugandan Minister of Natural Resources, Gerald Ssendaula, who said he met the companies’ leaders during a recent […]
WEDNESDAY, 11.30AM: THE British Lions played to another big win on Tuesday night, when they beat Free State 52-30 in their match in Bloemfontein. The victory was marred by injury, when Lions centre Will Greenwood was carried off the field on a stretcher with a concussion. The Lions triumphed with seven tries to Free State’s […]
WEDNESDAY, 10.00AM: TUESDAY was a good day for South Africa at Wimbledon with three out of the four singles players winning their first-round matches. When rain stalled play on Monday, sixth-seed Amanda Coetzer was locked 6-6 with Alexandra Fusai in their first-round bout, but on Tuesday, she resolved the tiebreak and won the second set […]
WEDNESDAY, 3.00PM SOME 300 angry former Swapo guerrillas have been camped in the grounds of Namibia’s parliament since Monday, demanding an audience with President Sam Nujoma to complain that they have been unemployed since independence seven years ago. “I decided to come here to ask for a job,” one ex-guerrilla, Benjamin Gerwiseb, said. “The President […]
WEDNESDAY, 8.00AM GAUTENG’S MEC for housing, Dan Mofokeng, tried to bribe a policeman who found an AK-47 rifle in a cupboard in his house, a magistrate heard on Tuesday. Mofokeng pleaded not guilty to charges of possession of an unlawful AK-47 rifle and ammunition, and for failing to safeguard his licenced pistol, which was left […]
WEDNESDAY, 5.30PM The finance department on Wednesday made its long-awaited announcement on individual investments abroad, in which it said SA taxpayers will be allowed to invest R200 000 abroad without restriction from July 1. “The amount may be dealt with in any manner that the investor deems fit,” the department said in a statement. The […]
TUESDAY, 4.00PM GENCOR’s plans to build a new aluminium smelter in the Mozambican capital Moputo are to go ahead, the company announced on Tuesday. The R5-billion project known as Mozal, which aims to produce 245 000 tons of aluminium a year, will be the largest single private-sector investment in Mozambique, Gencor claimed. The South African […]
WEDNESDAY, 10.30AM TRANSNET’s container and parcel transport service PX, currently undergoing massive restructuring including halving staff numbers, has developed huge delivery backlogs as a result. PX chief Nico Heyns said an emergency management meeting was held on Tuesday to find ways to address the backlog, estimated to be about 250 000 parcels. “The restructuring has […]
WEDNESDAY, 3.30PM ANGOLAN rebel movement Unita is preparing to launch a fresh war, according to claims made on Tuesday by a senior Unita deserter. Colonel Rafael Kasanja claimed that Unita leader Jonas Savimbi is reorganising and strengthening his forces in the north and centre of the country. Fighting has already been reported between Unita and […]