WEDNESDAY, 8.30AM TWO provincial governments are in dire financial straits, having discovered that they will need massive central government funding to avoid disaster. Mpumalanga legislative committee chairman will attend an emergency meeting on Thursday to discuss ways to cope with an R900 million deficit. The current budget of R5 billion already represents a cutback of […]
WEDNESDAY, 11.30AM ANGLO American Platinum Corporation (Amplats) is to be restructured under a single listed entity through Rustenburg Platinum Holdings, the group said on Tuesday. Amplats MD Barry Davison said the deal involves exchanges of Rusplats shares for shares in Amplats and its operating companies, Lebowa Platinum and Potgietersrust Platinums, and the sale of the […]
WEDNESDAY, 11.00AM: THE South African Springbok side broke their 1995 record winning score of 60-8 against Samoa when they trounced Tonga 74-10 in their one-off Test at Newlands in Cape Town on Tuesday night. South Africa ploughed through the Tongans right from the start, notching up 12 points in the first eight minutes, and finishing […]
WEDNESDAY, 2.30PM THE National Party is to press ahead with its plan to take the Truth and Reconciliation Commission to court for a ruling on its accusations that the TRC has has been biased in its dealings with the party, NP justice representative Sheila Camerer said on Tuesday. Camerer’s statement comes in the wake of […]
WEDNESDAY, 2.30PM A CAPE Town schoolgirl has been awarded R70 000 in damages for emotional anguish suffered at the hands of her mother’s lover, who raped her repeatedly from the age of nine to 12. The girl sued the rapist in a civil case after he was jailed for seven years in 1995 for the […]
WEDNESDAY, 5.30PM FORMER National Party cabinet ministers approved a strategy in 1986 to provide support for Witdoek vigilantes in the Western Cape as a counter-revolutionary measure, the Truth and Reconcillation Commission heard on Wednesday. Former regional development board member and town clerk of Crossroads, Ricky Schelhase, said the aim of the strategy was to reward […]
WEDNESDAY, 12.30PM The rand held on to the key R4,50 to the dollar rate on Tuesday despite fears of another slide due to impending relaxation of foreign exchange controls. The currency hit a four-month low on Monday on fears of capital flight precipitated by lifting of forex controls, which in turn led to concern that […]
WEDNESDAY, 12.30PM: THE South African men’s hockey team beat Italy 2-1 in their second international in Rome on Tuesday, overtaking Italy’s 1-0 half-time lead. Greg Nicol and Mike Cullen scored one goal each in the 43rd and 49th minutes respectively. The win was a boost to the team’s confidence after their 3-3 draw with Italy […]
WEDNESDAY, 8.30AM ECONOMISTS were delighted by April’s producer inflation rates from the Central Statistical Services, the first in months to show a sharp decline. April’s inflation rate was 8,8%, against 9,6% in March. A key factor was the drop in world crude oil prices which brought the imported commodities component of the Producer Price Inflation […]
WEDNESDAY, 11.30AM ONE of SA’s largest poroperty owners, Anglo American Property Services (Ampros), has dealt a severe blow to the country’s struggling city centres, by announcing it will sell all its central business district properties in Johannesburg, Pretoria, Durban and Cape Town. Ampros’s three listed vehicles, Apex Property Fund, Compass Property Holdings and Anglo American […]