TUESDAY, 11.30AM JOHANNESBURG Consolidated Investments on Monday psotponed for the third time retrenchments at its Randfontein Estate Gold Mine to allow the National Union of Mineworkers time to complete a report on the proposed axing of 4 100 jobs. At the same time as it announced the new postponement, the company warned the NUM that […]
TUESDAY, 11.30AM: THE South African men’s hockey team drew 3-3 with Italy in their international match at the Trefontane Stadium in Rome on Monday. The South Africans started off strongly, scoring two goals in the first quarter — one from Greg Nicol in the 10th minute, and the next from Mike Cullen three minutes later. […]
ECSTASY CHARGE DROPPED A CHARGE of possession of the designer drug ecstasy against Dr Johannes Koekemoer, 54, was withdrawn in the Randburg Magistrate’s Court last week. Koekemoer was arrested in February, allegedly in possession of 56 ecstasy tablets. The charge was apparently withdrawn at the request of the attorney-general. Koekemoer was arrested during police follow-up […]
TUESDAY, 11.00AM: THE National Sports Council has retracted the statement it made on Sunday criticising the draft Sport and Recreation Bill as unconstitutional. The Council said on Monday the Bill has its support in principle, but the way in which it has been drafted is unacceptable. NSC president Mluleki George said the council’s executive committee […]
TUESDAY, 11.30AM THE United States commerce department has made a preliminary finding that Iscor and Highveld Steel have been dumping steel plate in the US market by charging domestic consumers more than US importers. The department imposed duties of 31% and 16% respectively against Iscor and Hiveld to reflect the differences between domestic and US […]
TUESDAY, 10.30AM THE Reserve Bank on Monday waived the requirement for a tax certificate by individuals wishing to move funds into offshore investments. Continuing to set the scene for a general relaxation in exchange controls, Bank exchange control GM Eric Pike confirmed that individuals will now no longer be required to present a tax certificate […]
TUESDAY, 8.00AM FRANCE, which failed so dismally to intervene in the dying days of Zaire, proved yesterday that it is still a power in Francophone Africa by mediating a ceasefire between the Congolese army and the private militia of a former president. French officials announced on Monday night that President Jacques Chirac has extracted agreements […]
TUESDAY, 11.00AM: THE British Lions rugby team has lost yet another player to injury; Scott Quinnell flew home on Monday with a strained groin muscle. Quinnell is the third player to leave South Africa within 10 days, close on the heels of lock Doddie Weir and flyhalf Paul Grayson. Grayson has a hip injury and […]
TUESDAY, 10.30AM The rand weakened to over R4,50 to the dollar on Monday, nearly 2c down on Friday’s close and its lowest level since February 5. The poressure on the local currency comes amid jitters causee by the imminent relaxation of foreign exchange controls. Market analysts believe the rand’s move above R4,50/dollar could see it […]
TUESDAY, 5.30PM LESOTHO opposition parties on Tuesday called for strikes and a civil disobedience campaign in protest at what they call the coup by Prime Minister Ntsu Mokhehle. “We are going to make Lesotho ungovernable and the parliament unworkable,” said opposition leader Tseliso Makhakhe, who is a deputy and president of the ruling Basotho Congress […]