WEDNESDAY, 3.30PM IT will not be possible for the Truth and Reconciliation Commission to comply with the National Party’s demand for an unconditional apology by Wednesday noon, TRC deputy chairman Dr Alex Boraine said on Tuesday night. Boraine said a letter signed by commission legal adviser Hanif Vally would be sent to the Nats before […]
WEDNESDAY, 10.30AM THE Industrial Development Corporation has sold a portion of its stake in oil-from-coal parastatal Sasol to finance its $125-million commitment to a Maputo aluminium smelter project, and will sell off the rest of its 10% Sasol stake over the next few years. Speaking at an interview at the Europe in SA conference in […]
WEDNESDAY, 11.30AM FINANCIAL markets were bullish on Tuesday, boosted by news of record gold and forex reserves, government’s successful Samurai bond launch and lower money market rates. The Reserve Bank’s strong reserves in April pushed long bond rates through key resistance levels and boosted share prices on the Johannesburg Stock Exchange. The buoyant mood in […]
WEDNESDAY, 4.30PM THE Mpumalanga government is to wind up the procince’s Development Corporation and Finance Corporation for failing to perform within the provincial government’s policy framework, acting premier Jacques Modipane said on Wednesday. Modipane added that allegations of corruption in the two bodies necessitated their closure. The MDC ran afoul of the provincial government when […]
WEDNESDAY, 11.00AM: THE Nelson Mandela Inauguration Challenge Cup against Holland kicks off at 7.30pm at FNB Stadium tonight, and newly recalled Bafana Bafana striker Mark Williams will go all out to play his best. “I’m not going to allow myself to be put under pressure. On the contrary, I’m going to enjoy and savour the […]
ONLY $3,5m OF MOBUTU’S LOOT FOUND SWISS banks have found only $3,5-million in assets held by ousted Zairean dictator Mobutu Sese Seko, who siphoned off billions during his 30-year rule. The assets so far found include foreign shares, bonds, securities and a safe deposit box yet to be opened. The discoveries were made after a […]
WEDNESDAY, 12.00 NOON: SOUTH AFRICAN club Orlando Pirates will lead Group A in the inaugural African Champions League, while four-time winners of the league, Zamalek of Egypt, will lead group B. Pirates, who have won CAF cup once before, and have been grouped with Primeiro de Agosto of Angola, USM Alger of Algeria, and Raja […]
WEDNESDAY, 11.00AM: AMANDA COETZER made short work of Steffi Graf in their French Open quarterfinal match at Roland Garros, Paris, on Tuesday. The South African won the game in straight sets, 6-1, 6-4, taking her to her second Grand Slam semi-final. Coetzer was cool and disciplined against an error-prone Graf, who only began playing well […]
WEDNESDAY, 11.30AM The retrenchment of up to 4 000 workers at Johannesburg Consolidated Investments’s Randfontein Estates gold mine has been suspended pending the outcome of new negotiations between JCI and the National Union of Mineworkers, mine GM Gordon Miller said yesterday. Miller added, however, that 500 skilled and managerial staff had already left the mine […]
WEDNESDAY, 9.00AM The government has agreed to a one-year reprieve for its plans to end non-taxable housing perks, following a meeting with the parliamentary finance committee which expressed strong objections to the bill last week. The Income Tax Bill to be presented to parliament tomorrow attempts to close up some of the more blatant tax […]