WEDNESDAY, 11.30AM ANGLO American Corporation has posted a 23% increase in earnings for the year to end-March, bringing total headline earnings for the year to R5-billion. Headline earnings a share increased to R21,44 (from R17,46 in 1996), while total net earnings were up 61,4% to R7,1-billion, giving a net shar earning of R30,37 (R18,85). A […]
BISHO MASSACRE AMNESTY FORMER members of the Ciskei Defence Force have applied for amnesty for their part in the 1992 Bisho massacre. The applications were submitted after Bisho attorney-general Leon Langeveld warned them earlier this year that they may still face prosecution for their actions. DP-IFP TALK SHOP PARTY leaders from the Inkatha Freedom Party […]
TUESDAY, 5.30PM AFRICAN leaders attending the Organisation of African Unity summit in Harare on Tuesday held the historic first meeting of the African Economic Community, an organisation founded to promote economic unity and fight poverty and deprivation. Zimbabwean President Robert Mugabe, who assumed chairmanship of the 53-member OAU at its 33rd summit, said the establishment […]
TUESDAY, 11.30AM THE United States trade surplus with SA, which hit record levels last year despite the rand’s crash, fell in the first quarter this year largely due to a 10% decline in the value of US imports to SA. The first quarter tarde surplus decreased 28% from $299-million to $217-million. At the same time […]
TUESDAY, 8.30AM ENVIRONMENT Minister Pallo Jordan on Tuesday reiterated the SA government’s commitment to support resumption of the trade in ivory and rhino horn. Jordan told the National Assembly’s environment committee that his department was presented with a fait accompli after decided to support a Southern African Development Community position on a resumption of the […]
TUESDAY, 11.00AM LATEST Reserve Bank figures show foreign capital flowed into SA like never before in May, boosting the Bank’s gold and foreign exchange reserves by R7,4-billion to an all-time high of R21,8-billion. The massive inflows, which came a month before the lifting of foreign exchange controls, were much bigger than anyone had forecast, even […]
TUESDAY, 9.00AM: THE 1997 Squash season begins this week, with Glenn Whittaker leading the rankings list 80 points ahead of second seed Craig Wapnick. Squash South Africa released their first ranking list on Monday, and Whittaker, of Gauteng, is sitting at the top with 1 765 points, to Wapnic’s 1 675 points. SOUTH AFRICAN TOP […]
TUESDAY, 11.30AM FINANCE Director General Maria Ramos said on Monday that SA plans to borrow R4-billion in foreign currency during the rest of this financial year. Speaking at the South Africa in Europe conference, Ramos said her department is aiming at a R2-billion yen issue in about a fortnight, to be followed by a similar-sized […]
TUESDAY, 8.30AM NIGERIAN ships shelled Freetown yesterday from daybreak until lunchtime, reportedly killing about 20 civilians. The coup leaders, backed by rebels, continued their attack on the seafront hotel (see below) where about a thousand foreigners have taken refuge, under guard from Nigerian soldiers. The rebels appear to suspect that a Nigerian attack will start […]
MONDAY, 4.30PM THE Motheo construction company at the centre of the Mpumalanga housing scandal is not about to close its doors, and the Mpumalanga rural housing project is going ahead, Motheo director Thandi Ndlovu said on Tuesday. Ndlovu was responding to rumours which surfaced in a parliamentary housing committee hearing into the project, when Motheo […]