TUESDAY, 11.30AM THE Reserve Bank’s foreign exchange control division may be used to fight rampant money laundering as government progressively lifts foreign exchange control restrictions. It is believed that discussions have taken place on the possibility of using the Bank’s exchange control division to police money laundering activities once restrictions are lifted. Registrar of Banks […]
TUESDAY, 4.00PM The national executive committee of the African National Congress on Monday decided that Bushbuckridge should stay in Northern Province, a move which is bound to anger residents pushing for the area to be incorporated in Mpumalanga. In a statement released after the decision was taken, the ANC, referring to recent rioting in the […]
TUESDAY, 10.30AM JOHANNESBURG Consolidated Investments’ discussions on a potential merger with international mining giant Lonrho are under threat after local mining houses Avmin and Gencor took an active interest in acquiring a stake in Lonrho. Avmin has declined to comment on the report, and Gencor’s directors are overseas. It is believed Avmin is about to […]
MONDAY, 1.00PM: GAUTENG Lions walked over Natal Sharks to a 42-8 win in their Super 12 match on Saturday at Ellis Park in Johannesburg. Lions’ recent games have been beset by injuries, but the young team that faced the Sharks proved their worth, leaving their side fifth on the log. The half-time lead was 16-3, […]
MONDAY, 5.00PM The man who blew the lid off corruption in Mpumalanga’s safety and security deparment, principal traffic inspector John Muller, stands to lose his house after being served with a summons for failing to pay his bond. The bond payments, which were previously made by the traffic department, were stopped after traffic director Henry […]
MONDAY, 2.00PM: JOMO COSMOS beat Dynamos of Zimbabwe 2-0 at the PAM Brink Stadium on Saturday, putting them in the quarterfinals of the African Cup Winners’ Cup with a 3-2 aggregate. Mozambican import Nuro Taulibudine scored the first goal just before half time off a free kick, and the second goal came in the last […]
MONDAY, 11.30AM THE Small Business Development Corporation has increased its operating capital available for lending by 60% to more than R330-million for the financial year to March 31 1998. The increase comes as a result of the larger average size of business loans being awarded by the corporation since it stopped lending to micro enterprises […]
MONDAY, 3.00PM: THE United Cricket Board has named the players to be offered contracts for the next season, to represent South Africa over 1997/1998. The team will tour to Pakistan, England and Australia, and in return Pakistan and Sri Lanka will visit South Africa. The players are: Hansie Cronje, Brian McMillan, David Richardson, Fanie de […]
NIGERIA BAN ON UK PLANES NIGERIA has banned all British aircraft from its airspace. No reason has been given for the ban, but it follows the British government’s refusal to renew the Nigeria Airways permit to operate its lucrative Lagos-London route. Nigeria Airways was suspended last year from flying to London because its flights did […]
MONDAY, 11.30AM GOVERNMENT’S financial team has received a new blow with the resignation of Hannes Smit, the director general of state expenditure, which comes hard on the heels of last week’s announcement that SA Revenue Service CEO Piet Liebenberg had resigned. Smit announced on Friday that he will not renew his service contract when it […]