THURSDAY, 11.30AM TSOGO Sun’s position as preferred finalist for a casino resort in the Mpumalanga capital of Nelspruit was placed in jeopardy yesterday when rivals Karos Hotels and Esikhehleni won a dramatic high court ruling which will likely delay the establishment of a Nelspruit casino complex for several months. Karos and its associate Esikhahleni argued […]
THURSDAY, 8.30AM FW DE KLERK, widely believed to have fallen out with his heir apparent Roelf Meyer, announced last night that he was scrapping Meyer’s task group investigating the possibility of forming a new party. The decision is a victory for the party’s Western Cape right-wing, which opposes radical changes to the party. Meyer, former […]
THURSDAY, 2.30PM: RESCUE operations at Gold Fields’ Deelkraal mine have been halted following this morning’s discovery of a ninth body after two seismic tremors last night caused rockfalls 2,6km down the mine. Mineral and Energy Affairs Minister Penuell Maduna is at present visiting the mine, following which he will visit injured miners in hospital. Following […]
THURSDAY, 11.00AM ELECTRICITY parastatal Eskom yesterday announced it has made a bid for 75% of the Zambian power utility, and is investigating constructing a 400kV power line through Swaziland to Mozambique. Eskom made the announcement at the launch of a major low-cost housing project in Midrand, with the capacity tomprovide 8 000 rental units and […]
THURSDAY, 12.30PM: SUNDOWNS trampled over Umtata Bush Bucks on their own territory yesterday, when they beat Bucks 3-2 in their Castle Premier League match at the Independence Stadium in Umtata. Isaac Shai of Sundowns scored the first goal in the 19th minute, and within six minutes striker Raphael Chukwu doubled the Sundowns lead. Bucks’ Tshepo […]
WINNIE AT TRC IT IS “more than likely” that ANC Women’s League president Winnie Madikizela-Mandela will be called by the Truth Commission to explain her involvement in the kidnapping and death of child activist Stompie Seipei in 1989, commissioner Yasmin Sooka said today — the first official confirmation that the commission intends issuing a subpoena […]
THURSDAY, 11.00AM The long-awaited trade in rand-dollar futures began yesterday on the SA Futures Exchange and the Chicago Mercantile Exchange. Dealing in the futures and options, which allow investors to hedge future risk, made a slow start, with trade in Chacago outpacing Johannesburg. Only one contract was completed in Johanesburg, as opposed to 150 in […]
WEDNESDAY, 6.30PM BUSINESS confidence was up last month. thanks to the stability of the rand, the possible peaking of the inflation rate and a sustained inflow of foreign capital. “The business mood remains cautiously optimistic,” South African Chamber of Business economic policy director Ben van Rensburg said on Wednesday, announcing that the Sacob monthly business […]
THURSDAY, 4.00PM: AN African National Congress town councillor from Richmond in the KwaZulu-Natal Midlands was early Thursday shot dead as he left his home. Rodney van der Byl, 54, was shot about eight times in an attack local residents say is linked to Van der Byl’s refusal to resign in support of expelled Midlands ANC […]
THURSDAY, 4.00PM: SINCE former Zimbabwean president Canaan Banana was accused of homosexual rape by his former aide de camp earlier this year, dozens of students, soccer players and soldiers have approached police investigating the claims with complaints that they too had suffered sexual harassment from Banana, the Financial Gazette repotred Thursday. The allegations first arose […]