Yearly Archives: 1999

ALAN FINLAY, Johannesburg | Wednesday 12.30pm. SPECULATORS preying on a struggling gold price over the past year have been caught with their pants down, with one analyst estimating the over-the-counter market may be as much as 3000 to 4000 tons short. “There’s a scramble to buy back gold,” said Fedsure’s Nick Goodwin, who predicts the […]

INTERNATIONAL credit rating agency, Duff & Phelps (DCR), has placed the domestic ratings of Nedcor Bank and Standard Bank on positive rating watch, following the recent announcement that the banks are investigating a merger. FitchIBCA expressed concerns about industry and risk concentration when evaluating the firms’ ratings. According to DCR analyst, Charles Nel, if the […]

CAPE Empowerment Trust (CET) has emerged successfully from its maiden year of operations despite delays in the release of its first annual report. According to its results released on Wednesday, turnover for the Western Cape-based empowerment initiative reached R18849-million for the period ended 28 February. Net income consolidated at R14264-million and earnings per share were […]

TWO West African men who dreamed of a new life in Europe, in exchange for helping load a cargo vessel with timber in the Ivory Coast, ended up on a raft in raging shark-infested seas off the Eastern Cape coast before miraculously paddling to shore — and an Alexandria police cell — over the weekend. […]

JOHN Eales has been confirmed as captain of the Australian team to face Romania in their opening World Cup match in Belfast on Sunday. Eales has fully recovered from a shoulder injury, and finds himself back in the Wallaby starting line-up for the first time this year. Eales will be partnered in the second row […]

THE Vodacom Tour makes its first major foray into Africa this week when the Royal Swazi Sun Classic tees off at the Royal Swazi Sun Country Club on Tuesday. Justin Hobday returns as the defending champion in this R200000 event played at the par-72 Royal Swazi Sun golf course, nestled in the beautiful Ezulwini Valley […]

OWN CORRESPONDENT, Nelspruit | Thursday 8.45pm. THE ANC has accused Public Protector Selby Baqwa of violating his powers, wasting tax money and acting subjectively during his probe into Mpumalanga’s “lies scandal”. Accusing Baqwa of acting without a mandate and of dangerously undermining the credibility of his office, ANC speaker after speaker rose to reject the […]

JOHANNESBURG soccer giants Kaizer Chiefs were found not guilty by a Premier Soccer League disciplinary comittee after failing to turn up for a Castle Premier League fixture against Hellenic at the Rand Stadium in Johannesburg last Tuesday. Chiefs refused to play the match, saying that the fixture, which was initially scheduled to be played on […]

THE Border Cricket Board has adopted a new identity. The union, based at Buffalo Park in East London, will in future be known as the Border Bears. “Strong names for sports teams are proving a great marketing success in South Africa,” said Border Cricket CEO Reunert Bauser at the launch of the new identity at […]

African National Congress MP Duma Nkosi was shot and seriously injured during what police suspect to be an attempted hijacking in Johannesburg on Wednesday night. Nkosi, the chairman of Parliament’s minerals and energy portfolio committee, and his wife were sitting in their car outside a house in Senoaone at 6.10pm when four gunmen approached them […]