Yearly Archives: 1999

SARAH BULLEN, Cape Town | Wednesday 5.00pm THE Johannesburg Stock Exchange started the day off on a positive note after better-than-expected Producer Price Index (PPI) data gave the market a boost. The JSE failed to sustain its early gains during the day, however, as weaker international markets and selling pressure on the financial board pushed […]

PEPSICO on Thursday charged its former partners in a failed South African bottling venture with trying to blame Pepsi for the failure, and rejected their claims that Pepsi is liable for the loss. In a complaint filed in United States District Court in New York, Pepsi said its international subsidiaries, headquartered in Richmond, England, lost […]

SHARES in Old Mutual rose in brisk dealings in Johannesburg on Monday, its first day in London’s FTSE100 index, as the life insurer played catch up with the gains it made on Friday in London. By 1045, Old Mutual’s shares listed in Johannesburg were up 25c or just short of 2% at R13,05 in volume […]

A DURBAN businesswoman travelling home from Johannesburg in her Mercedes Benz sports car was trapped doing 214km/h on the N3 outside Ladysmith on Monday morning. Kathleen van Rooyen was arrested and taken immediately to the Ladysmith Magistrate’s Court where she admitted guilt. She was handed a R12000 fine by the presiding magistrate. Van Rooyen, (48) […]

ELECTRICITY utility Eskom is planning an issue in the international capital markets and could do a deal next month, according to a report in the Business Day on Monday. Officials at Eskom declined to comment on the report, which said that a deal could follow South Africa’s planned 300-million to 500-million euro offering through Deutsche […]

NIGERIAN cocoa farmers have urged the government to scrap all plans to re-introduce commodity marketing boards which go against the spirit of free trade. “The last semblance of commodity marketing boards in the world are being currently dismantled in Cote d’Ivoire and Ghana. We cannot afford to swim against the tide,” says the Cocoa Association […]

THE banking sector loses about R4-billion every year to fraud, a banking official told a parliamentary committee on Wednesday. Last year, the industry also lost about R1,1-billion to robbery, Banking Council of South Africa chief executive Bob Tucker told the safety and security committee in a briefing. This was despite a 22% cut in bank […]

MOROKA Swallows beat Bloemfontein Celtic 1-0 in a Castle Premier League soccer match played at the Rand Stadium in Johannesburg on Monday. The Birds sealed their victory with an early strike by Patrick Ningiza, who scored in the 7th minute from a back-heel pass by Gary McNab. The match was a scrappy affair, and referee […]

SOME 40 Brazilian zebus arrived in Ouagadougou aboard an Air France chartered cargo plane on Tuesday to give a boost to Burkina Faso’s dairy and beef cattle industry. “The zebu from Brazil is adapted to our country’s climate,” said Alassane Serre, Minister of Animal Resources. Serre said the humped domestic oxen will be bred with […]

THE Democratic Republic of Congo on Saturday declared the hoarding of foreign cash illegal and ordered all exchange bureaux to close immediately. That’s in response to a recent sharp fluctuation in the national currency, the Congolese franc. Any individual or company holding foreign funds has until Wednesday to deposit them in a bank. Only the […]