Yearly Archives: 1999

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 […]

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 […]

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 […]

BOTSWANA has opened a US$5-million accountancy college in Gaborone described by Minister of Finance Ponatshego Kedikilwe as the way for Botswana to ensure a “preponderance of citizen accountants.” “We are determined to see our economy served by citizen accountants in the foreseeable future,” Kedikilwe said. In 1996 there were 500 qualified accountants, but only 40 […]

THREE permanent courts geared to deal exclusively with commercial crime will start operating in Pretoria on November 1, the Business Day reports. One of the courts will be a high court hearing large commercial crime cases, the office of national prosecutions said on Monday. It said court rolls are already being sifted to identify cases […]

SAMMY Daniels, by his own high standards, has not had the best of seasons locally. But the Cape professional is hoping to close off strongly with a win in his home province when the R200000 Vodacom Series: Western Cape tees off at the Rondebosch Golf Club from October 8-10. Daniels enjoyed one of his most […]

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 […]

SOUTH Africa lost 2-0 to Australia in the World Team Championship played in Cairo. The second-seeded Australians beat the team of Glenn Whittaker and Rodney Durbach, despite Whittaker beating his number-two Australian counterpart Dan Jenson. The South Africans made a good fight of the first two ties, particularly the tie between the number-ones, with Durbach […]

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 […]