THE Lagos Stock Exchange has begun computerised trading on an automated trading system, ending 37 years of floor trading, officials at the exchange said on Wednesday. The introduction of computerised trading Tuesday is expected to boost trading volume on the market, which has grown sharply in recent years.
RESCUERS workers remain at least 150m away from the position where two missing miners have been trapped underground for six days after an earthquake in Welkom in the Free State on Friday. Anglogold spokesman Andries van Zyl said on Tuesday that rescuers are approaching the area — where Lawrence Tsolo and John Delekile were working […]
SHARKS lock Mark Andrews has angered Cape Town saying the Auckland Blues can beat the Stormers, and been labeled a “turncoat” by the media. “The Blues are more physical than the Stormers, who have the skills but not he same intensity,” Andrews told a New Zealand newspaper. The Stormers, one of the form side of […]
KAGISO Media has bought the Rand Easter Show, Saitex and Auto Africa, according to a group announcement made on Monday. A new subsidiary called Kagiso Exhibitions will become the holder of these companies. The National Exhibition Centre (Nasrec) cost R44,25-million and the issue of shares worth R2,3-million. Most of the purchase price was attributed to […]
SARAH BULLEN, Cape Town | Wednesday 3.00pm PRODUCER inflation, as measured by the change in the Producer Price Index (PPI), rose an annualised 5,5% in March, up from February’s rise of 5,0%, Statistics South Africa said on Wednesday. From February to March PPI increased by 0,3%, while the seasonally adjusted index increased by 0,9%. The […]
TUESDAY, 5.00PM: ZIMBABWE’S United Merchant bank, which belongs to the high-profile and controversial black businessman Roger Boka, has suffered a run on deposits which it cannot sustain. When Boka’s bank opened three years ago, it was criticised for being under-capitalised. Many of the country’s financial institutions are exposed to the bank, which closed for a […]
GHANAIANS on Tuesday celebrated the enthronement of their new Ashanti king, who was officially proclaimed the new occupant of the sacred Golden Stool on Monday night in Kumasi.In a private ceremony that began at midnight, 48-year-old Nana Kwaku Dua underwent final rites to become the 16th occupant of the Stool, believed to have fallen from […]
VILLAGERS have burnt to death four women they accused of being witches, police in South Africa’s Eastern Cape province said on Monday. The villagers allegedly herded the women into a traditional thatch-roofed hut on Sunday in the rural Thabankulu area near Mount Ayliff and doused the hut with petrol before setting it alight, police said.The […]
ABDELAZIZ Bouteflika was sworn in as Algeria’s new president on Tuesday. Bouteflika (62) won a presidential election on April 15 in which he stood as a sole candidate — and the one favored by the military establishment — following the withdrawal of six others on allegations of fraud. The circumstances of Bouteflika’s election drew expressions […]
SHARES in international tobacco to luxury goods company Richemont surged in Johannesburg on Wednesday following news an international investment bank had increased its target price for the stock. Shortly By 10:30 Richemont shares were up nearly 6% to R98,00. Credit Suisse First Boston said on Wednesday that it has increased its targeted share price on […]