SOUTH African Breweries plc on Monday received confirmation from the London Stock Exchange that its ordinary shares will be admitted to the official list of the London Stock Exchange with effect from 9am (London time). At that time, 11am local time, SAB’s shares on the Johannesburg Stock Exchange moved to trade unconditionally.
CONGO-BRAZZAVILLE’S National Petroleum Company, set up to market the country’s crude oil, was launched at the weekend. Endowed with a capital of 900 million CFA francs, the company has signed an assistance agreement with its sister branch, SNPC UK, to sell Congo’s crude oil, provide services and develop its relations with banks and other financial […]
THE Banking Council claims the proposed Companies Amendment Bill, which would require greater disclosure of nominee shareholders and reporting of share movements beyond certain thresholds, will be inefficient and expensive. The Trade and Industry Department believes the Bill will help contain insider trading on the Johannesburg Stock Exchange. Banking Council general manager Kevin Daly said […]
THE head of South Africa’s bid to stage the 2006 World Cup finals says Germany are in pole position in the race to be the hosts. Irvin Khoza, chairman of the South African bid committee, said the Germans present the most formidable opposition South Africa’s bid to stage the 2006 World Cup finals. “They are […]
THE wedding of the man convicted of murdering SA Communist Party leader Chris Hani will not be married in prison on Wednesday. Janusz Walus was due to marry gospel singer Berril Roy in Pretoria maximum prison on Wednesday, but the department of correctional services said on Monday that administrative arrangements proved to be more complex […]
THE cost of international calls drops from Wednesday, when Telkom rates will drop between 1,7% and 29,3% during weekdays between 8am and 8pm. Telkom said on Monday that it has now dropped its international call charges five times in the last two years. When the cuts were first announced in late 1998, it was clear […]
CAF Cup holders Club Sportif Sfaxien of Tunisia have received a bye into the second round following the withdrawal of Energy of Benin. The clubs were due to meet this weekend when 46 first-round matches are scheduled in the annual Champions League, Cup Winners Cup and CAF Cup competitions. Coffee of Ethiopia have pulled out […]
ETHIOPIAN Prime Minister Meles Zenawi has warned African diplomats that he views Eritrea’s acceptance of a peace plan in their border dispute “with skepticism,” national television reported on Monday. Eritrea’s acceptance “lacks clarity and is open to interpretation,” Zenawi told African delegates from the Organisation for African Unity, which drew up the plan. Eritrean President […]
INFLATION in Botswana has risen sharply over the last four months to 7,2% in February, from 5,9% last October. Measured from a November 1996 base of 100, the cost of living index is now at 117, following increases in the food, fuel and power, and household operations components of the index. Increased electricity tariffs announced […]
FOLLOWING a year of considerable expansion, financial services group Fedsure on Monday announced a net increase in earnings of 77%, to R331,9-million for the year ending December. This amounts to earnings per share of R2,24, while dividends are up 48,5 cents to R1,55 a share. The group acquired Norwich Life during 1998, and group chief […]