Yearly Archives: 1999

CAPE Town was largely brough to a standstill on Monday when a power cut left hundreds of thousands of commuters stranded and hospitals without power. SABC news reported on Monday evening that city hospitals were unable to perform operations and some outpatient departments had to be closed. The cut, which started at 11pm on Sunday […]

SOUTH Africa’s total outstanding foreign apartheid debt amounted to just R235,8-million, finance Director-General Maria Ramos said on Monday. Addressing a National Assembly finance committee hearing, Ramos said loans taken out by the present government were unlikely to be open to renegotiation. Her comments come amid growing calls for South Africa’s apartheid debt to be written […]

TRADE unionists in the Northern Province are set to make history this week when they take a traditional leader before the Commission for Conciliation, Medication and Arbitration for the first time for unfair labour practices. Zebediela tribal Chief Kgoshi Sello Kekane will have to explain on Wednesday why he fired his administrative clerk immediately after […]

GREECE does not intend to move three associates of Kurdish rebel leader Abdullah Ocalan out of its embassy in Nairobi, embassy spokesperson Forte Yanopulous said on Monday. Asked if the embassy was making plans to relocate three women who have been holed up in the building since Ocalan’s capture in Nairobi on February 15, Yanopulous […]

THE International Monetary Fund has commended Tanzania’s economic transformation programme and promised continued support. Visiting IMF Deputy Managing Director, Shugemitsu Sugisaki, made the promise during official talks at the State House on Sunday. Sugisaki had talks with Tanzanian President Benjamin Mkapa, the Minister for Finance, Mr Daniel Yona and the Governor of Bank of Tanzania, […]

ETHIOPIAN warplanes on Sunday bombed the airport serving the Eritrean Red Sea port of Assab, Ethiopia’s government spokeswoman said amid conflicting reports of the damage caused. Sources in the Eritrean capital, Asmara, while confirming a raid had taken place, said the 12 bombs dropped by Antonov warplanes fell wide of the airport’s runway. The bombing […]

THE directors of flailing New Republic Bank Holdings agreed in principle on Sunday to accept an offer by the managers of NRB asset management (NRBAM) to purchase their Johannesburg-based private client equity asset management division. NRB was placed under the curatorship of the Reserve Bank in the beginning of February after a run on its […]

CALIFORNIAN aeronautical engineers will attempt, for the fifteenth time, to launch South Africa’s first satellite, Sunsat on Tuesday. After the last aborted launch the power and control boxes as well as electronics package have been replaced and technicians are testing the hardware and wiring before attempting another launch, the Boeing company said on Saturday. The […]

VETERAN spinner Pat Symcox was roasted by the New Zealand press for delivering a ball which meant the Black Caps would win Saturday’s third limited-overs match and deny Nathan Astle his century. Symcox bowled a leg-side wide which went to the boundary when New Zealand needed a six to win and Astle was on 95. […]

IN a move that will make it the largest individual financial planning business in the country, Alexander Forbes on Thursday said it had acquired the Fincorp business from Brait. A team of 19 people from Fincorp, headed by Vernon Cresswell, will join Alexander Forbes with effect from January 1. The expanded Alexander Forbes financial planning […]