Yearly Archives: 1999

INVESTMENT banking group Investec Botswana is to launch Botwana’s first private bank on February 1, Investec Private Banking (SA) MD Steve Helibron announced on Monday. Investec established itself in Botswana in 1995 and is dual-listed on the Botswana Stock Exchange and the Johannesburg Stock Exchange. Helibron said in a statement that although the bank will […]

A SHARE swap announced last night between Johnnic and its 58%-held Omni Media subsidiary will result in MIH Investments becoming a wholly owned subsidiary of Nasionale Pers. MIH Investments holds only shares in MIH (Multichoice Industrial Holdings) and M-Web. The swap means Omni Media is giving up 61,7-million shares in MIH Investments for 90,9-million M-Cell […]

ZAMBIAN President Frederick Chiluba on Friday cited a prolonged donor aid squeeze and declining foreign exchange earnings from copper as among factors that led to the country’s poor economic performance during 1998. Despite projections that the economy would grow by 5% in 1998, it only registered a 2% growth rate. Chiluba reported that inflation, which […]

THE claims of armed robber Collin Chauke that he was assaulted while being arrested last week will be investigated by the Independent Complaints Directorate, SABC news reported on Monday. Chauke had visible abrasions above his right eye when he was spotted by press outside the Pretoria Magistrates’ Court last Wednesday. Police, however, said he probably […]

WORLD Bank President James Wolfensohn has proposed a global approach towards an improved and efficient development. ” … There is the need to adopt a vision beyond projects, a global approach aimed at improving the efficiency of development activities,” Wolfensohn said in Abidjan on Sunday at the end of a three-day official visit to Cote […]

WESTERN Areas gold firm sustained its steady performance improvement for the fourth successive quarter in the three months to December, boosting production, curbing costs and posting a further profit increase. Gold production for the quarter rose by 115kg or 3,8% to 3134kg. Gold revenue increased from R336,1-million to R336,7-million, helped by the higher production and […]

THE National president of the 35000-strong vigilante organisation, Mapogo-a-Matamaga Business Shield, on Monday joined the United Democratic Movement. UDM provincial leader Reverend Kingsley Masemola welcomed Montle Magolego and said Mapogo-a-Matamaga has a role to play in governance. “The whole province and the UDM in particular acknowledge that Mapogo-a-Mathamaga has successfully eradicated crime in this province. […]

HARMONY Gold Mining Company posted a dip in its cash operating profit to R100,4-million for the last quarter of 1998, compared to R104,3-million in the previous three-month period, the company announced on Monday. Net earnings fell dramatically to R38,8-million in the last quarter from R78,2-million in the third quarter, largely as a result of R30-million […]

OWN CORRESPONDENT, Harare | Monday 7.30pm. ZIMBABWEAN newspaper executive Clive Wilson, who was freed on Monday after being detained over a report of an alleged coup plot, vowed that Zimbabwe’s independent press will not be cowed. “Not for a moment,” said the British-born former editor in response to a question at a news conference at […]

OWN CORRESPONDENT, Johannesburg | Monday 9.00pm. A FORMER member of the Afrikanerweerstandsbeweging (AWB) who boasts he planted at least 32 bombs in the run-up to the country’s first democratic elections in 1994, has been granted amnesty by the Truth and Reconciliation Commission (TRC). Dries Kriel was given indemnity from prosecution for a spate of bombings […]