Yearly Archives: 1999

THE Bank of Botswana has introduced Repurchase Agreements to deal with increasing excess liquidity in the financial system, the Bank said in a statement on Thursday. The instruments were introduced effective January 4. “They will enable us to fine-tune the system,” a spokesperson said.

POLICE detained South African national soccer star Steve Lekoelea for reckless driving, on Saturday. Lekoelea, 19, was arrested Saturday and his name was only made public after he was charged and released on bail. A traffic officer said the Bafana Bafana player “nearly caused a pile up before he was forced to pull of the […]

THE start in Namibia of a mini-summit aimed at making some progress on the conflict in the Democratic Republic of Congo was delayed Sunday by the absence of a Rwandan delegation. The Namibians “still hope” that Rwandan President Pasteur Bizimungu would arrive, Foreign Minister Theo-Ben Gurirab said on Sunday evening in the capital Windhoek. Earlier, […]

THE South African Under-23 soccer squad play their Egyptian counterparts in a two-match friendly encounter next week in further preparation for qualification for the Olympic Games in Sydney in 2000. The sides meet next Thursday at Dobsonville Stadium, followed by a clash at Vosloorus Stadium on Saturday. “This will also be preparation for the All-Africa […]

THE ratio of profitability — measured by net profit on turnover — in the South African manufacturing industry jumped 4,1% in the third quarter of last year, from 3,7% in the second quarter after seasonal adjustment. However, the profitability ratio at 4,1% was slightly lower than the corresponding period in 1997 when it was at […]

THE EXECUTIVE of the United Cricket Board of South Africa on Sunday declared that 21-year-old pace bowler Makhaya Ntini would be eligible for selection to all national teams. With the squad to play the West Indies in the upcoming one-day series scheduled to be announced at Centurion Park on Monday, speculation was rife that Ntini, […]

OWN CORRESPONDENT, Johannesburg | Sunday 7.30pm. Ernie Els shot a four-under-par final round of 68 on Sunday to win the Alfred Dunhill PGA Championship in Johannesburg, the opening event of the European Tour, by four strokes. Els finished at 273, 15-under-par, for his third PGA title. Fellow South African Richard Kaplan was second on 277 […]

JAPAN’S ex-premier Ryutaro Hashimoto left Johannesburg on Saturday after a four-day visit to South Africa that an embassy official said was “very successful.” Hashimoto met Deputy President Thabo Mbeki twice during the visit, aimed at cementing ties between the countries. Hashimoto, now a senior foreign policy advisor to Prime Minister Keizo Obuchi, arrived in South […]

ACTIVITIES at the Lagos docks were at a standstill on Thursday, the third day running, due to a strike by licensed customs agents protesting against the continued presence of unauthorised security agencies at the waterfront. The customs agents said they will continue with the strike until the banned agencies leave the ports, as directed by […]

THE expertise of South Africa’s Archbishop Desmond Tutu could be called upon to help with plans to put on trial leaders of the Khmer Rouge, according to Cambodian Prime Minister Hun Sen. “We are looking at the South African example of a Truth and Reconciliation Commission as an interesting one, where they have the end […]