ALAN FINLAY & Reuters, Johannesburg | Monday 4.00pm. THE JSE slipped lower on Monday on the back of weaker Asian markets, worse-than-expected first quarter gross domestic product data, and Friday’s dip in US markets. The all-share finished 0,60% or 43 points lower. Industrials closed down 1,28% or 104 points and financials ended 0,74% or 65 […]
ALAN FINLAY & Reuters, Johannesburg | Monday 12.30pm. THE South African economy has been more sluggish than thought for the first quarter of the year, largerly due to slumps in the agriculture, forestry and fishing sectors after this year’s high rainfalls and floods. However low growth means that interest rates are unlikely to be increased […]
THE telecommunications infrastructure of Eskom and Transnet is likely to be part of the second fixed line operator, according to Business Report. The line is expected to be up and running by 2003. The paper reports that the two state-owned entities will together own a minority stake in the new operations company. It is likely […]
ERITREAN civic groups will take to the streets early on Monday in what they say will be a “massive, peaceful” demonstration against Ethiopia’s inavasion of Eritrea and a UN arms embargo against the two warring east African nations. According to the Eritrean Civil Society Organisations, the demonstration is to “summon the attention of the international […]
IT company Didata has announced that it has won a multi-million dollar contract to build China’s first vertical industry trading portal. The first phase of the contract is valued at $1,3-million. Didata will design and maintain the business-to-business e-commerce portal for China’s household appliance industry on behalf of China Internet Capital. The entire contract is […]
AMAZULU have been dropped from the PSL into the coastal first division next season after they were beaten 2-1 by Ajax Cape Town on Sunday. To make matters worse, the KawZulu-Natal team was reduced to nine men, with the sending of of first Elasto Lungu (second warning for dangerous play) and then Jerry Skosana (red-carded […]
THE price oil by the Opec member states jumped sharply last week to an average $27,97 per barrel, from $26,28 the week before, Opec said on Monday. The average price in March was $26,71 per barrel. The organisation’s official target is $25. Last week central banks Monetary Policy Committee blamed increased in the international oil […]
Graham Griffiths, London | Monday 11.30am. ZIMBABWE captain Andy Flower has warned England his players are down but not out after being crushed in the first test that ended at Lord’s on Sunday. ”We are not demoralised to the extent where we cannot fight back,” Flower said as the touring team began planning to turn […]
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OWN CORRESPONDENT, London | Sunday 2.20pm. RAIN washed out the morning session on the fourth day of the first Test between England and Zimbabwe at Lord’s on Sunday. The umpires were to make an inspection at 11:15 GMT, 15 minutes after the scheduled starting time, but when there was a heavy shower shortly before that […]