THE South African Chamber of Business has warned that the Congress of South African Trade Unions must accept that it is also responsible for the country’s economic well-being. Sacob’s policy director Henry Makupula said Cosatu should “seriously consider” the consequences of strikes given the “fragile nature of the South African economy”. He has also called […]
CRUDE prices slipped lower in midday trading on Wednesday following the publication of US supply figures and as the market digested comment from the world’s leading producer Saudi Arabia about expected output levels. In London, the benchmark Brent crude for July delivery was trading three cents lower at $27,8 a barrel. In New York on […]
OWN CORRESPONDENT, Cape Town | Wednesday 4.00pm BAFANA Bafana coach Trott Moloto has had to throw continuity out the back door in naming the Bafana Bafana side to face Malta in a centenary-celebration friendly before flying to the US to compete in the Nike Cup. Moloto would have liked to stick with the side that […]
PRESIDENT Thabo Mbeki flew to Britain late on Tuesday for a two-day visit which will be followed by a five-day tour of the United States. Mbeki will attend the third meeting of the United Kingdom/South Africa bilateral forum on May 18 and 19 and will holds talks with Prime Minister Tony Blair, likely to focus […]
WALLABY centre Tim Horan, widely regarded as one of the best midfielders in the game, will quit Australian rugby union later this year and finish his playing career with former Springbok skipper Francois Pienaar’s London club Saracens. Horan announced on Tuesday that he will leave Australia in September after the Tri-Nations series, ending a Wallaby […]
SOUTH Africas Wayne Ferreira got his Hamburg Masters first-round off to a flyer when he knocked out Australian Pat Rafter on Tuesday. Ferreira was in fine fettle, ousting the 11th-seeded Rafter 6-4, 7-5 to reach the second round of the $2,95-million, the fifth Masters Series event of the year. The 25th-ranked Ferreira made the perfect […]
OWN CORRESPONDENT, Johannesburg | Wednesday 3.45pm. ESKOM, the electricity parastatal, has managed to cut its municipal debt by more than two-thirds in four years, due in part to a tougher stance against defaulting municipalities. In 1996 it stood at R1,54-billion, but Eskom’s Butana Nkosi said on Wednesday it is now at the R450-million mark. Nkosi […]
OWN CORRESPONDENT, London | Wednesday 1.00pm. THE world’s leading diamond miner De Beers announced it is selling its only direct holding in a Russian mine to Alrosa, Russia’s leading diamond miner. A spokeswoman for De Beers said the company had hoped there would be a relaxation in Russia’s legislation to the benefit of foreign investors, […]
OWN CORRESPONDENT, Asmara | Tuesday 6.00pm. ETHIOPIA has stepped up its assault in the border war with Eritrea in a bold offensive into west of the country. Eritrea in response has repeated its call to the United Nations to take action against the “aggressor” in what is thought to be Africa’s bloodiest and most senseless […]
THE World Bank’s outgoing Vice-President Jean-Louis Sarbib has condemned reports in the Economist which depicted Africa as an economic and political basket case. Speaking at a conference in Montreal, Sarbib said it is shortsighted to perceive the entire continent as a high-risk destination for trade and investment and each region and country should be investigated […]