AN investigation has been launched to determine the cause of the underground explosion that killed seven miners at the Beatrix gold mine near Welkom on Monday. Part of the mine was shut down on Monday evening pending the outcome of a meeting with Mineral and Energy Affairs Minister Phumzile Mlambo-Ngcuka, National Union of Mineworkers representatives […]
OWN CORRESPONDENT, Johannesburg | Tuesday 4.30pm. ALL local counters were up on Tuesday ahead of a key meeting of the US Federal Reserve’s interest rate-setting committee. There is widespread speculation the US committee will become more aggressive in the fight against inflation and boost rates by half a percentage point, making it more costly to […]
MALAWI President Bakili Muluzi has called for fast track debt relief so he can spare funds to improve the lives of his 10-million mainly poor people. Opening the annual Consultative Group meeting between this impoverished southern African country and its mainly Western lenders late on Monday, Muluzi pledged to intensify a fight against graft, which […]
ITALO-BELGIAN former journalist Georges Omar Ruggiu, 44, has pleaded guilty in a UN court in Arusha, Tanzania, to having used the airwaves to incite the 1994 genocide that claimed up to 800000 lives in Rwanda. Ruggiu is the only non-Rwandan to appear before the International Criminal Tribunal for Rwanda. He “admitted having directly and publicly […]
A VAST game reserve spanning Botswana and South Africa became Africa’s first official transfrontier park on Friday after the presidents of the two countries opened the conservation zone. President Thabo Mbeki and his Botswanan counterpart Festus Mogae inaugurated the Kgalagadi Transfrontier Park at a ceremony attended by about 500 people at the park’s southern Twee […]
OWN CORRESPONDENT, Harare | Tuesday 5.15pm. COMMONWEALTH chief Don McKinnon said free and fair elections in Zimbabwe are possible, after talks with President Robert Mugabe on Tuesday. “I believe it is possible to have a free election,” Secretary General McKinnon said after the hour-long meeting at Mugabe’s State House office in Harare. “There are concerns […]
LEADERS from eastern and southern Africa meet in Mauritius on Wednesday to discuss ambitious plans for economic integration which are threatened by conflicts across the continent. Heads of state from members of the Common Market for Eastern and Southern Africa will hold a two-day summit to discuss plans to create a free trade zone from […]
OWN CORRESPONDENT, Pretoria | Tuesday 12.30pm. SOFT drink giant Coca-Cola is to invest $200-million in South Africa. Chairman Douglas Daft announced in Pretoria on Tuesday that this will form part of a billion dollars the company is investing in Africa as a whole over the next three years. “We are very optimistic about this company’s […]
ANGLO American announced on Tuesday an investment of R700-million at the Black Mountain Mine located at Aggeneys in the Northern Cape. Anglo purchased the mine from Goldfields and Phelps Dodge in July 1998. The major element of the expansion project will be the sinking and equipping of a new vertical shaft together with associated underground […]
MINING giant Anglo American Corporation said on Tuesday that Tony Trahar, currently an executive director, will become chief executive of the company from July. Trahar takes over the helm from Julian Ogilvie Thompson, who was previously chairman and chief executive and who will remain in a non-executive capacity, the company said in a statement. The […]