OWN CORRESPONDENT, Pretoria | Thursday 1.00pm THE United Kingdom Treasury said it will sell 150 tons of gold in six auctions this year and next, pressing on with its partly completed plan to cut the country’s gold holdings by more than half to 300 tons. This second set of 25-ton auctions will start in May […]
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RESCUE teams were on Saturday night still searching for the survivors or the wreckage of the Cessna 414 which went missing in Botswana on Wednesday. Civil Aviation said thick vegetation after heavy rains was hampering the search. A Johannesburg-based courier company, Skynet Worldwide Express, on Friday confirmed that one of its senior executives was on […]
NIGERIA’S share index slid on poor sentiment for a second week and dealers said share prices would not be helped by an ethnic and religious crisis which has cost hundreds of lives. Food company Cadbury dropped almost 16% lower but conglomerate, whose share price has recently been in the doldrums, made a gain of more […]
THE Weather Bureau predicts more rain for southern parts of Mozambique and north-eastern parts of South Africa for Sunday afternoon. In a statement on Saturday the Weather Bureau also warned that the previously weakened cyclone Gloria had intensified and moved into the Mozambique Channel by Saturday afternoon, after having crossed over southern Madagascar.
PRESIDENT Thabo Mbeki held talks in Abu Dhabi on Saturday with his Emirati counterpart, Sheikh Zayed bin Sultan al-Nahyan, the official news agency WAM reported. It said the two leaders discussed cooperation between their countries, without giving details. South Africa and the United Arab Emirates (UAE) have boosted trade and air links since the end […]
KENYA’S shares dipped 0,63% during the week as despondent investors ignored some good corporate results. Brokers said that both foreign and institutional investors are steering clear of the market, unhappy about the prospects for economic recovery this year.
FORMER All Black captain Graham Mourie took his Hurricanes back to his home province on Saturday and they turned on a sublime show to beat the Queensland Reds 43-25. It could have been more, but the Reds put on a gutsy performance despite being 12-0 down in five minutes, 19-3 in 13 and losing 33-13 […]
GHANA’S Stock Exchange’s all-share index was marginally higher after posting its biggest gain of the year on Wednesday. However, brokers say the general outlook remains bearish. With national elections planned this year, foreign investors are adopting a wait-and-see attitude while locals are investing in Treasury bills, currently paying over 34%.
A FARMWORKER died and another was hospitalised after they were whipped by other farmworkers for allegedly stealing tomatoes, South African police said on Saturday. Police spokeswoman Sergeant Erica Roos said the two workers, both Mozambicans, were taken by colleagues on Friday into a storeroom on a farm near Brits, a rural town in South Africa’s […]