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/ 2 August 2004

Angola resumes crackdown on diamond smugglers

Angolan police plan to resume a crackdown on suspected diamond and other traffickers that has led to the expulsion of about 120 000 Congolese and 35 000 West Africans, a senior police official said. ”I am satisfied with the results of the first stage … in the coming weeks, the results will be even better,” a police official said.

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/ 2 August 2004

Vincor buys Western Wines

Vincor International, one of North America’s largest producers of wine and related products, has acquired the shares of UK-based privately held Western Wines, the largest independent wine importer and distributor in the United Kingdom and the largest importer of South African wines to the UK.

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/ 2 August 2004

Harmony reports growth, record production

Harmony has made record production despite having downscaled some of its ”marginal shafts”, with production increasing for the seventh year in a row, the company said on Monday. The company said 3,3-million ounces of gold, 11% more than the previous year, were produced during the financial year ended on June 30 2004.

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/ 2 August 2004

Christmas won’t be cancelled

There is no possibility whatsoever that Christmas will be cancelled as a holiday, said African National Congress spokesperson Smuts Ngonyama on Sunday. He was responding to a story in the Sunday Times saying all public holidays in South Africa are up for review and some might be scrapped.

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/ 2 August 2004

SA petrol price to drop by 23c

The price of all grades of petrol is to decline by 23 cents a litre (c/l) on August 4 after a 17c/l drop was implemented on July 7, the Department of Minerals and Energy (DME) said on Monday. In a statement detailing the monthly fuel price changes, the DME said the price of diesel 0,3% sulphur will fall by 12c/l, while that of diesel 0,05% sulphur will decline by 13c/l.

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/ 2 August 2004

Firmer rand sends JSE south

The JSE Securities Exchange (JSE) was in negative territory just before midday on Monday, with a firming in the rand sparking profit taking after the bourse’s strong run last week. Weakness in world markets on concerns about possible terrorist attacks on United States financial institutions, as well as a higher oil price, further dampened sentiment.

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/ 2 August 2004

It’s an F, Sankie, and that’s final

The Supreme Court of Appeal (SCA) ruled on Monday that a news story published by the <i>Mail & Guardian</i> newspaper about former housing minister Sankie Mthembi-Mahanyele was defamatory, but not actionable. The SCA in Bloemfontein dismissed an appeal by Mthembi-Mahanyele against a decision of the Johannesburg High Court in the newspaper’s favour.