Jaspreet Kindra The Department of Public Enterprises is showing extraordinary sensitivity about possible leaks of its latest policy document on privatisation – the cause of tension between the government and its union allies. The department this week threatened to search the bags of people, when two copies of the still- confidential document circulated at a […]
SOUTH African magnet maker Tridelta Magnet Technology Holdings has been placed into provisional liquidation with the listing of its ordinary shares suspended, the Johannesburg Stock Exchange. Tridelta’s share was last quoted down 40 percent at three cents. It went into free-fall on July 19, when the company issued a cautionary notice saying that it was […]
marriage scam Nawaal Deane South African women who are being roped into illegal marriage syndicates are being paid off at prices determined by their race. These illegal agencies charge foreigners seeking citizenship R800 to R2 000 for a black bride, while Indian and coloured women retail for R4 000 and white women for R6 000. […]
Guy Willoughby THEATRE Glass Roots, fresh from a debut at the National Arts Festival, confirms that writer Fiona Coyne is a fresh stage voice to be reckoned with. A comedy of manners set in a society with few to speak of (manners, that is), the play charts the tragicomic birth- pains of a world in […]
Chris Dunton THE BURDEN OF MEMORY, THE MUSE OF FORGIVENESS by Wole Soyinka (Oxford University Press) In Africa Wole Soyinka sees a ”diabolical continuity” between the crimes of the slave trade and colonial period – crimes he describes as ”unimaginable” in their scale and depth – and the crimes of the present, that is, those […]
EGYPTIAN cement-maker Suez Cement had received 170 million pounds from the sale of its stake in another Egyptian cement firm to Swiss giant Holderbank. Suez sold its eight percent stake in the Egyptian Cement Company at 2.85 pounds per share last week. Holderbank also paid 19 million pounds for Suez’s contribution to ECC’s shareholders loan. […]
OIL MAJOR ExxonMobil has reached its normal crude oil output level of 500000 barrels per day (bpd) at its unrest-hit export terminal and associated fields in southern Nigeria. ”We have full production now,” a senior official said in Lagos. Operations at the terminal were shut down briefly earlier in the week after a communal protest […]
FUSION Capital said it would miss a 25 percent earnings growth target for the 2000 financial year due reduced fee income and a sharp drop in the share price of a listed subsidiary. The decline in the share price of Regal Treasury Bank – from 675 cents at December 31, 1999, to 430 cents at […]
Shares and options in South African platinum miner Kroondal fell as investors took profits after a friendly bid by Australia’s Aquarius Platinum earlier in the week. Kroondal shares were trading 6.15 percent lower at R15.25 rand, adrift of a year-high of R21 reached at the beginning of the week shortly before the two firms said […]
ZIMBABWE opposition Movement for Democratic Change (MDC) said it would contest results in up to 40 of the 62 seats won by President Robert Mugabe’s ruling party in last month’s election. ”We had filed papers contesting the results in 37 constituencies and our lawyers are looking at a couple of more cases. We could end […]