FRESH violence has erupted in Nigeria’s commercial capital Lagos, with two people killed and several injured in a clash at the city’s international airport, police and witnesses said. Lagos Police Commissioner Mike Okiro said more police had been deployed to reinforce security at the airport, where customs men and shipping agents fought on Monday over […]
IN AN ongoing power battle, the Hong Kong-backed bidder for South Africa’s third mobile phone licence, Nextcom, launched an urgent court action to prevent Saudi-backed consortium Cell-C from winning the lucrative licence. The court action seeks to prevent Telecoms Minister Ivy Matsepe-Casaburri from endorsing a recommendation by Satra to pick Cell-C, said Nextcom’s spokesperson. The […]
A BRITISH pilot died and nine people including three American tourists were injured when their hot air balloon caught fire on Wednesday as they prepared to fly over Kenya’s Maasai Mara safari park. The luxury game-spotting flight ended in disaster at six a.m. when the balloon operated by Transworld Safaris burst into flames as it […]
VESTACOR, which operates as an investment capital fund is to acquire the interests, loan accounts and cash of sports goods retailer Moresport for R173m, or 70 cents a share. Vestacor said that after the disposal of Totalsports, Moresport did not have the required critical mass and immediate profitability necessary for a listed company to attract […]
OWN CORRESPONDENT, Johannesburg | Tuesday 01.00pm. IN the biggest state restructuring deal under President Mbeki’s auspices, Transnet has reached an agreement with Johnnic Holdings Limited and Johnnic Communications Limited to convert its 23% stake in MTN into shares in its holding company M-Cell Limited, listed on the Johannesburg Stock Exchange. Transnet will also sell 75 […]
AIDS researchers hoping to find a way for women to silently protect themselves from Aids infection were disappointed to report on Wednesday that tests showed one product actually worsened the risk. The product, a spermicide called nonoxynol-9 and marketed under the trade name Advantage S by US-based Columbia Laboratories Inc, did not protect women in […]
SIX of the world’s biggest international trade and finance organizations will reform a four-year-old program to help the world’s poorest nations integrate into the global economy. The reorganization was prompted by criticism from independent experts who said that the programme was weak in administration and failed to link efforts to improve trade to the overall […]
A MUSLIM rebel chief holding 20 mostly foreign hostages told the government he is ready to resolve the nearly three-month-long hostage crisis, the Philippines’ chief negotiator said on Tuesday. Presidential adviser Roberto Aventajado, head of Manila’s negotiating team, said rebel commander Galib Andang called him using the satellite phone of a three-member French television crew […]
De Beers will undergo a major transformation as the company moves from being a custodian of the diamond market to a preferred supplier. This week it will outline its new strategy where the company plans to formalise long-standing gentlemen’s agreements with its diamond trading partners that will see benefits for all parties. It is believed […]
OWN CORRESPONDENT, Johannesburg | Tuesday 01.00pm. WALKER, a US e-business and financial solutions company, has entered into a joint venture with local IT firm Gijima Info Tech, in a move to secure a significant portion of South Africa’s market for large-scale financial applications. In this deal worth in excess of R500-million a year the Walker […]