Staff Reporter
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/ 26 May 2000

Rand slips after regaining lost ground

OWN CORRESPONDENT, Johannesburg | Friday 4.00pm. THE rand lost some of its earlier ground gained on Friday, and despite a stronger euro weakened to R7,16 by late afternoon trade. At the same time markets did an about-turn on Thursday’s gains. By 11am the currency was trading at R7,13 to the dollar, off the back of […]

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/ 26 May 2000

‘I think I lost my mind’

Martina Hingis returns to the French Open next week desperate to atone for last year’s irrational performance Stephen Bierley Martina Hingis is still at a loss to explain exactly what happened and why. ”I think I lost my mind. There was so much pressure and I really wanted to beat her and win the title.” […]

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/ 26 May 2000

Investing in your child’s future

Mandy Collins Ensuring that your children will have the best possible education is no longer a simple matter. While many state schools continue to provide an excellent grounding, it cannot be guaranteed that one of these schools will be near you. Nor is financial preparation for such contingencies necessarily a simple matter. A little hard […]

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/ 26 May 2000

ugabe urges Namibians to seize land

OWN CORRESPONDENT, Windhoek | Friday 11.00am. ZIMBABWEAN President Robert Mugabe has urged landless Namibians to follow his country’s example and forcibly reclaim their land if white farmers refuse to share it. ”If the other neighbouring countries have problems similar to the ones we have encountered, why not apply the same solution as Zimbabwe. It is […]

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/ 26 May 2000

100m TO CLEAN UP ASBESTOS MINES

THE government is to spend about R100-million over the next 10 to 15 years to clean up abandoned asbestos mines and dumps in the Northern Province, Northern Cape and Mpumalanga, according to the Business Report. R45-million has already been spent over the past 13 years rehabilitating the dumps and mines. The budget this year is […]

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/ 26 May 2000

SASOL TO BUILD BILLION RAND PLANT

SASOL is to construct a R1-billion detergent alcohol plant at Secunda, according to the Business Report. Sasol said the plant, due to be commissioned in March 2002, will add considerable value to its fuel from coal operations and become a major export earner. It will have an annual capacity of 120000 tons. Output will go […]

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/ 26 May 2000

TALKS WITH JOLO REBELS DELAYED

MUSLIM rebels holding 21 mostly foreign hostages, including two South Africans, for more than a month on Friday cancelled the planned start of formal talks with Philippine government negotiators. Manila’s chief negotiator, Roberto Aventajado, said the guerrillas called off Friday’s talks because they have moved the hostages. He now expects the talks to start on […]

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/ 26 May 2000

Zim turmoil continues to weigh down bourses

NICOLE MORDANT, Johannesburg | Friday 12.30pm. PRE-election turmoil in Zimbabwe continued to weigh on sub-Saharan Africa’s two biggest bourses this week, and analysts expect market confidence to remain shaky until beyond next month’s poll. Analysts said that against a backdrop of waning offshore interest in African markets, activity across the bourses will remain subdued and […]

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/ 25 May 2000

VEHICLE EXPORTS COULD BE UP R2bn

THE National Association of Automobile Manufacturers anticipates vehicle exports will exceed R7-billion this year. South Africa exported R10-billion worth of components and about R5-billion worth of vehicles last year. Analysts said the industry has undergone massive changes since protectionism was lifted in 1994. A report this week by national automobile group Naamsa, says that the […]