THE environmental affairs department has spent more than R500000 on investigating allegations that the process of allocating fishing quotas was riddled with corruption, but had not uncovered any material evidence implicating its officials. The probe’s other findings were still being evaluated, but in the interim, the department’s marine inspectorate was upgraded, Environmental Affairs Minister Valli […]
INDUSTRIAL group Barlow intends spend R3-billion on acquisitions as part of a worldwide expansion programme, the Business Day reports. Barlow has also won a 90-million deal with the British military to repair and maintain forklift trucks over 10 years. According to the paper the group has been on the acquisition trail over the past six […]
INTERNATIONAL paper group Sappi sold its Sappi Novobord operation to the Portuguese Sonae Industria conglomerate for an undisclosed sum on Wednesday. The sale, which is still subject to approval by the Reserve Bank and Competition Commission, forms part of Sappi’s drive to raise R2-billion by disposing of non-core assets. Sappi strategic developments director Robert Hope […]
LIFE assurance group Metropolitan Life has announced an increase in headline earnings of 83%, from from R192-million to R352-million for the six months to the end of March. “I am delighted to be able to report that sustained growth in all areas of our business has considerably enhanced our competitive position,” Group finance director Preston […]
OWN CORRESPONDENT, Cape Town | Wednesday 1.45pm ALI Bacher is likely to be the first witness called by the South African inquiry into the Hansie Cronje affair, an official said on Wednesday. “He used to open the batting in his playing days, so we may as well start with him here,” the secretary of the […]
SABC chief executive Reverend Hawu Mbatha has been sacked by the broadcaster. Although the board said it has reached “an amicable arrangement” and Mbatha will be “released” from contractual obligations, it follows a damning report which levelled the blame for the SABC’s poor operations squarely at Mbatha’s leadership. He is replaced by Cecliai Khuzwayo, the […]
OWN CORRESPONDENT, Johannesburg | Wednesday 4.00pm. THE Johannesburg Stock Exchange ended on a sour note on Wednesday following the release of worse-than-expected producer price index figures, and a weaker US Nasdaq overnight. The overall finished 1,59% or 114 points down. Industrials were 2,24% or 179 points off, while financials ended down 1,56% or 137 points. […]
AJAX Cape Town are celebrating their successful debut season in the PSL by signing a Brazilian player and putting seven players on the transfer list. Ajax finished a solid fourth on the Premier Soccer League log and look to be upward-bound next season after securing the services of Brazilian striker Rodrigo Gomes of Aracatuba. The […]
TWO armed robbers have stolen two petrol tankers worth R500000 in White River in Mpumalanga. Security guard Absalom Nkosi, 28, was at his post at Shell Depot in White River when two armed men seized him. Police spokeswoman Sergeant Thabisile Gama said the men made Nkosi lie on the ground and then tied his hands […]
JAPAN has announced plans to send Asian experts to Africa to upgrade skills and help lift the continent out of poverty. Tokyo will help the United Nations develop a program for skills development in Africa, said Yasuaki Nogawa, deputy director general of the foreign ministry’s Middle East and Africa bureau. Nogawa said the world body […]