A NEW survey of the hotel industry shows that hotel occupancy rates declined throughout South Africa last year, with only Mpumalanga showing a growth of 2,7%. The South African edition of the annual Arthur Andersen Hotel Industry Benchmark Survey covers 185 hotels nationwide. Hotel occupancy in the Western Cape was down 4,7% for the year […]
ALAN FINLAY, Johannesburg | Monday 2.30pm. A BULLISH gold price was jolted slightly on Tuesday, after the Bank of England’s sale of 25 tons of the yellow metal at a price of $275,25 an ounce. Bullion was trading below the sale price by late afternoon, having shaved off the gains it made ahead of the […]
A BAN on women’s boxing in South Africa will be overturned by legislation to be introduced later this year, Sports Minister Ngconde Balfour said on Tuesday. The ban, effected by a 1954 law, was contrary to South Africa’s post-apartheid constitution which rules against discrimination in all spheres of life, Balfour said in parliament. “Our constitution […]
RETIRING ACT Brumbies skipper Brett Robinson will lead his team into Saturday’s Super 12 rugby final against the Canterbury Crusaders provided his body stands up to the rigours of contact training this week, the Brumbies coach said. Robinson, 30, was one of the form openside flankers of the competition before being sidelined by a torn […]
OWN CORRESPONDENT, Johannesburg | Tuesday 1.00pm. A NEW survey of the hotel industry shows that hotel occupancy rates declined throughout South Africa last year, with only Mpumalanga showing a growth of 2,7%. The South African edition of the annual Arthur Andersen Hotel Industry Benchmark Survey covers 185 hotels nationwide. Hardest hit were the three-star hotels […]
ANGLO American and Glencore have announced that mineral resource group and the world’s largest exporter of thermal coal, Billiton, will be joining them as an equal shareholder in Carbones de Cerrejon (CdelC), a coal mining operation in northern Columbia. CdelC holds the rights to mine three high grade coal reserves – Cerrejon Central, Oreganal and […]
PUBLIC sector unions and government begin their second round of wage talks on Tuesday. At the top of the agenda at the Pretoria meeting, is a new wage proposal after the 12 unions rejected a five percent salary increase offer. Unions are demanding 10%, which they say is in line with inflation. It is hoped […]
ESKOM, the state owned electricity supplier, plans to invest more than R7 billion in projects in other African countries over the next five years. More than R4.2 billion of this would be in new projects, R1,8 billion in equity investments and R1 billion in the rehabilitation of existing projects, Public Enterprises Minister Jeff Radebe said […]
ERIK DE CASTRO, Jolo | Tuesday 2.30pm. DECLARING they wanted peace, about 100 armed Islamic rebels descended from their mountain hideout in the southern Philippines on Tuesday to negotiate on the fate of 21 mostly foreign hostages. The unexpected meeting between the Abu Sayyaf guerrillas and Moslem provincial governor Abdusakur Tan in a local town […]
THE main rebel group in the Democratic Republic of Congo on Sunday denied reports from a Rome-based missionary news agency that its forces took part in an alleged massacre of around 300 civilians. Misna, the news agency, “has always falsely accused the Congolese Rally for Democracy. There was no massacre,” the movement’s military leader and […]