MULTINATIONAL banking and investment group, Investec, will seek to enhance its critical mass in the UK, where it has already bought and integrated merchant banking and asset management businesses, with “one or two acquisitions”, according to the Business Report. Stephen Koseff, the bank’s chief executive, said these will be in the fund management, banking and […]

SOUTH Africa’s 1995 World Cup winning skipper, Francois Pienaar has reportedly turned down an opportunity to coach the Natal Sharks. After having left South Africa, Pienaar was rewarded with a career as player, coach and executive at Saracens one of the most ambitious clubs in England. The blonde flanker has rejected the Sharks’ offer to […]

FORMER IBF junior featherweight world champion Vuyani Bungu has ended months of speculation by saying that he will resume his boxing career. There was a lot of speculation regarding Bungu’s future after his dismal performance against Naseem Hamed in March. He was stopped in four rounds by the WBO featherweight world champion in a fight […]

ORGANISATION of African Unity chief Abdelaziz Bouteflika, the Algerian president, arrived in Addis Ababa on Wednesday and went into talks on the Horn of Africa conflict with Ethiopian Prime Minister Meles Zenawi. Bouteflika’s special envoy Ahmed Ouyahia said the OAU chairman wanted to accelerate the pan-African body’s efforts to end the war between Ethiopia and […]

NATIONAL Parks chief executive Mavuso Msimang said on Wednesday that 13 sites in the country’s national parks are to be commercialised over the next few months. Nine of these are rest camps in the Kruger National Park. Others are in the Addo Elephant National Park, the Kgalagadi Transfrontier Park and at Golden Gate. Msimang said […]

ANGOLAN rebel group Unita said on Tuesday that it has freed five Russian pilots captured in Angola. In a statement released in Lisbon, Unita said the pilots were freed on February 5 in response to appeals from family members and diplomats. Unita said the pilots had been handed over on May 22 to authorities in […]

OWN CORRESPONDENT, Johannesburg | Wednesday 2.00pm. FRESH claims have been made that weapons – but no “atom” bomb – as well as an Amscor “agent” were aboard the ill-fated Helderberg. Two Johannesburg newspapers carried further “revelations” about the mysterious downing of the SAA flight in November 1987 that killed all 159 on board. Well-known businessman […]

REBELS in the Democratic Republic of the Congo said on Tuesday they would withdraw their troops this week from the disputed diamond city of Kisangani along with Ugandan and Rwandan forces. But Kin-Kiey Mulumba, spokesman for the Congolese Rally for Democracy (RCD), said rebels would reserve the right to defend the town from any attack […]

OWN CORRESPONDENT, Johannesburg | Wednesday 1.50pm. THE National Union of Mineworkers faces financial ruin if Eskom is successful in suing it for some R6,1-million for damage to property caused by its members during strike action. In a similar case Telkom is claiming R285000 from the Communication Workers’ Union, The Star reports. According to the paper […]

CONTROVERSIAL draft legislation, which proposes that gun licences will have to be regularly renewed and that anyone wanting one will have to undergo compulsory competency training, was tabled in Parliament on Monday. The government claims the Firearms Control Bill will help stem the proliferation of illegal weapons, but opposition parties say it will be difficult […]