Staff Reporter
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/ 18 May 2000

JSE, gold hammered by US rates hike

ALAN FINLAY, Johannesburg | Wednesday 4.00pm. LOCAL markets and gold were hammered on Wednesday after a fifty basis point interest rates hike to 6,5% in the US produced a demand for dollars and dampened local counters. Analysts said the negative sentiment was surprising, after the Dow Jones responded positively to the hike. The US Federal […]

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/ 18 May 2000

JSE finishes lower for second day

ALAN FINLAY, Johannesburg | Thursday 4.00pm. THE JSE recorded losses for the second day in a row on Thursday, after the US interest rate hike of half-a-percent pushed the bourse lower on Wednesday. The overall finished 0,55% or 41 points down. The rand also weakened considerably, touching a new low of R7,18 to the dollar […]

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/ 18 May 2000

HEYNS WITDRAWS FROM MARE NOSTRUM

DOUBLE Olympic champion Penny Heyns has withdrawn from South Africa’s swimming team for the Mare Nostrum series in Europe. Heyns has indicated that she wants to focus on training for the Sydney Olympics in September. With the unavailability of Heyns, Ryk Neethling, Brendon Dedekind and Roland Schoeman for the European meets, South Africa’s medal charge […]

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/ 18 May 2000

USAID PLEDGES MILLIONS IN AID

THE US Agency for International Development (USAID) has pledged $250-million in development aid to South Africa for the next five years. The money will be used to stimulate job creation, strengthen the country’s justice system, improve access to health, education and housing for its people and fight the spread of HIV/Aids, the US embassy and […]

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/ 18 May 2000

Fiery Giddins sinks Zim

JULIAN GUYER, London | Thursday 7.00pm. ENGLAND were 29 for one in reply to Zimbabwe’s 83 all out, the lowest at Lord’s since New Zealand were dismissed for 67 in 1978, when play was abandoned for the day in the first of two Tests at Lord’s on Thursday. Heavy rain prevented any play after tea […]

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/ 18 May 2000

TICKER TAPE PARADE AWAITS BABY JAKE

ROYAL treatment will be the order of the day if Baby Jake Matlala is successful in his bid to become the first South African boxer to win four world titles next Wednesday night. “It’s already arranged,” said Rodney Berman, promoter of the triple world title bill to be held at Carnival city on May 24. […]

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/ 18 May 2000

DRC-BOUND SOLDIERS MUST HAVE AIDS TEST

ALL South African soldiers partaking in peacekeeping operations in the Democratic Republic of Congo will have to be tested for HIV in accordance with United Nations regulations. However soldiers had the right to refuse to be tested, and those that did so would have declare they were unavailable to serve in the DRC, Deputy President […]

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/ 18 May 2000

Rates expected to remain on hold

ALAN FINLAY & Reuters, Johannesburg | Thursday 11.00am. ANALYSTS have predicted that central bank’s Monetary Policy Committee, which meets on Thursday and Friday, is likely to maintain interest rates at the current level, but that a rates increase is likely later on in the year. The repo rate has remained at 11,75% since January 14, […]