OWN CORRESPONDENT, Johannesburg | Thursday 12.00pm. SUGAR giant Illovo Sugar faces a tough year despite pushing production to fresh record levels and an anticipated rise in world sugar prices, managing director Don MacLeod said on Wednesday. Analysts said the group has performed according to market expectations, lifting their headline earnings per share 4% in the […]
STEVEN MANN, Cape Town | Wednesday 6.45pm. FINANCE Minister Trevor Manuel on Wednesday reitterated his assertion that the rand’s slide had more to do with dollar strength than the anarchy in neighboring Zimbabwe, but declined to be drawn as to whether anything would be done to shore up the ailing local currency. Addressing parliament, Manuel […]
PRESIDENT Thabo Mbeki has arrived in Britain for a two-day visit to be followed by a five-day tour of the United States. Mbeki was welcomed at the airport by South Africa’s High Commissioner in London, Cheryl Ann Carolus. The president will attend the third meeting of the United Kingdom/South Africa bilateral forum on Thursday and […]
LUKE BAKER, Johannesburg | Thursday 12.40pm. THE rand fell to a new record low against the dollar on Thursday, undermined by a fresh weakness in the euro. The currency traded briefly at $7,18 to the dollar, breaching its previous record low of R7,17 reached on May 10, before recovering slightly to stand at R7,16 at […]
THE entire 23-man crew of a Taiwanese fishing vessel and their dog reached South Africa late on Tuesday after being rescued by a Turkish ship after their boat sank in the south Atlantic Ocean. The fishermen and the dog, whose name means Prosperous Ocean in English, were deposited fit and well at the Cape Town […]
THE South African Chamber of Business has warned that the Congress of South African Trade Unions must accept that it is also responsible for the country’s economic well-being. Sacob’s policy director Henry Makupula said Cosatu should “seriously consider” the consequences of strikes given the “fragile nature of the South African economy”. He has also called […]
CRUDE prices slipped lower in midday trading on Wednesday following the publication of US supply figures and as the market digested comment from the world’s leading producer Saudi Arabia about expected output levels. In London, the benchmark Brent crude for July delivery was trading three cents lower at $27,8 a barrel. In New York on […]
OWN CORRESPONDENT, Cape Town | Wednesday 4.00pm BAFANA Bafana coach Trott Moloto has had to throw continuity out the back door in naming the Bafana Bafana side to face Malta in a centenary-celebration friendly before flying to the US to compete in the Nike Cup. Moloto would have liked to stick with the side that […]
PRESIDENT Thabo Mbeki flew to Britain late on Tuesday for a two-day visit which will be followed by a five-day tour of the United States. Mbeki will attend the third meeting of the United Kingdom/South Africa bilateral forum on May 18 and 19 and will holds talks with Prime Minister Tony Blair, likely to focus […]
WALLABY centre Tim Horan, widely regarded as one of the best midfielders in the game, will quit Australian rugby union later this year and finish his playing career with former Springbok skipper Francois Pienaar’s London club Saracens. Horan announced on Tuesday that he will leave Australia in September after the Tri-Nations series, ending a Wallaby […]