GHANAIAN mining company Ashanti Goldfields has reported a 68% fall in first quarter profits on Thursday, reflecting a lower realised gold price than a year ago.Earnings fell to $6,9-million, or six cents a share, from $21,5-million, or 20 cents, a year earlier as the average gold price obtained by the firm slid to $345 an […]
Microsoft on Wednesday filed court papers offering to change its behaviour in a move that could delay the final ruling in the anti-monopoly case brought against it by the United States government. It will also argue that the break-up of the company, as proposed by the Department of Justice and 17 US states, goes far […]
unveiled Sarah Bullen It was fortuitously good timing for Gensec to launch its new investment in a week when the markets watched, white-knuckled, as the currency dipped to stomach-lurching lows. Particularly as the unit trusts the company unveiled, ahead of a marketing blitz aimed at the rand-phobic South African investor, promise to take your money […]
Ebrahim Harvey MY REVOLUTION Something big, historic and numbing has happened to socialists and activists the world over. Since the dramatic collapse of the Soviet empire and other Eastern European Stalinist regimes in 1989, many have turned away from political and community involvement and toward themselves, friends and families. So pervasive is this inward trend […]
Glenda Daniels The public service is in for a bruising battle with organised labour if it goes ahead with plans to shift at least 125E000 unskilled workers from the state payroll. According to the latest plans drafted by the Department of Public Service and Administration, up to 20% of the public service’s unskilled employees are […]
OWN CORRESPONDENT, Johannesburg | Friday 4.30pm. THE rand remained weak by late afternoon, after testing the key resistance level of R7,03 to the dollar in early trade on Friday. Dealers said the dollar and negative overseas sentiment continues to weigh on the market. By 4pm the local currency was trading at R7,04 to the dollar. […]
With few resources to aid it, the Cape Peninsula’s visible gang unit battles to bring an end to gang activity Marianne Merten The dark alleys of gang-wracked Mannenberg on the Cape Flats resound with a rapid- fire volley of 20 gunshots shortly before 8pm on Saturday night. Gunsmoke is heavy in the air only metres […]
with fraud Darran Morgan Six members of the KwaZulu-Natal Midlands child protection unit (CPU) in Pietermaritzburg have been charged with fraud after an internal investigation revealed irregularities in informer payment claims going as far back as 1996. Most of the allegedly fraudulent claims were made out to a police reservist who, according to a member […]
ANGLO American has confirmed that it is in early discussions to form “an online joint procurement venture” with other metals mining companies. “We are in preliminary discussions with several parties but do not have any details yet,” an Anglo American spokesman said on Wednesday. The spokesman said the company will provide the market with further […]
Luvuyo Kakaza CD OFTHEWEEK Busi Mhlongo’s second album, Urban Zulu, released five years after her debut, Babemu, held the number-one hot spot for two hard-hitting months in the world charts, edging ahead of notable veteran Afro-beat stars such as Congolese virtuoso composer Ray Lema and Femi Kuti. Now with the release of Urban Zulu: The […]