SWITZERLAND has said that it began selling off excess gold reserves on May 1, but analysts and traders expect little price reaction from the market which they say is been poised ready to absorb the sales. Last week, the Swiss National Bank reaffirmed plans to start selling 1300 tons, about half its gold reserves, as […]
BRITISH Foreign Secretary Robin Cook said he will use a meeting of Commonwealth foreign ministers in London on Tuesday to exert pressure on Zimbabwe to ease the political crisis in the country. But the Commonwealth Ministerial Action Group is expected to stop short of sanctions to force Zimbabwe to end political violence and intimidation and […]
THE International Committee of the Red Cross on Tuesday said it has begun delivering food by plane from Nairobi to Dire Dawa in Ethiopia to help victims of drought there. The ICRC said the deliveries will be made daily. The food is destined for people in Gudis and other villages in the southeastern Imi district, […]
SOUTH Africa’s Amanda Coetzer, a wildcard entry, got off to a winning start in the $535000-dollar WTA tournament in Hamburg on Tuesday beating Romania’s Ruxandra Dragomir 6-0, 6-4. Coetzer, who was seeded eighth after an injury-related withdrawal by Russian Elena Likhovtseva, only struggled early in the second set when she had to come back from […]
STAKEHOLDERS in the West African Gas Pipeline project will take a final investment decision on the project within the next nine months, a leading Ghanaian energy official said on Thursday. Ghana, Nigeria, Benin and Togo are jointly sponsoring the $400-million pipeline project which entails construction of over 600 km of pipeline that will supply about […]
NEWS photograper Obed Zilwa is expected to appear before the Zimbabwean attorney-general on Tuesday morning. SABC radio news reported that Zilwa will return to South Africa after his appearance. Zilwa, who works as a photographer for the Associated Press, was arrested last Wednesday on the basis of an eye witness account that the was seen […]
THE violent struggle in Zimbabwe to seize white-owned farm land will have a ”strong effect” on investments, the chief executive of DaimlerChrysler, Juergen Schrempp, warned on Thursday in Berlin. Referring specifically to Zimbabwe while opening a conference on private investments for Southern Africa, Schrempp said: ”The conditions for investments in any country are political and […]
POLICE have named Stormers and Springbok rugby player Robbie Kempson as the suspect arrested by police on Sunday in connection with the attempted rape of a 17-year-old girl in Claremont. Cape Town police spokesman Captain Jacques Wiese confirmed the player was released on R2000 bail after he appeared in the Wynberg Magistrate’s Court on Sunday. […]
OWN CORRESPONDENT, Zamboanga | Tusday 9.00am. MANY of the hostages abducted from a Malaysian resort last weekend are on the verge of a nervous breakdown, South Africa’s Monique Strydom already having collapsed. The hostages being held by Muslim extremists are asking for food and clean water, a kidnapper, Abu Issa, said in an interview with […]
THE Department of Civil Aviation is investigating two large metal balls that mysteriously fell out of the sky and onto farmland in the Western Cape in the past few days. The Star reports that astronomers said the balls could be part of a decaying satellite and that Nasa has predicted that parts of a Pegasus […]