SOUTH Africa could negotiate on Zimbabwe’s behalf with the International Monetary Fund and the World Bank to help Harare out of an economic crisis, President Thabo Mbeki said Thursday. Mbeki, however, ruled out the possibility of giving direct financial help to Zimbabwe to save it from fuel and electricity shortages, saying the South African constitution […]

FINANCIAL troubles at builder Stocks & Stocks Ltd did not betray a wider malaise in the local sector, which is expected to grow by four percent in 2000. “The situation at Stocks has no real influence on what’s going to happen in the industry,” said Building Industries Federation of South Africa (Bifsa) director Ian Robinson. […]

THE United States and Nigeria on Wednesday signed a framework agreement establishing a forum for discussion of trade, investment and intellectual property rights questions. Nigeria is the US’s second-largest trading partner in Africa. Through November 1999, the US shipped goods worth $573-million to Nigeria and imported items worth $3,97-billion. US direct investment in Nigeria in […]

THE judge hearing the murder and fraud trial of apartheid scientist Wouter Basson has refused to stand down, describing a prosecutor’s claims that he is biased as “absurd”. Judge Willie Hartzenberg said in the Pretoria High Court there are no grounds for the state’s claim that he had pre-judged the case. Delivering judgment on an […]

US envoy Reverend Jesse Jackson, concluding a two-week mission to promote investment in Africa, urged US companies on Tuesday to partner with African businessmen and said he will be there to help. He also said that US lawyer Willie Gary, with experience suing the tobacco industry, is contemplating spending as much as $30-million of his […]

THE Amaglug-glug squad for the Olympic qualifier against Cameroon has been announced by the South African Football Association. The squad is: Emille Baron, Wayne Roberts, Nkhipitheni Matombo, Fabian McCarthy, Quinton Fortune, Matthew Booth, Aaron Mokoena, David Kannemeyer, Patrick Mbuthu, Stanton Fredericks, Jabu Pule, Steve Lekoelea, Abram Nteo, Benni McCarthy, Daniel Matshau, Nkosinathi Nhleko, Siyabonga Nomvete, […]

SPRINGBOK winger Breyton Paulse showed electrifying form by scoring three tries in the Stormers’ 60-14 thrashing of Western Province in a pre-season match on Wednesday. The Stormers looked rusty at the start of the match, but soon got the rhythm going and scored eight tries, seven of which were converted by Braam van Straaten, whose […]

NAMIBIAN WBO junior middleweight champion Harry Simon finds himself more in demand than any boxer from Southern Africa in recent years. Ahead of his title defence on Saturday night in Dagenham, England against Enrique Areco, ShowTime television has signed him to be on the under-card for the next Mike Tyson fight. Although a date has […]

THE Shoprite Group has entered into a joint venture with the Egyptian-Kuwaiti Holding Company, which will open up investment opportunities for the supermarket group in Egypt and the Middle East, the company announced on Tuesday. Shoprite holds the majority share in the new company Shoprite Egypt. Said MD Whitey Basson: “Our decision for the business […]

ALBIE Morkel, Easterns’ 19-year-old opening bowler, led his team to a 39-run victory over Free State with a match-winning performance in their limited-overs day-night match in Bloemfontein. After choosing to bat, Easterns scored 163/9, to which Free State replied with a paltry 124-all out. Morkel was the bane of the Free State batting and produced […]