THE European Union and 71 African, Caribbean and Pacific states are expected to sign a deal in May renewing the Lome trade and aid pact which expires in February, Deputy Trade and Industry Minister Lindiwe Hendricks said on Monday. Under the new deal, ACP countries will get 13,8-billion euros ($14,1-billion) in aid over the next […]

MITCH PHILLIPS, London | Monday 10.30am. RUGBY union’s planned introduction of video referees could be delayed because of concerns about costs, a leading official has claimed. The experiment was due to begin in the southern hemisphere’s Super 12 regional competition, which kicks off later this month, and the Tri Nations. But Rian Oberholzer, head of […]

OWN CORRESPONDENT, Johannesburg | Thursday 11.15am. GOLD mining giant Gold Fields on Thursday reported higher quarterly profits on the back of a stronger gold price and a turnaround at its key Driefontein mine. The Johannesburg-based gold miner posted earnings after exceptional items of R192-million for the three months ended December 31. That compares to a […]

OWN CORRESPONDENT, Johannesburg | Wednesday 6.00pm. A POSITIVE finish on Wall Street and sturdier domestic bond and rand markets jacked up shares on the JSE for the second session in a row on Wednesday, but stocks soon gave away some opening gains. Diamond giant De Beers , the exchange’s third biggest stock by value, jumped […]

THE Kenyan Football Federation (KFF) has been plunged into a deep crisis. On Monday, five of the eight National Executive Committee (NEC) members resigned en masse and called on the government to appoint a caretaker committee to run soccer in the country. The resignation follows the KFF’s failure to hold its national elections on February […]

THE US, led by new captain John McEnroe, fought back from 2-1 down to beat Zimbabwe 3-2 on Sunday and reach the quarter-finals of the Davis Cup. Cup debutant Chris Woodruff applied the killer touch after world number one Andre Agassi had beaten Byron Black in straight sets, knocking off Wayne Black 6-3 6-7 6-2 […]

SARAH BULLEN, Cape Town | Monday 3.00pm STANDARD Bank Investment Corporation (Stanbic) on Monday lost its high court bid to have its proposed acquisition by smaller rival Nedcor adjudicated by the Competition Commission. Pretoria High Court Acting Judge Nico Coetzee ruled that the minister of finance has the final say about the proposed the hostile […]

TOYOTA South Africa denied that it is linked to the taxi rebels threatening to disrupt the government’s plans to reshape the beleaguered industry. “I want to state categorically that Toyota South Africa is fully supportive of the government’s concept of taxi industry recapitalisation which has as its prime focus affordability for commuters and the overall […]

OWN CORRESPONDENT, Accra | Sunday 6.30pm. FORMER champions Cameroon survived a nervous finish to defeat Algeria 2-1 in Accra on Sunday in the first quarter-final of the African Nations Cup. Early goals from Samuel Eto’o and Marc-Vivien Foe put the 1984 and 1988 winners in command only to relinquish the initiative in the second half […]

RANDGOLD Resources reported an after-tax loss of $14,02-million for the quarter ended December 31, nearly double its loss of $7,5-million in the previous quarter. The London-listed company said Syama, in Mali, the company’s only operating mine, had been beset by problems during the quarter. These included power disruptions, heavy rains, down time due to the […]