OWN CORRESPONDENT, London | Monday 7.25pm SUB-SAHARAN Africa, with Mozambique in the lead, is set to be the fastest-growing region in the world this year, according to the latest annual analysis by the respected Economist Intelligence Unit. It forecasts that the world will be a richer place than it has ever been, even if 1,3-billion […]

ANGLO American Zimbabwe said on Wednesday it has reached a provisional agreement to purchase the Zimbabwe Mining and Smelting Company with partners of its choice. In a statement, the company said the finalisation of the purchase is subject to conclusion of a due diligence exercise undertaken with the government’s support as well as regulatory approvals […]

COMBINED gold and foreign exchange reserves rose R0,2-billion in December to R45,4-billion from November’s R45,2-billion according to the latest figures released by the Reserve Bank on Wednesday. The figures confirm that there was a steady flow of foreign cash into the country’s buoyant financial markets over that period. A Reuters poll of economists saw the […]

MEMBERS of the advertising industry said on Thursday that they expect clients to spend around R8,5-billion this year, up 10% from last year, in accordance with hopes for an upturn in the economy. Although the final numbers are not in, the industry estimates between R7,5-billion and R8-billion was spent on advertising in 1999 when the […]

SOUTH Africa’s largest life assurer Old Mutual Plc said on Tuesday it had agreed to sell its UK life business, Old Mutual Life Assurance Co Ltd, to two companies. Once the deals are completed, the combined impact is expected to release back to Old Mutual capital of around 75-million pounds during this year, a suplus […]

SOUTH Africa, Algeria and Morocco have named squads for the African Nations Cup finals in Ghana and Nigeria from January 22 to February 13: Squads: South Africa Goalkeepers: Andre Arendse, John Tlale, Hans Vonk Defenders: Mark Fish, Pierre Issa, Papi Khomane, Lucas Radebe, Frank Schoeman Midfielders: Alex Bapela, Quinton Fortune, Steve Lekoelea, Helman Mkhalele, Thabo […]

EMMA THOMASSON, Johannesburg | Monday 4.30pm INVESTORS piled into the Johannesburg Stock Exchange on Monday, pushing equities to fresh record highs and bond yields down to levels not seen since the emerging markets crisis of 1998, as economists predicted a rosy 2000. The Johannesburg All-Share index ended up 3,58% at 8963 points after briefly breaching […]

ENIWOKE IBAGERE, Lagos | Monday 5.30pm. NIGERIA’s national soccer team captain and Turkey-based striker Daniel Amokachi will not make the final squad for the African Nations’ Cup tournament because of injury, assistant team coach Amodu Shaibu said. Shaibu said injuries and lack of form among key players had significantly weakened the side before the contest […]

OWN CORRESPONDENT, Cape Town | Monday 3.00pm. ERNIE Els found himself on the receiving end of yet another Tiger Woods PGA Tour blitz when he lost the season-opening Mercedes Championship played at Kapalua, Hawaii in a playoff on Sunday. Woods birdied the second extra hole to beat the South Arican after a riveting final-round head-to-head […]

OWN CORRESPONDENT, Johannesburg | Monday 4.30pm INVESTORS piled into South African markets on Monday, pushing equities to fresh record highs and bond yields down to levels not seen since the emerging markets crisis of 1998, as economists predict a rosy 2000. In a massive rally that swept across the market, the financial index rocketed over […]