THE Finance Department said on Friday that R15,87-billion was requested from the exchequer in November by government departments and agencies, compared to October’s R14,86-billion. This brings exchequer issues for the first eight months of the financial year (April to November) to R140,72-billion,the department said in a statement. The total was 5,1% up on the R133,91-billion […]

OWN CORRESPONDENT, Johannesburg | Tuesday 7.30am A GOVERNMENT-appointed team investigating the South African diamond industry urged Monday a thorough overhaul of the country’s diamond controls and its gem valuating system. A report released here by a task team appointed by the Cabinet earlier this year also called for a review of the composition, role and […]

A SENIOR Northern Province policeman was denied bail on Tuesday when he appeared for allegedly raping and indecently assaulting under-aged girls. Senior Superintendent Shimanyana Frans Lebese, 49, of Lebowakgomo, was not asked to plead in the Potgietersrus District Court on Tuesday on three charges of rape, and three of indecent assault. He was denied bail […]

L ONDON-listed Anglo American Plc said on Friday that it has lifted its stake in Anglo American Platinum Corp (Amplats) to 50,23%. Anglo, which previously made clear its intention to secure a majority holding in the world’s largest platinum producer, increased its holding to 48% last month from 45% at the time of its listing […]

THREE barges carrying a floating power station arrived in the Nigerian capital Lagos this week, under a deal reached earlier this year to boost chronic power supplies in the city. United States group Enron in September signed a deal with the Lagos State government to supply a 90 megawatt floating power station to be moored […]

OWN CORRESPONDENT, Johannesburg | Tuesday 3.40pm. TRANSPORT minister Dullah Omar on Tuesday blamed reckless, speeding drivers for hundreds of deaths on the roads as the festive season gets into full swing. The holiday carnage has claimed 459 lives since December 1 and is expected to get worse this week as South Africans and foreign tourists […]

ANNOUNCEMENT of final official results from Mozambique’s presidential and parliamentary elections was delayed Monday to allow time to verify the results with the political parties involved, the National Elections Commission (CNE) said. The CNE said it will try “its best to publish the results by Tuesday.” The results were billed to be released on Monday […]

OWN CORRESPONDENT, Cape Town | Tuesday 10.45am GOVERNMENT announced on Monday that it is to merge its gas exploration company Mossgas and oil exploration company Soekor into a commercial venture with an expected market capitalisation of over $2-billion. Announcing the restructuring, Minerals and Energy Minister Phumzile Mlambo-Ngcuka said that the new entity will focus on […]

MALAWI national coach Jack Chamangwana has been sacked and replaced by former international player Young Chimodzi, a Malawi football association official said on Monday. The national team lost 2-1 to Libya and twice drew 1-1 with Rwanda this month in home matches designed to prepare the Flames for their World Cup qualifiers against Kenya during […]

LAURIE Mains will not be leaving the Golden Lions and the Cats for a New Zealand coaching post, says his boss, Golden Lions president Jomo King. King said Mains, in New Zealand on holiday, has a three-year contract at Ellis Park and would be returning on Januray 17. “I’ve spoken to him again and there […]