MOZAMBICAN President Joaquim Chissano assured foreign investors on Tuesday his country would remain stable even if his ruling Frelimo party lost its parliamentary majority in elections due this week. But he told a southern African investment conference in Maputo that he was still confident his party would strengthen its parliamentary position after the December 3 […]

OWN CORRESPONDENT, Johannesburg | Tuesday 6.00pm. GOVERNMENT said on Tuesday it plans to float majority state-owned Telkom in 2001 and is proceeding with plans to sell off a stake to a black-owned partner and company employees. The cabinet sub-committee on the restructuring of state assets said in a statement it has approved the start of […]

THE mayor of Northam in the Northern Province has died of severe burn wounds after an angry woman torched his vehicle at the weekend, Julius Ramoabi sustained third degree burns on Saturday night after an unnamed woman doused his bakkie with petrol and lit it during an argument. Bushveld police spokesman Captain Blackie Swart said […]

BRONWEN ROBERTS, Pretoria | Tuesday 9.25am THE DEFENCE force acquired a machine that could permanently alter human aggression levels by tampering with the brain, the Pretoria High Court heard on Monday. The claim was made at the murder, drug and fraud trial of scientist Wouter Basson — who headed the past regime’s biochemical warfare programme […]

SASOL, the oil from coal pioneer, said it will improve its bottom line by R300-million for every sustained increase of $1 above the $16 level in the steadily rising derived crude oil price, according to the Business Report. The paper reports the derived crude oil price is now at $19 a barrel. If the derived […]

ROOKIE professional Jean Hugo won his first tournament on Southern African soil when he claimed a two-shot victory in the Vodacom Tour’s Zimbabwe Open at the Chapman Golf Club on Sunday. The win was Hugo’s first in only five tournaments as a professional, and guarantees him an exemption on the Vodacom Tour until 2002. A […]

WORLD number one gold producer AngloGold Ltd said on Monday that it bought a substantial portion of the Bank of England’s third bullion auction and used the purchase to unwind part of its hedge. “We did bid at the auction and bought 300000 ounces. We have a large hedge and it suited our purposes to […]

OWN CORRESPONDENT, Johannesburg | Tuesday 6.00pm. SOUTH Africa recorded a R911-million trade surplus in October compared to a R1,37-billion surplus in September, the country’s customs and exise department said on Tuesday. Analysts forecast a deficit of R700-million. The cumulative surplus for the first 10 months of the year amounted to R13,09-billion compared with R966-million surplus […]