SARAH BULLEN, Cape Town | Wednesday 5.10pm THE Johanneburg Stock Exchange had a stong finish on Wednesday, pushed higher by an earlier boost in the gold price and a strong performance from resources sector. Gold reached a high of $299 on the day, boosted by the close-out in the New York over the counter gold […]

STANBIC is expected to address a meeting of shareholders and analysts in Midrand on Wednesday, at which he is expected to provide more information on Stanbic’s counter-proposals to the Nedcor takeover bid. On Tuesday the Insurance and Banking Staff Association said it suports the hostile takeover bid. Ibsa is a predominantly a Nedcor staff association. […]

AT least 200000 people are expected to converge on central Durban on December 31 to celebrate the new millennium, the sponsors of festivities in the city said in a statement on Wednesday. The Durban Port Carnival 2000, which will be televised worldwide, is expected to attract around 25000 revellers. “The Durban public can be assured […]

OWN CORRESPONDENT, Cape Town | Wednesday 6.00pm. THE international Sevens event to be held in Stellenbosch on December 10 and 11 as part of the new IRB Sevens World Series will provide a significant boost to the game in South Africa, says Sarfu CEO Rian Oberholzer. Oberholzer says the tournament will make a major contribution […]

IT group Dimension Data (DiData) has proposed dual primary listings on the London and Johannesburg stock exchanges for its international assets, estimated to be worth about $3,5-billion. Business Day reports that DiData chairman Jeremy Ord said this will be an interim measure pending greater clarity from government on moving DiData’s domicile offshore. Although a primary […]

SOUTH Africa and Kuwait are eager to boost their military cooperation, Defence Minister Patrick Lekota said on Monday, shortly before the end of a three-day visit to the emirate. He said the two countries are convinced of the need to draw up and sign such a cooperation agreement, the official KUNA news agency reported. Lekota […]

CHINESE parliament chairman Li Peng on Tuesday pledged to continue assistance to Kenya, especially through joint ventures in exploiting natural resources. Speaking at a meeting with Kenyan President Daniel arap Moi, Li said that as soon as China becomes a member of the World Trade Organisation, it will work closely with other developing countries. Li, […]

BRITAIN’s Princess Anne landed in Botswana on Tuesday on the first leg of a three-nation African goodwill tour. Wearing a green suit buttoned high at the neck, Princess Anne was met by Foreign Affairs Minister Mompati Merafhe and British High Commissioner John Wilde. Merafhe stood in for President Festus Mogae who is at a summit […]

THE Reserve Bank’s monetary policy committee meeting kicked off in Pretoria on Wednesday with a committment by Reserve Bank governor Tito Mboweni that the committee will provide more information later in the day on how it calculates its monetary policy stance. At its meeting last month, the first since it assumed its new form, the […]

ALLEGED mafioso Vito Palazzolo has turned the tables on the Western Cape police and laid a charge of defamation of character against police management for a report last year that named him as head of the Western Cape mafia. The Cape Times reports that Palazzolo has filed a civil action in the Cape High Court, […]