AUSTRALIAN gold miner Acacia Resources has formally recommended that its shareholders accept a takeover bid from the world’s largest gold producer, AngloGold. AngloGold has offered 3,5 of its shares for every 100 Acacia shares, a 24% premium to the share price before the bid and a 41% premium on the price before fellow Australian gold […]

AVID hikers can explore six new hiking trails that will be opened to celebrate the festive season in the Kruger National Park. Called the Millenium Trails, the six routes will operate only over Christmas, from December 23 to 26, and over New Year, from December 30 to January 2. Head of the Kruger Park Trails […]

A CONTINGENT of 10 Malawian soldiers left for the Zambian capital of Lusaka on Wednesday to begin training for peace-keeping duties in Kinshasa in the Democratic Republic of Congo. The Malawian contingent is part of an Organisation of African Unity peace-keeping initiative. Army spokesmen stressed that the Malawian soldiers are merely monitors and will not […]

OWN CORRESPONDENT, Johannesburg | Thursday 11.00am. JUDGE Willem Heath was named Newsmaker of the Year by the Johannesburg Press Club on Wednesday. Heath’s Special Investigating Uni has recovered over R1,5 billion in state assets and money since it was launched last year by former president Nelson Mandela last year, himself a former recipients of the […]

PHILLIP NKOSI, Nelspruit | 5.20pm. SUSPENDED Mpumalanga Parks Board chief executive Alan Gray threatened to interdict the provincial government on Thursday after accusing it of denying him access to information. Gray’s attorney, Pieter Swanepoel, said the MPB had consistently refused to supply his client with “vital” documents required to disprove 20 misconduct charges. The charges […]

BLACK empowerment Worldwide African Investment Holdings has acquired 20% of South African oil group Engen from Malaysian national oil company Petroliam Nasional Berhad. Business Day reports that the deal follows the related acquisition of Worldwide subsidiary Zenex by Engen last month. Petronas bought an initial 30% stake in Engen for R1,7bn in 1996 and increased […]

THE Congress of Traditional Leaders of SA on Wednesday defended the practise of paying the country’s unelected traditional leaders from the public purse, saying they provided valuable service to more than 18 million people. Those leaders which held public office “of a political type” were entitled to salaries, pensions, medical aid benefits, subsidised accommodation, and […]

OWN CORRESPONDENT, Harare | Thursday 7.00pm JUST under four and a half hours were lost as thunderstorms severely restricted play on the first day of the second cricket Test in Harare between Zimbabwe and South Africa. In the 94 minutes of play, Zimbabwe could only score 48-3, having been put in to bat by South […]

CANADIAN Prime Minister Jean Chretien left Nigeria on Wednesday for South Africa at the end of a two-day official visit. The Canadian leader is due to attend the Commonwealth summit in Durban, starting on Friday. While in Nigeria, Chretien met President Olusegun Obasanjo and other top officials. At a joint press conference with the Nigerian […]