WEDNESDAY, 10.30PM: SOUTH African pulp and paper manufacturer Sappi on Wednesday announced that more than 50% of its shares are held by foreign investors, exceeding their predictions that the 50% milestone would only be passed next year. Sappi said that an asset swap of 5-million shares concluded on Tuesday brought the total non-resident shareholding to […]
ZIMBABWEAN riot police are guarding the headquarters of President Robert Mugabe’s ruling Zanu(PF) party in the capital Harare on Wednesday, a day after running battles with scores of demonstrating war veterans. At least 14 veterans were arrested after police fired teargas to disperse stone-throwing protesters blockading the headquarters to demand compensation for their role in […]
NEDBANK and two of its strategic partners have acquired a 75% stake in the Finance Corporation of Malawi, following its devolvement from government. The general manager of Nedbank Africa, Keith Key, said that the purchase is a new strategy for Nedbank to establish a network of banks in the sub-Saharan Africa, especially in the Southern […]
MICHAEL METELITS, Johannesburg | Thursday 5.30pm. SOUTH African markets waited for direction from the release of US Consumer Price Index information on Thursday, and then stayed with the data’s “no-direction” message. Most JSE indices closed without much change on Thursday, and bonds and the rand weakened slightly. US CPI data showed consumer prices unchanged in […]
CAMEROON triple jumper Francoise Mbango broke the African record in the discipline in La Roche-Sur-Yon, Frnace, on Sunday jumping 14.66m to beat the old mark set by Algeria’s Baya Rahouli by 47cm. The 23-year-old, whose jump put her into the world’s top 10 performances, remained unmoved by her achievement. “Before I came here I had […]
UNCAPPED loose forward Anton Leonard has been called into the South African squad for their Tri-Nations match against Australia in Brisbane next Saturday. Leonard – who plays for Super 12 semi-finalists The Stormers, once captaining them – will fly out on Monday as cover for injured flankers Rassie Erasmus and Corne Krige. Erasmus missed Saturday’s […]
THE former producer of SABC3’s Special Assignment programme, Max du Preez, has been appointed editor of Penta Publications’ De Kat magazine. The editorial staff of the magazine recently resigned. SABC management decided not to renew Du Preez’s contract a few months ago after accusing him of insubordination and racism. Du Preez was founding editor of […]
SOUTHERN Sun is investigating the arrest last week of 177 members of the South African Commercial, Catering and Allied Workers’ Union, the hotel group said on Monday. Southern Sun industrial relations director Steve Lonie could not comment on whether the workers, who are among those on a legal strike, would lose their jobs. The 177 […]
AFRICAN leaders pledged to continue respecting the existing borders inherited at the time of independence. In a declaration adopted at the Organisation of African Unity meeting, they said the respect of this principle had helped in the preservation of the continent’s peace and stability. In the ‘Algiers Declaration’, the leaders reaffirmed that they will to […]
SEVERAL former security policemen claim ex-president PW Botha approved the murder of eight anti-apartheid activists when he was head of state in 1985, the Truth Commission said Thursday. Some of 12 former security policemen who will appear before the TRC next week will testify that Botha, now 83, and his cabinet approved the killings, the […]