NIGERIA’S President Olusegun Obasanjo on Monday called for increased foreign investment in the country’s petroleum, oil and gas sectors. “Nigeria needs all the foreign investment it can get, in order to stimulate its economy for growth”, Obasanjo told a visiting delegation from US oil giants, EXXON corporation, said spokesman Doyin Okupe. Harry Longwell, EXXON’s senior […]
THE Central Bank of Nigeria has introduced higher bills of 100, 200 and 500 for the naira as part of measures to restructure the currency, the bank said in a report on Tuesday. The CBN said President Olusegun Obasanjo has approved the new bills, which are expected to be in circulation between now and middle […]
THE KwaZulu-Natal MEC of Local Government, Police and Traditional Affairs, Nyanga Ngubane, appeared briefly in the Pietermaritzburg Regional Court on Friday on charges relating to the Arms and Ammunition Act. Ngubane’s co-accused is his son S’gwili Cyril Ngubane, 35. IFP organiser and councillor Gamuntu Sithole,53, also appeared on charges of possession of the barrel of […]
TWO Johannesburg policemen were arrested this week for allegedly helping four illegal immigrants from Mozambique to escape from a train transporting them back to their country. Investigating officer Sergeant Ian Polley of the internal tracing unit on Friday said the policemen would be charged with corruption, aiding and abetting, and assisting unlawful escapes from custody. […]
SOME 250 National Union of Public Service and Allied Workers’ members marched on two government departments in Pretoria to demand a revised salary offer on Tuesday. Nupsaw, which claims to represent about 65000 public servants, is demanding a 10% increase, compared to an offer of 5,7%.Other demands included an unconditional moratorium on retrenchments, and “transformation […]
THE Vodacom Eagles of the South Western Districts retained their unbeaten record in the Bankfin Currie Cup competition when they defeated the Fedsure Western Province team 36-24, after the visitors had been ahead 15-10 at halftime. WP led on the scoreboard for a major part of the game, but towards the end the Eagles managed […]
SPRINGBOK and Blue Bulls star Joost van der Westhuizen returns to the fray on Sunday with a 20 minute stint for the Bulls against Natal. After a layoff of 26 weeks, van der Westhuizen is anxious to push the limits again. He claims his knee is at full strength, and wants to regain a Springbok […]
OWN CORRESPONDENT, Johannesburg | Monday 5.00pm. FINANCIAL groups Genbel Securities (Gensec) and Real Africa Durolink Holdings (RAD) have linked up with with Stuart Rees, founder of the South African Futures Exchange (Safex), to set up a corporate debt market in South Africa. Gensec and RAD noted the lack of a formal market in corporate and […]
FARMERS in the Western Cape will import 500000 tons of yellow maize this season for animal feed, buyers said on Tuesday. A spokesman for the Western Cape Maize Buyers Association said that it has begun importing from Argentina, and is likely to ship in more than usual due to low availability locally. The Western Cape […]
THE South African Under-21 rugby team will face Western Province Under-21 at Bellville Rugby Club on Saturday as part of their preparations for the SANZAR/UAR Under-21 Tournament in Argentina in July. The match kicks off at 4pm. The 28-strong Under-21 squad has just completed an intense week-long training camp in Cape Town. The camp included […]