MOZAMBIQUE’S public rail and port company, CFM, is soliciting neighbouring countries for the US$300-million it needs to upgrade the Sena Line, linking the country’s second port of Beira to Malawi. The 600km railway through Mozambique’s central Sofala province was heavily mined and sabotaged during the country’s 16-year civil war which ended in 1992. CFM board […]
SOUTH Africa’s equity markets are among the most attractive in emerging markets, according to a poll of US-based investment managers and traders. Low prices for essentially good shares make SA’s markets a better choice than comparatively expensive Latin American stocks, according to some US funds. Recent price hikes in other emerging markets have left SA […]
MALAWI’S opposition on Friday faced a new setback in its challenge to President Bakili Muluzi’s reelection victory when a court deferred a hearing on the affair to next month. The opposition is seeking the annulment of the results of presidential elections on June 15, charging that they were rigged. The delay was necessitated when Muluzi’s […]
LAWRENCE BARTLETT, Lusaka | Monday 9.00pm. EFFORTS to end Africa’s international conflict in the Democratic Republic of Congo faltered on Monday as a draft ceasefire agreement was rejected by some of the warring parties, conference sources said. A long-awaited meeting of foreign and defence ministers in the Zambian capital Lusaka broke up within two hours, […]
OWN CORRESPONDENT, Glasgow | Sunday 8.00pm. CASSIUS Baloyi successfully defended his World Boxing Union Featherweight world title in Glasgow on Saturday night in an impressive fashion. Challenger Brian Carr failed to come out for the tenth round after receiving extensive punishment in rounds eight and nine. “This is a warm-up for Hamed.” said Baloyi before […]
THE Johannesburg Stock Exchange is preparing for a complete make-over into a full electronic market starting in mid-2000, consigning paper-based equities into the dustbin of history, officials said on Tuesday. The JSE said that its Share Transactions Totally Electronic (Strate) project should improve efficiency on the local market and reduce shareholder exposure to fraudulent equity […]
THE office of President Thabo Mbeki referred all media queries on Mpumalanga premier Ndaweni Mahlangu to the African National Congress in a statement on Sunday. Mbeki’s office said Mahlangu was appointed by Mbeki as an ANC official, and sub-Premier posts were matters for the party. With this reasoning, Mbeki pushed media inquiries toward the ANC […]
ADRIAN WARNER, Cardiff | Saturday 9.00pm. WALES pulled off one of the biggest shocks in international rugby in recent years when they beat world champions South Africa 29-19 on Saturday. It was their first victory over the South Africans and it came appropriately in a match played to mark the opening of the Millennium stadium, […]
NIGERIA’S teachers union has called off its two-month-old strike following payment of a new minimum salary approved for public sector workers. Last week, the Nigerian government released 4,5-billion naira ($47-million) to settle the arrears of the new monthly minimum of 3000 naira ($32) agreed in March. The decision to end the strike was taken after […]
FOUR people were killed and several injured in an explosion on Friday at a Pietermaritzburg candle factory. Police are investigating the cause of the explosion.