DEBSWANA, the 50/50 diamond mining partnership between De Beers Centenary AG and the Botswana government, has reported a 21,8% drop in revenue to 5,4 billion pula for the last financial year. The drop for the year ending December 1998 is partially attributed to a 1,7% drop in the carat weight of stones recovered, from 20,12-million […]
IN a diplomatic drive to promote transparency in regional elections, the Southern African Development Community’s Electoral Commission’s Forum is exploring the possibility of sharing technology to ensure a more efficient, open delivery of results in the 14 member states. Inspired by the high-tech display in the 2 June South African elections, where the Independent Electoral […]
SOUTH Africa’s Oppenheimer gold and diamond dynasty is the world’s 227th richest family, with an estimated $2,2-billion fortune, according to Forbes magazine. Tobacco baron Johann Rupert is number 390 on the list, with a personal fortune of $1,3-billion. Microsoft chairman Bill Gates is still the world’s richest man, with a personal fortune estimated at some […]
MONDAY, 6.30PM: AMID the gloom and doom of the last three days’ trading, the Johannesburg Stock Exchange denied all odds to execute a sharp turnaround on Tuesday afternoon, gaining 1,2% by close of trade, reports SARAH BULLEN. The edgy market opened flat for most of the morning session, with a slight uptick in afternoon trade. […]
AIR Namibia’s recent purchase of a brand new Boeing 747-400 Combi is being challenged by a rival plane manufacturer because a proper tendering process was not followed. Airbus Industrie has asked the German Embassy to help them secure a meeting with the Namibian Government to obtain an explanation on why Air Namibia dumped tender procedures […]
FIVE Nations champions Scotland on Friday named a strong line-up for their opening match against Border in East London on Monday. Coach Jim Telfor see a win in their first tour game as vital. Eleven of the team which plays Monday have represented Scotland before, with the halfback pairing of skipper Gary Armstrong and Craig […]
TUESDAY, 1.30PM: IN the face of rising panic over escalating interest rates, Reserve Bank governor Chris Stals and Finance Minister Trevor Manuel on Monday hastened to calm investors’ nerves by underlining their belief in South Africa’s economic fundamentals. Speaking at a business forum in Hamburg, Germany, on Monday, Stals said he does not expect the […]
TUESDAY, 12.30PM: BAFANA BAFANA midfielder John “Shoes” Moshoeu has criticised the South African Football Association after two players who were found guilty of indiscipline were sent home from the World Cup in disgrace. Midfielders Brendan Augustine and Naughty Mokoena were sent home after they defied coach Philippe Troussier’s orders, and went nightclubbing until the early […]
KENYA’S Andrew Musuva outdueled Ethiopia’s Tesfaye Bekele and won the Grandma’s Marathon by four seconds in 2 hours, 13 minutes, 21 seconds on Saturday. Russian Fedro Ryjov was third at 2:13:32. Elena Makolova of Belarus set a course record in winning the women’s division in 2:29:12. Russian Albina Galliamova was runner-up at 2:30:02.
THE wife of a Nelspruit magistrate who persistently failed to appear in court on 13 traffic violations, has been rewarded by having the fines against her reduced by half last week. Estelle Smit (39), wife of District Court Magistrate, Piet Smit, paid only R900 for the outstanding fines, instead of the total R1850. Senior public […]