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 […]
JUSTIN ARENSTEIN, Nelspruit | Wednesday 4.15pm. MPUMALANGA Premier Ndaweni Mahlangu owes the public a detailed explanation outlining why he appointed leaders to his cabinet who are admitted liars, the presiding bishop of the Methodist Church, Mvume Dandala, said on Wednesday. Dandala said Mahlangu’s planned apology for attempts to defend new finance MEC Jacques Modipane’s breach […]
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 […]
ANGLO American Platinum Corporation — the world’s biggest platinum producer — on Monday said it has “as a last resort” retrenched 415 employees at its Lebowa mine in Northern Province. Amplats spokesperson Johan Adler said Lebowa has not been performing well for “quite a few years”. “We explored everything as required by the Labour Relations […]
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. […]
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 […]
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 […]
OWN CORRESPONDENT, Johannesburg | Tuesday 4.00pm. MARIAAN DE SWARDT has no fear of Steffi Graf in their second-round bout at Wimbledon, and actually fancies her chances of an upset. The two are tied one-all after two previous matches. In 1992, Graf beat de Swardt 7-5 in a tight third set at Wimbledon, and in 1995 […]
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 […]