STRONG profits and sales gains reported on Thursday by Swiss luxury goods and tobacco group Richemont confirmed a rebound in key Asian markets and helped lift luxury goods stocks in early trading across Europe. Richemont posted a 19,6% gain in attributable profit for the year ended March 31, driven largely by higher earnings in its […]
ZIMBABWE’S army has been deployed in the western Matabeleland province to forestall violent protests by villages angered by the slow pace of land redistribution. The Daily News reported that tension has been rising over the re-allocation of land from several farms acquired by government from whites to resettle landless blacks. More than 1000 villagers have […]
INTERNET-based media company Moneyweb had a successful listing on the JSE’s Development Capital board on Thursday. The share opened at 180 cents (issue price 100 cents), reached a high of 208 cents and a low of 168 cents. A total of 10-million ordinary shares were issued of which 1,5-million were allocated to Moneyweb subscribers. The […]
NOT suprsingly Lance Klusener topped the batting averages at the 1999 cricket World Cup. The player of the tournament played eight innings in nine matches, and was not out in six of them. With a run total of 281 — including a two unbeatedn 50s and the highest tally of sixes — he finished with […]
THE man accused of raping journalist Charlene Smith appeared briefly in the Johannesburg Regional Court on Thursday. The 26-year-old Newlands, Johannesbug man, who has not yet pleaded to a charge of rape, allegedly broke into the journalist’s house on April 1 after making threatening calls to her. He allegedly raped her, covered her mouth with […]
SUDANESE President Omar el-Bashir said on Friday that his government is working toward creating a strong Islamic state that will not succumb to any outside pressure. Despite much resistance, el-Bashir said that Sudan during his 10-year leadership has never deviated from advancing Islamic goals. A strong Islamic nation would lead the world to respect Muslims, […]
UGANDA is accusing the Sudanese embassy in neighbouring Kenya of coordinating bomb and grenade attacks which have left 55 people dead and 183 injured in Kampala since 1997. In the past, Sudan has accused Uganda of supporting the rebel Sudan People’s Liberation Army and Kampala in turn accuses Khartoum of backing rebels fighting the Ugandan […]
GAUTENG’s new Premier Mbhazima Shilowa named his provincial executive committee on Friday afternoon. Notable by their absence from the new executive are former housing MEC Dan Mofokeng and local government MEC Sicelo Shiceka, as well as previous premier Mothole Motshekga. The only incumbent to retain his portfolio was finance and economic affairs MEC Jabu Moleketi. […]
FOLLOWING the drop of the repo rate, or Reserve Bank overnight lending rate, to 15,222% on Thursday, a rate cut has become imminent. The repo rate is now close on 400 points lower than the current prime lending rate of commercial banks, at 19%. At present, such a 400 point margin usually triggers a prime […]
THE Congress of South African Students (on Thursday re-affirmed its commitment to make the Western Cape “ungovernable” if the African National Congress was not given control of the province. Cosas provincial deputy chairperson Mailibongwe said in Athlone that they would hold meetings on Thursday and Friday with students to discuss the coalition impasse. Asked if […]