UNEMPLOYMENT will be tackled by the incoming African National Congress, said President Nelson Mandela while campaigning in Sebokeng on Tuesday. Mandela promised that “A major national offensive will be launched against the scourge of unemployment and poverty,” and said “measures to combat unemployment are already in place.” Recognising that unemployment is at a 16-year low, […]
A BRITISH police chief was critically injured when his car rolled several times near Oshoek on the border between Mpumalanga and Swaziland on Monday, police said on Tuesday. Police spokesperson Inspector Sibongile Nkosi said Chief Superintendent George Balchin, 49, of the London City police appeared to have fallen asleep at the wheel of his Land […]
A HOMEMADE incendiary device was found outside the Pretoria home of Gauteng Freedom Front leader Joseph Chiole at about 6am on Tuesday. Seeing the package marked “a gift to General Viljoen”, Chiole drove it to Viljoen’s home. When the package was inspected at 3.30pm on Tuesday an explosive device consisting of a three quarter full […]
TUESDAY, 7.30PM: SHARES on the Johannesburg Stock Exchange ended off their lowest levels on Tuesday, but due to the 18% hike in the repo rate by the South African Reserve Bank, markets remained bearish. Dealers said that although the drastic measure was implemented to save the rand exchange rate, other markets were swamped by the […]
TUESDAY, 7.30PM: THE overall wage settlement level is down from an average 9,7% last year to 9,4%, calculated to the end of April this year, according to a report from labour researchers Andrew Levy & Associates. This matches employers’ resolve to settle on increases more closely aligned to inflation, now at its lowest level for […]
DE BEERS Consolidated Mines Limited announced on Monday it is to acquire a 21,3% stake in Anglovaal Mining Limited for a total cash consideration of R745,5-million. The deal will be carried out as a block trade through the market, at a price of R35,00 per share. De Beers said it has no intention of increasing […]
WELL over 70% of tenders for retail space in the international departures terminal at the Johannesburg International Airport have been awarded to black-controlled or empowerment companies, the Corporate Tender Board of the Airport Companies of South Africa announced on Monday. The board said that only 10% of the 38 local and international tenders awarded did […]
THE appeal of former president PW Botha (83) against his conviction for ignoring a Truth and Reconciliation Commission subpoena is to be heard in the Cape High Court on Friday. Botha was convicted last August for ignoring a summons to testify to the commission, thereby contravening the Promotion of National Unity and Reconciliation Act. If […]
WORKERS at the Ashanti Goldfields Company (AGC), Ghana’s most successful mining company, who have been on strike since May 13, have agreed to resume work, officials said late on Monday. The agreement followed a seven hour meeting held in Accra on Monday afternoon between the management of the company and representatives of the workers, the […]
MORE African footballers could be playing in the English Premier League next season following the British government’s plans to relax work permit rules next month. This means the top English teams will be able tap young and talented African footballers before they are snapped up by teams in Italy, France, Belgium and Holland. There will […]