DURBAN Roodeport Deep plans to sharply accelerate its merger and acquisition strategy in Australia, CE Mike Prinsloo said on Tuesday. A target list of six stocks has been refined from an initial register of 38 stocks examined. Prinsloo, declined to name his preferred six, but said that early moves might be made on lifting his […]
THE Japanese government is to finance the modernisation of Mozambique’s biggest fishing port in the capital Maputo, official sources announced on Wednesday. The national director of fishing, Herminio Tembe, told Radio Mozambique that Japan is donating about four million US dollars for the rehabilitation of the port. The donation comes as the government is striving […]
THE second of five toll gates on the multi-billion rand Maputo Development Corridor was opened on Tuesday. Trans-African Concessions (Trac) CEO Trevor Jackson said that the company has implemented a comprehensive incident management system along most of the route. He said the system integrated the services of Trac patrol vehicles, local emergency services, and protection […]
SUN International Hotels annouced on Tuesday that it is to buy the Desert Inn hotel and casino in Las Vegas from Starwood Hotels & Resorts Worldwide for $275-million. The complex has 715 rooms, an 18-hole golf course and 32 acres of undeveloped land. Starwood owns the Sheraton and Westin hotel chains.
MORE than 200 students at a teachers’ college in Mpumalanga have gone on hunger strike – because they say they are not getting enough food. Boarders at Mgwenya College of Education near Nelspruit complained when only half of them were given breakfast on Tuesday morning. And when only the boarders received lunch, all students decided […]
JAPAN has given both the Zambian and Zimbabwean governments 1,7-billion to facilitate the construction of a modern bridge at Chirundu border post. Zambian daily The Post reports that finance and economic development minister Edith Nawakwi, signing on behalf of the Zambian government, hailed the funding as it will help improve the vital link to Southern […]
AN inspector stationed at the Hout Bay police station was on Wednesday arrested by the Independent Complaints Directorate and will face charges of murder, defeating the ends of justice and perjury, according to ICD regional director Riaz Saloojee. Saloojee said the policeman allegedly shot and killed a man said to have been involved in a […]
THE Truth and Reconciliation Commission’s amnesty committee hearing into the 1992 Boipatong massacre was thrown into disarray on Wednesday when a woman who was sexually assaulted in the attack queried the manner of her cross-examination and refused to answer questions. Attorney Rian Strydom fell foul of the committee as he questioned Molete about her sister’s […]
EMMA THOMASSON, Johannesburg | Thursday 4.10pm INSURANCE and financial services group Old Mutual Plc on Thursday released its long-awaited prospectus of its plans to list on in London and Johannesburg — detailing a listing on July 12 with a market capitalisation of at least 3,65 billion. Old Mutual said it will issue 2,97-billion shares to […]
LUCIA MUTIKANI, Johannesburg | Thursday 10.40am THE building industry, mired in the industry’s worst recession in decades, will suffer a 6% contraction and shed 30000 jobs this year, an industry official said on Wednesday. Building Industries Federation of South Africa (Bifsa) executive director Ian Robinson said that harsh economic conditions and nervousness ahead of elections […]