KENYA’S posts and telecommunications monopoly is to be split in June to facilitate liberalisation and privatisation of the country’s telecommunications and postal sector, officials said on Tuesday. A communications commission has already been established to oversee privatisation of the state-owned Kenya Posts and Telecommunications Corporation ). The Communications Commission of Kenya is expected to license […]
THE Tsogo Sun group withdrew its application against KwaZulu-Natal premier Lionel Mtshali regarding casino licences in Durban. The group will pay all court costs. No reason was given for the withdrawal. The move comes while opposition parties in the province are complaining about the Inkatha Freedom Party’s Gambling Amendment Bill and what the call the […]
WEDNESDAY, 1.00PM: CRITICISM of the South African Reserve Bank has been rejected by its governor, Chris Stals, who pointed out that any “attacks on its independence” are likely to provoke a negative response from international investors. Speaking to Reuters, Stals said: “Very serious attacks have been made on the Reserve Bank … that transactions entered […]
THE SHUFFLE at the top of New Africa Investments ltd (Nail) may put fresh life into negotiations between Nail and the Caxton publishing group for the purchase of Johnnic’s 43% stake in Caxton. Johnnic gave Nail a three-month option to purchase its stake in Caxton in early March as part of a deal to get […]
THE International Monetary Fund and Ghana on Monday signed a $209-million dollar-year loan program, with a first tranche of $30-million available immediately, the Fund said. The 1999-2001 program aims to reach economic growth of 6% from 5,6% in 1998, and to beat down inflation to 5% by 2001 from 19,3% last year, the Fund said […]
POLICE arrested 100 people for stealing unwrought gold and uncut diamonds from local mines. The arrests come from a sting operation code named Egoli. The minerals were allegedly stolen from the Randfontein and Western Areas mines. The 10-month sting operation netted 44kg of gold and 50 carats of uncut diamonds. The arrests follow the blow […]
NEIL MANTHORP, Hove | Wednesday 1.00p m. SOUTH Africa’s top two fast bowlers, Allan Donald and Shaun Pollock, believe the World Cup will not be dominated by seam bowlers to the extent that many players have predicted — and the reason is the seam itself. Speaking after the team’s first practice session in Hove on […]
CHIEFS’ boss Kaizer Motaung has complained about excessive numbers of his players doing duty with Bafana Bafana in the Caribbean. Motaung claims he was assured his players would not be called up as Chiefs are in a tight premiership race with Sundowns. Four Chiefs players are in the island-hopping squad: Brian Baloyi, Doctor Khumalo, Pollen […]
DIRECTOR-General of the Department of Arts, Culture, Science and Technology Roger Jardine has confirmed he will step down at the end of May. He will join Kagiso Media as chief executive. After resigning last year, Jardine agreed to stay on until the elections.
ZIMBABWE’S former president Canaan Banana has been defrocked by the Methodist church because of his conviction on charges of homosexual assault, the head of the church in Zimbabwe said on Wednesday.Bishop Farai Chirisa said the church decided to strip Banana of the ministry after he was convicted in the High Court earlier this year on […]