SHARES in New Africa Investments Ltd (Nail) continued to rally on Tuesday as speculators eyed its deep discount to net asset value amid persistent reports that it is poised to restructure. The leading black empowerment company was quoted 19 cents, or almost 5% higher. “Nail is sitting on a big discount to its net asset […]
OWN CORRESPONDENT, Johannesburg | Wednesday 2.00pm. GUINEA club Kaloum sprang the biggest surprise during a weekend of African action with a 3-0 Champions League victory over Shooting Stars of Nigeria, while Sundowns failed to impress and Pirates made good headway in the Cup Winners Cup. Mamadouba Bangoura dealt the first blow to the West African […]
JUDGE Willem Heath’s special investigating unit has targeted “illegal” cottage owners on the Transkei Wild Coast. Eviction orders will be served to cottage owners from Mnyameni and Sikhombe, south of Port Shepstone. The cottage owners plan to fight the notices, says attorney Stephen Mortinson, who represents the Mnyameni owners.
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 […]
A NORTHERN Province community of has been offered full ownership of the 10km chunk of land they have lived on for the past 120-years — but only if they agree to ban bottle stores and respect the Evangelical Presbyterian Church. They will also have to agree never to build any other places of worship to […]
THREE Mpumalanga politicians have accused the Sunday World newspaper of attempting to drum up support for embattled Premier Mathews Phosa and are suing it for R1,5-million. The politicians contend in a strongly worded letter of demand that Sunday World deliberately smeared and defamed them while attempting to boost Phosa’s campaign to remain in power. Provincial […]
FOUR Zimbabwean soldiers are confirmed killed and 32 others injured in an accidental explosion at a military engineering camp in the capital Harare on Monday, an army spokesman said Tuesday. Lieutenant Colonel Ben Ncube said that of the surviving 32, several are in critical conditions with one still in intensive care. Ncube said the blast […]
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 […]
AN inquiry into why Trevor Tutu, the wayward son of Truth and Reconciliation Commission chairman Desmond Tutu, failed to appear in court last November to face reckless driving charges has been scheduled for May 17. Tutu, who was found guilty on a charge of reckless driving on April 19, will also be sentenced on that […]
INTERNATIONAL football federation FIFA is to put in place two multi-million dollar aid packages to help develop football in Africa, Michel Platini, special advisor to FIFA president Sepp Blatter, revealed on Friday. Platini, who is heading a FIFA delegation to West Africa, said that that the organisation is committed to giving $1-million over four years […]