ALISTER BULL, Johannesburg | Thursday 12.15pm. SOUTH Africa on Wednesday revealed its notorious murder rate was on the increase after four years of decline, backing popular impressions that crime is out of control. The Ministry for Safety and Security issued figures for the three months to February, 1999, which showed murder up to 15,9 per […]
GHANAIANS on Tuesday celebrated the enthronement of their new Ashanti king, who was officially proclaimed the new occupant of the sacred Golden Stool on Monday night in Kumasi.In a private ceremony that began at midnight, 48-year-old Nana Kwaku Dua underwent final rites to become the 16th occupant of the Stool, believed to have fallen from […]
SOUTH African Airways annouced on Tuesday that it has signed a memorandum of understanding outlining a long-termpartnership between SAA and Cathay Pacific Airways. Areas of co-operation outlined in the MOU include codeshare services, frequent flyer programmes (FFP), and ground handling arrangements. South African Airways is Cathay Pacific’s sixth codeshare partner. Cathay Pacific commenced flying to […]
SARAH BULLEN, Cape Town | Wednesday 3.00pm PRODUCER inflation, as measured by the change in the Producer Price Index (PPI), rose an annualised 5,5% in March, up from February’s rise of 5,0%, Statistics South Africa said on Wednesday. From February to March PPI increased by 0,3%, while the seasonally adjusted index increased by 0,9%. The […]
NIGERIA will begin exploiting its vast deposits of bitumen, an essential material for road construction, next month, an official said on Tuesday. Most Nigerian roads are in deplorable condition due to lack of bitumen, while the oil-rich west African country has an estimated 42 billion barrels worth of bitumen deposits in the southwest of the […]
THE Lagos Stock Exchange has begun computerised trading on an automated trading system, ending 37 years of floor trading, officials at the exchange said on Wednesday. The introduction of computerised trading Tuesday is expected to boost trading volume on the market, which has grown sharply in recent years.
ABDELAZIZ Bouteflika was sworn in as Algeria’s new president on Tuesday. Bouteflika (62) won a presidential election on April 15 in which he stood as a sole candidate — and the one favored by the military establishment — following the withdrawal of six others on allegations of fraud. The circumstances of Bouteflika’s election drew expressions […]
KAGISO Media has bought the Rand Easter Show, Saitex and Auto Africa, according to a group announcement made on Monday. A new subsidiary called Kagiso Exhibitions will become the holder of these companies. The National Exhibition Centre (Nasrec) cost R44,25-million and the issue of shares worth R2,3-million. Most of the purchase price was attributed to […]
President Nelson Mandela arrived in Moscow.
THE net profit of the motor trade sector last year was 20,6% lower than the previous year, Statistics South Africa announced on Monday. Dividends paid in the sector were down 75,1% while interest paid increased by 8,5% over the same period. Capital spending on new assets in 1998 was 16,8% lower than in the previous […]