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 […]
SHARKS lock Mark Andrews has angered Cape Town saying the Auckland Blues can beat the Stormers, and been labeled a “turncoat” by the media. “The Blues are more physical than the Stormers, who have the skills but not he same intensity,” Andrews told a New Zealand newspaper. The Stormers, one of the form side of […]
A MAJOR meeting of countries who are signatories to the Convention Banning Anti-Personnel Landmines is scheduled for Maputo next month. Attendees will further pledge commitment to the Mine Ban Treaty and to assess its implementation. The Treaty agreed to in Ottawa, Canada, in 1997 was negotiated over a record one year period. It has been […]
VILLAGERS have burnt to death four women they accused of being witches, police in South Africa’s Eastern Cape province said on Monday. The villagers allegedly herded the women into a traditional thatch-roofed hut on Sunday in the rural Thabankulu area near Mount Ayliff and doused the hut with petrol before setting it alight, police said.The […]
EGYPT’S top movie stars will lend their voices to “talking” traffic lights amid government efforts to help the blind negotiate the congested streets of the capital, police sources said on Tuesday. The first ladies of the silver screen Yusra and Nabila Ebeid and veteran screen and stage actor Jamil Rateb among others have taped special […]
ZIMBABWE was cut off from the rest of the world for most of Tuesday and part of Wednesday after striking telephone engineers reportedly sabotaged the telephone system’s connections with external exchanges. It became almost impossible to make telephone calls to and receive calls from outside the country. E-mail and internet services were severely disrupted. Management […]
SHARES in international tobacco to luxury goods company Richemont surged in Johannesburg on Wednesday following news an international investment bank had increased its target price for the stock. Shortly By 10:30 Richemont shares were up nearly 6% to R98,00. Credit Suisse First Boston said on Wednesday that it has increased its targeted share price on […]
SOUTH AIRWAYS has shed 1064 jobs since last year in the company’s build-up to partial privatisation, says executive manager for communications, Victor Nosi. Nosi said at the weekend only 94 people were forcibly retrenched and the remaining 970 opted for voluntary retrenchment. The retrenchments and voluntary retrenchment packages were across the board and included senior […]