THE Central Bank of Nigeria launched daily foreign exchange trading on Monday in an effort to meet rising demand, CBN spokesman Tony Ede said. Operations commenced at 9am on Monday, involving 20 leading Nigerian banks and the CBN. The daily Inter-Bank Foreign Exchange Market will operate for a two-month trial in a move expected to […]
THE Competition Board will be disbanded in mid-year and its functions assumed by the Competition Commission and Competition Tribunal, the board announced on Thursday. It said in a statement that, due to the Maintenance and Promotion of Competition Act 1979 being replaced by the Competition Act 1998, it has been decided that certain notices of […]
AN SA Airways Boeing 737 carrying 103 passengers was forced to make an emergency landing at Port Elizabeth airport on Monday morning because of a technical problem with the control panel in the cockpit. The 103 passengers, on a flight from Cape Town to Durban, were flown to Durban on another aircraft.
INTEGRATED metals and minerals group Iscor hit a year peak on the Johannesburg stock market on Thursday as foreigners continued to snap up the stock in anticipation of an upturn in the commodity cycle. By Thursday afternoon Iscor stock was up 15 cents at 180 cents on robust volumes of 5,1-million shares. Stockbroking firm Deutsche […]
A MPUMALANGA court on Monday issued a warrant for the arrest of Safety and Security MEC Jacques Modipane after he failed to pay child support maintenance, SABC radio reported. The order to arrest Modipane was issued at Siyabuswa, in the former KwaNdebele and follows his failure to pay maintenance for a child he fathered in […]
ANGOLAN student Silva Cassamano Quiberto has been formally arrested and charged with murder in connection with the bombings that rocked Lusaka in early March. Quiberto, who was charged on Friday, has been in police custody since March 31 1999. He was earlier charged with unlawful possession of a firearm, a case which was disposed of […]
LIBYAN Arab Airlines on Saturday invited passengers to begin booking seats as it resumes normal international service this week following the suspension of a seven-year embargo on Tripoli. LAA “invites passengers to contact our offices about international flights that will resume on April 22,” the state-owned carrier said in a statement. Jordanian officials said on […]
TRANSPORT Minister Mac Maharaj is expected to meet the South African Bus Employers Association and four unions representing transport workers in an attempt to end the six-day-old bus strike that has left scores of commuters without transport. Talks between the unions and Sabea under the auspices of the Commission for Conciliation, Mediation and Arbitration, broke […]
MORE than 10000 Zimbabwean postal and telecommunications workers called off their strike on Thursday after the government doubled its offer of a wage hike from 15% to 30%. The workers closed down post offices throughout the country on Tuesday demanding a 45% pay rise. The postal service “decided in the national interest to award a […]
THE director general of the UN World Health Organisation (WHO), Gro Harlem Brundtland, arrived in Maputo on Monday for a two-day working visit to Mozambique. Official sources said Brundtland had come to the southern African nation to evaluate the implementation of various health programmes backed by her organisation. During her stay, she will visit a […]