THE Black Empowerment Investment Consortium (BEIC) has increased its share of food and services group Fedics by purchasing another 20% from Tiger Oats, which is selling its 35% share in Fedics. Tiger got its stake in Fedics by default when it puchased ICS Holdings, and has a policy of not hanging on to minority positions […]
PRESIDENT Nelson Mandela announced on Monday he had been asked by Yugoslav President Slobodan Milosevic to intervene in the crisis in Yugoslavia, but that he had declined. “I am not keen to intervene in another issue,” Mandela told reporters in Pretoria. “It engages your full time and attention, and the problems in South Africa are […]
THE Wellington Hurricanes blew away the Sharks 34-18 in their Super 12 encounter in East London on Saturday. The Hurricanes led 24-15 at the break. The Sharks were convincingly outplayed by the visitors, obviously smarting from their 43-27 thrashing by the Cats last weekend. The South Africans, playing at the Basil Kenyon Stadium rather than […]
OWN CORRESPONDENT, Johannesburg | Tuesday 2.30pm. THE Truth and Reconciliation Commission’s Amnesty Committee on Tuesday refused amnesty to 79 African National Congress members who had applied collectively for amnesty for policy decision that led to gross human rights violations. The group is the second joint application by ANC members to be refused amnesty by the […]
PREVIOUSLY disadvantaged farmers are to receive special low-cost mortgage bond rates to help them start and maintain their farms, the Land Bank announced on Tuesday. Land Bank general manager of operations Totsie Memela said in a statement that the special interest rate will considerably reduce the interest charges emerging farmers would have to pay on […]
THE famed Dakar rally will bypass Europe in 2000, beginning in Senegal and ending in Egypt, the event’s organisers announced on Tuesday. For the first time in the race’s history it will be an all-African affair. The race is scheduled to begin on January 6 in Dakar and to end in Cairo on January 23. […]
THE Zambian government’s failure to beat the March 31 deadline to sell its loss-making Konkola, Nkana, Nchanga and Nampundwe copper mines could undermine its economy, which registered a negative 2% growth last year, economists say. The delay in selling the mines is attributed to Anglo American Corporation’s failure to secure $90-million and a major mining […]
THE 20th anniversary of the hanging of African National Congress cadre Solomon Mahlangu was marked with a commemoration at the Mamelodi West community hall outside Pretoria on Tuesday. Mahlangu was caught and sentenced to death for his role in the armed struggle after returning to South Africa from exile in Tanzania. He was hanged in […]
ISAAC Tshabalala won the Two Oceans Marathon in Cape Town on Saturday, just 13 seconds ahead of Desmond Zibi. Tshabalala finished the 56km course in 3 hours, 11 minutes, 20 seconds, while Angelina Sephooa, of Lesotho, was the first woman home in a time of 3:38.07. The leading finishers: 1.Isaac Tshabalala 3:11.20 2.Desmond Zibi 3:11.33 […]
A NIGERIAN group representing 61 communities hit by an oil spill last year, has given the Mobil Oil company an ultimatum to pay up US$22 million today. Nigeria’s Vanguard newspaper reports that the group has warned Mobil that it will “take appropriate steps to make operation difficult or impossible for all oil companies in the […]