AIR Namibia has decided to retrench 150 employees with effect from April under a restructuring plan prompted by financial difficulties. Managing director Jaafar Ahmad said on Monday that, besides reducing staff, the company’s operations will also be streamlined and this could involve the closure of operations and departments. The process will start on April 26, […]
REPRESENTATIVES of the parties involved in the African National Congress’s advertising campaign will hold an emergency meeting this week with Metrorail CEO Zandile Jakavula after Metrorail declined an initial request to print the image of Deputy President Thabo Mbeki on the back of 3,5-million train tickets. The announcement of the major advertising coup for the […]
FOREIGN investors collectively own 60% of former steel parastatal Iscor, chairman Hans Smith announced on Monday. Active trading in the firms shares drove the price up from 100c per share to around 150c. Take-over speculation has been rampant but Smith indicated no formal approaches. The change in ownership has been rapid since, at privatisation in […]
DURBANITE Heather Clark finished third in the Woman’s World Qualifying Series Quit Women’s Classic at Margaret River in Western Australia at the weekend, boosting her to number three on the ASP Women’s WQS ratings. In a spectacular opening performance in the R75000 tournament, Clark defeated Australian Neridah Falconer, ranked ninth on the 1998 women’s World […]
IRISH media magnate Tony O’Reilly’s Irish-based Independent Newspapers has made an irrevocable offer to buy out minorities in South Africa’s Independent Group, SABC radio news reports. The Irish company is offering shareholders R26,50 a share and a dividend of 80 cents. Independent Group chief executive Ivan Fallon said the buy-out will enhance Independent Newspapers’ investment […]
WINNIE MADIKIZELA-MANDELA is suing her her ex-husband President Nelson Mandela in a dispute over ownership of a house they shared in Soweto in the 1960s, the president’s lawyer Ismail Ayob confirmed on Monday. Business Day cited on Monday court papers in which Madikizela-Mandela claims she is the rightful owner of the house in Vilakazi Street, […]
TECHNIKON SA has signed up to rent space in the deserted Carlton Centre in downtown Johannesburg. The school will take over an entire floor, improving the outlook for the centre with its learner support operation. The centre is a leading indicator for the Johannesburg Central Business District, and the five-year lease negotiated with Amlease will […]
OWN CORRESPONDENT, Hong Kong | Monday 11.30am. SOUTH Africa is learning the art of seven-a-side rugby in a correspondence course with traditional rivals New Zealand as it rebuilds towards the next World Cup. The reigning 15-a-side world champions want to dominate the shortened version of the game as well, Sevens coach Deon Oosthuysen said as […]
AUSTRALIA’S triple world champion women Hockeroos wrapped up the series 3-2 when they shut South Africa out with a more organised game plan to win the fifth international of the series Sunday. SA bet the Hockeroos 2-1 to level the series at 2-2 on Friday. Two goals up in the first 10 minutes, Australia were […]
SUPER attourney-general, National Director of Public Prosecutions Bulelani Ngcuka, is investigating the possibility of appealing against the sentence of Benoni farmer Nicholas Steyn, who fatally shot six-month-old Angelina Zwane last year. Justice Minister Dullah Omar said on Monday that he has met Ngcuka, who is looking into the way the case was investigated, the evidence […]