REGIONAL wars in parts of the Common Market for East and Southern Africa, Comesa, are stifling trade which could reduce gains scored in recent years. A Comesa report says that fighting on the horn of Africa, Eritrea-Ethiopia and the Democratic Republic of Congo has caused a disruption in trade and fueled congestion in some ports. […]
BOTSWANA’s balance of trade in 1998 swung into positive territory at the end of the third quarter despite a budgeted deficit. Presenting the national budget in February this year, Finance Minister Ponatshego Kedikilwe warned that the 1998 trade balance would slip into deficit for the first time since the 1980s as a result of falling […]
ITALIAN Superbike newcomer Doriano Romboni suffered a suspected broken wrist on Friday after crashing in the first practice for Sunday’s season-opening race. Romboni raced in Motorcycling Grands Prix before switching to Superbikes this year on a non-works Ducati. Ironically, he also crashed in practice for the season-opening 500cc GP in Japan last year and broke […]
SOUTH African Airways signed a partnership deal on Thursday with Ghana Airways enabling the two airlines to forge a commercial alliance. Speaking at the signing ceremony in Johannesburg, SAA CEO Coleman Andrews said Ghana Airways will be instrumental to SAA’s Africa networking strategy. The deal is set to take effect from July and will offer […]
ISCOR said on Friday that a week-long strike at its Grootegeluk coal mine in Northern Province has been called off. The strike, which started last Wednesday, was in response to the dismissal of National Union of Mineworkers chairman at the mine, ML Ngoepe, for serious misconduct. Iscor spokesperson Phaldie Kalam said employees will return to […]
THE privatisation of Zambia’s mining assets has resulted in mounting optimism that the Lusaka Stock Exchange could register growth this year. The bourse’s market capitalisation for January 1999 improved to $318-million against $273-million recorded in February 1999. At its peak in 1999, LuSE registered a market capitalisation of $698-million, largely on expectations of privatisation of […]
THE Johannesburg Stock Exchange, Bond Exchange of South Africa and the South African Futures Exchange aim to complete their planned merger by the end of this year, JSE executive president Russell Loubser said on Thursday. Loubser said the marriage of the three exchanges, announced last August, could proceed once Parliament passes enabling legislation, likely to […]
NEVILLE VAN DER MERWE, the South African body builder and stuntman accused of kidnapping and murdering a British accountant in 1991, pleaded not guilty to the charges in the Maidstone Crown Court in Britain on Thursday. Van der Merwe (28) was allegedly sent to Britain with an accomplice, Glen Chait, to kill Simon Law, an […]
OWN CORRESPONDENT, Johannesburg | Sunday 4.00pm SUSPENDED foreign affairs official Robert McBride, who was detained in Maputo for six months on charges of espoinage and gunrunning said on Saturday that the Mozambican Supreme Court has dropped all charges against him. McBride said his lawyers have informed him from Mozambique that an appeal against taking the […]
AT LEAST 50 United States businessmen said on the weekend that they will not attend an international exhibition in the Ugandan capital Kampala next month, citing the March 1 rebel attack on tourists in southwest Uganda that left two Americans dead. The expo will coincide with a general assembly of the Group of 77 developing […]