FOLLOWING a year of considerable expansion, financial services group Fedsure on Monday announced a net increase in earnings of 77%, to R331,9-million for the year ending December. This amounts to earnings per share of R2,24, while dividends are up 48,5 cents to R1,55 a share. The group acquired Norwich Life during 1998, and group chief […]
THE Fourth African Oil Trade and Finance conference is to be held in Namibia from April 27-30, according to a Namibian mines and energy ministry announcement made on Friday. The conference will cover recent developments in marketing, financing and risk management. Participants will include an expert panel of speakers from African, American and European oil […]
THE unseeded pairing of Jeff Coetzee and Damien Roberts captured the doubles title at a $50000 challenge in Singapore at the weekend. The MTN Super Squad pairing beat another unseeded tandem, Oleg Ogorodov of Uzbekistan and Israel’s Eyal Ran, 7-5 6-3 in Sunday’s final. It was the Israeli’s serve that came under fire in the […]
THE 63-year-old Hungarian herbalist accused of drugging girls as young as 10 and then having sex orgies with them was remanded in custody in the Belfast magistrate’s court in Mpumalanga on Monday. Members of the Congress of South African Students filled the courtroom where Charles Josef Baksai of Machadodorp appeared on two rape charges and […]
MALAYSIAN billionaire Dato Samsudin, who owns 75% of the beleaguered New Republic Bank, says the if the bank is liquidated it will not hurt him as his assets are diverse and spread throughout the world. In an interview with Business Times on Sunday, Samsudin blamed “inaccurate reports” in the press for causing a run on […]
DAVID LE PAGE, Johannesburg | Monday 5.30pm. The Johannesburg Stock Exchange was one of the few markets to buck Monday’s trend to decline. Led by industrials’ 105-point push to 7241, all the major indices pushed their way upwards on Monday. Gold climbed 13 points to 964 and financials 89 points to 9495. The overall index […]
DISCARDED former Springbok flyhalf and centre Hennie le Roux may get a call-up to the Cats following Saturday’s disastrous 39-10 defeat to the New South Wales Waratahs. Le Roux, who has been in good form for the Lions in the Vodacom Cup, is likely to replace Boeta Wessels at flyhalf in the Cats side for […]
THE South African short-term insurance industry notched up some significant underwriting losses last year, compared to the previous year, the South African Insurance Association said on Monday. Chief executive Barry Scott said that 12 out of 23 insurance companies reported underwriting losses for the year to December, compared to only seven in 1997. He said […]
THE bidding contest for copper mining firm Namibian Tsumeb Corporation Limited is continuing, with a Namibian company insisting that it remains in the running for the lucrative copper mines. Namibian bidders — Namibia Mining and Processing (Pty) Limited, formerly Namibia Base Metals — offer to buy TCL for N$360-million remains on the table and is […]
AGRICULTURE authorities in Malawi, which normally faces a maize deficit, said on Monday they expect a record yield of the crop this year. Ellard Malindi, principal secretary in the ministry of agriculture, said estimates show that 2,35 tons of the staple maize will be harvested. “This will be the highest ever maize yield to be […]