THE future of provisionally liquidated Namibian copper mining company Tsumeb Corporation Limited has to be resolved this week, says liquidator Des Mathews. Mathews said on Sunday he is expecting to finalise what will happen to TCL this week. The company has been in provisional liquidation since April 29 and its closure threw some 2000 employees […]

STANDARD Bank on Monday announced a 1% cut in its prime overdraft and mortgage interest rates. The prime rate falls on Friday Februray 12, to be followed by the home loan rate on Monday March 1. “The decrease follows a substantial reduction in the repo rate as well as a general improvement in money market […]

TRAFFIC on the main road from Mozambique’s capital Maputo to neighbouring Swaziland could be cut by floods soon, Mozambican officials warned on Monday. Water management officials said a bridge over the Umbeluzi river, which burst its banks at the weekend, is already under several centimetres of water. The situation is likely to worsen as the […]

A LEADING logistics practitioner will visit South Africa in April to keynote the local roundtable of the Council of Logistics Management (CLM). John Gattorna, author of The Gower Handbook of Logistics and Distribution Management, will keynote South Africa’s first Logistics Safari Series of conferences in Johannesburg, Cape Town and Mpumalanga. The roundtable is intended to […]

INTERNET Cricket information service CricInfo has awarded South Africa its One Day International (ODI) World Title for 1998. Rather than rely on a ratings system for ODIs, CricInfo simply awards the title to the team which beats the previous holder. It has tracked this title backward to the first ODI, England vs. Australia in 1971. […]

THE Sage Group is expecting a high rating at the end of the month from US insurance rating agency AM Best. Sage is the only South African financial services firm to hold a life insurance subsidiary in the US, Sage Life of America. The rating will be a cue to open the American firm for […]

SPAIN took the Meridian Cup junior soccer tournament in Cape Town on Sunday, defeating Ghana 2-1 in the final. The battle for third place between Portugal and Egypt ended in a scoreless draw, and was decided on penalties. Portugal’s nerves outlasted the Egyptians, and putting the young Portuguese in third place.

OWN CORRESPONDENT, Johannesburg | Monday 12.30pm. DONALD GORDON, founder and chairman of Liberty Life, announced his retirement this weekend, clearing the way for a proposed merger between the firm and Standard Bank Investment Corporation (Stanbic). Business Day reports that the retirement will herald shifts in Gordon’s control of the Liberty Group, and may allow a […]

OWN CORRESPONDENT, Johannesburg | Monday 10.45am. AVENGING their earlier loss at the hands of Kaizer Chiefs, Bush Bucks stole the show in Umtata 1-0 on Sunday. The match provided a few close calls. Bucks’ William Mugeyi gave Brain Baloyi some work to do with a crisp free kick in the 12th minute. Then Chiefs’ Pollen […]

OIL group Engen has acquired British Petroleum and Fina subsidiaries in Rwanda, taking control of 25% of Rwanda’s petrol distribution, an Engen official said on Monday. “The entire Rwandan market represents the equivalent of one European highway petrol station. But Rwanda is interesting because of its geographic position, it is a bridge to other countries,” […]