ORGANISATION of African Unity secretary general Salim Ahmed Salim on Monday called on Ethiopia and Eritrea “to immediately put an end to the current fighting” and accept an OAU peace plan. Salim stressed his “deep concern” over new clashes in the conflict between the two Horn of Africa countries, which first broke out on May […]

JUDGE Jack Chulu, a judge of the Mmabatho High Court in North-West province, was killed in a car accident near Lichtenburg on Saturday, the provincial premier’s office announced on Monday. Premier Popo Molefe’s spokesperson David Van Wyk said: “Judge Chulu was a man of substance who played a central role in the reconstruction of the […]

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 […]

THE 10-year-old land dispute between the Bafokeng people of North-West Province and Impala Platinum Limited has been resolved, SABC television news reports. The report said the Bafokeng supreme council accepted an offer by Implats which gives the tribe one million shares in the mining company and 22% of its taxable income. The Bafokeng will also […]

SEVERAL major diamond producers — Rembrandt’s Trans Hex, Ocean Diamond Mining Holdings and Benguela Concessions — are about to merge, with the first two likely to buy out Benco. A joint cautionary statement was issued on Thursday. Analysts believe the move is inevitable, given Benco’s current listlessness. ODM would stand to gain not only Benco’s […]

FOREIGN exchange operations are to start operating on a daily basis in Nigeria from next month to cope with rising demand, the country’s central bank (CBN) said on Friday. CBN spokesperson Tony Ede said that demand at the Automated Foreign Exchange Market in Abuja, the official market for foreign exchange in Nigeria, continued to rise […]

STANDARD Bank Investment Corporation’s offshore investment division will cost the company dearly when it publishes earnings for the year to December 31 on Tuesday, according to analysts. The company is believed to have lost 41,7-million. The London branch alone is believed to have lost 34-million.

THE Johannesburg Stock Exchange wants the laws regulating financial markets changed to allow it to merge with the country’s bonds and futures exchanges, its representatives told Parliament on Thursday. Addressing the finance committee, JSE legal counsel Nicky Newton-King said the merger will make for increased efficiency and lowered costs, making the new exchange internationally competitive.

DONALD Gordon, the founder and chairman of South Africa’s Liberty Life (LibLife), unexpectedly announced his retirement on Friday — news that created speculation of a merger with Standard Bank. In a short statement, the insurer said the future of bourse-listed Liberty Investors Ltd, through which the Gordon family exercises control of its dominant shareholding in […]

FOLLOWING a substantial drop in sales, from an average 1600 a month to around 1000 in January, Hyundai Motor Distributors is planning to retrench up to 10% of its sales staff as part of ongoing restructuring. But workers at Hyundai’s Botswana assembly plant in Gaborone are not expected to be affected. Hyundai is not alone […]