AN appeal court judgment allowing Automakers, builders on Nissan cars in South Africa, tax exemption on export incentives does not apply to other car makers, the South African Revenue Service said on Monday. The Nissan case involved interpretation of a section of the Income Tax Act, and the court ruled that some R116-million in incentives […]

DAVID SHAPSHAK, Johannesburg | Tuesday 8.00pm. NEW ZEALAND rugby teams the Otago Highlanders and the Wellington Hurricanes are the danger sides in the Super 12, said the captain of the most successful South African side in the competition, Sharks skipper Gary Teichmann. Speaking at the launch of the regional tournament in Johannesburg Monday, Teichmann said […]

THREE African leaders who lived in London between the 1920s and 1940s are to be honoured by English Heritage, a government historical agency. Plaques will be placed outside the houses in which the late presidents Jomo Kenyatta of Kenya and Kwame Nkrumah of Ghana, and Emperor Haile Selassie of Ethiopia resided in the British capital. […]

PAN African Congress leader Stanley Mogoba called on Monday for criminals to be punished by amputation. In a three-page letter to the media, Mogoba said the country must fight criminals “with all that it takes”. He wrote: “We must knock them on the head, cut off their ears, legs or whatever is the offending part […]

NORTHERN Province police, who believe they have cracked a major cocaine smuggling ring, expect to make additional arrests in Johannesburg soon. Police spokesperson Ronel Otto said on Sunday investigators will follow leads in Johannesburg this week. The investigation follows the arrest of a Nigerian, Augustine Zukora (41), who is believed to be the biggest crack […]

HAMILTON Airship Company, which plans to build the world’s largest airship, is desperately seeking bridging finance. The firm needs funds following the return of R93-million raised in a pre-listing public and private offer of shares. Many small investors who bought shares in the company remain shareholders and have displayed considerable patience with the firm. The […]

SOUTH African Telemedical Resources (TMR) today opened SA’s first telemedicine site with a dual site launch shared by the Western and Eastern Cape regions. Tygerburg hospital is now linked to Groote Schuur Hospital to provide radiology and pathology expertise, with links to Frere Provincial Hospital in East London for pathology and haematology cases. The pilot […]

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 […]