SIX employees of a South African meat distributor froze to death after being locked in the back of a refrigerated truck during a robbery in Vereeniging, south of Johannesburg, on Thursday. Police said robbers held up the men at the Houtkop Meat storage premises and locked them in the truck before driving off with a […]

ANGLOGOLD shareholders on Wednesday voted in favour of buying international mineral group Minorco’s gold interest for $550-million. The move was supported by 99,9% of the issued shares represented at the meeting. Should the deal go ahead, Minorco interests in the Americas will fall under AngloGold management from January 1 1999. AngloGold will pay $150-million in […]

SHAREHOLDER countries of African regional airline Air Afrique will meet in February to discuss privatisation, which raises implications for air rights in Africa, sources close to the organisers say. Leaders of the 11 Francophone African states are to discuss a replacement for managing director Sir Harry Tirvengadum, who quit unexpectedly on Saturday, but sources said […]

THE Confederation of Zimbabwe Industries (CZI), the umbrella body for major manufacturers in the country, said the private sector will hike food prices this week as the government has failed to provide a date to approve the increases. CZI official Eddie Cross said talks between government and the private sector ended in a stalemate last […]

EMANUELE CANONICA shot a 63 (-9) on Thursday during the first round of the Dimension Data Pro-Am on the Lost City Golf Course. Two-time Million Dollar Challenge winner Nick Price, who is also in Thursday’s field, is looking for his third Pro-Am title.

VETERAN newsman and former Cape Times and Sunday Express editor, JC Koos Viviers, died after a battle with cancer on Wednesday. Viviers (61) started his career as a journalist at the Rand Daily Mail in 1955. In 1981 he was appointed editor of the Eastern Province Herald in Port Elizabeth, and editor-in-chief of the Herald, […]

THE Independent Electoral Commission said on Wednesday that more than half of the country’s potential voters have registered. The IEC said after completing tallying the figures from last weekend’s registration drive that 13500074, or 50,07% of the country’s 26960217 potential voters had registered by the end of last weekend. Mpumalanga has registered the greatest proportion […]

SOUTH African golf star Ernie Els, ranked world number five in the latest rankings, heads the European Tour money list after the Heineken Classic in Australia. Els has earned 169045. over the past year. FIFA WARNING COUNTRIES bidding to host the 2006 World Cup have been warned by FIFA that they will be struck off […]

SOUTH African Breweries announced to retailers on Monday that it is to increase the price of its wholesale beer by up to 10%. The rise could see the consumer paying considerably more for a beer after accounting for VAT and varying mark-ups. According to SAB the price of cans — both 340ml and long-toms — […]

OLD Mutual Fund Managers — UK-based unit trust arm of Old Mutual International — was last week fined 20000 by an investment regulatory body for failing to correctly price the assets of four unit trusts under its management. Business Report reports that the British Investment Management Regulatory Organisation said the breaches occurred between July 1 […]