THE property management arm of steel giant, Iscor, has raised a lower-than-expected R360-million from the sale of its properties since June 1996. Yskor Landgoed has liquidated its property holdings in Pretoria, Vanderbijlpark and Newcastle in a bid to raise an estimated R350-million for its general investment programme. Iscor expected to raise an estimated R500-million — […]

AMNESTY hearings in Nelspruit were delayed by more than five hours on Monday when key witnesses got lost on their way to Nelspruit. The hearings had still not begun by 2pm but Truth and Reconciliation Commission officials were confident that the lost witnesses would arrive in Nelspruit in time to testify. The witnesses are supposed […]

THE critically injured commander of Mozambique’s navy, Rear Admiral Pascoal Jose Nhalungo, was flown to a Johannesburg clinic for emergency treatment over the weekend after he was ambushed and shot in Maputo two weeks ago. Nhalungo was being treated at Maputo’s central hospital but was transferred to an unnamed Johannesburg clinic for specialist treatment on […]

DAVID TERBRUGGE, Gauteng and South Africa’s right-arm seamer, is racing against time to be fit for South Africa’s cricket tour of New Zealand. He will see a doctor on Monday for a further assessment of his injured left ankle. With only nine days to go before the national squad go on tour, Terbrugge might have […]

OWN CORRESPONDENT, Johannesburg | Monday 1.20pm. THE Inkatha Freedom Party sacked KwaZulu-Natal premier Dr Ben Ngubane and education MEC Vincent Zulu at the weekend because of poor matric results in the province. Arts, Culture, Science and Technology Minister Lionel Mtshali is expected to replace Ngubane as premier, and Public Works Deputy Minister Eileen Shandu is […]

A BRITISH court denied Julian Askin permission on Friday to sue Absa bank group for fraud. Askin, a former shareholder in Tollgate has been trying to sue the bank group over irregularities in the liquidation of Tollgate during the Absa mergers. Allegations of fraud include overvaluing Tollgate when it was sold to Askin, and hiding […]

THE World Bank advised the Tanzanian government at the weekend to completely deregulate its petroleum industry so as to curb oil smuggling. The Bank’s resident representative in Tanzania, Ron Brigish, said that deregulation should be supported by the government through providing a level playing field in which the private sector can compete. Brigish said that […]

THE 20th session of the Governing Council of the United Nations Environment Programme (UNEP) opens in Nairobi Monday in the presence of environment ministers and government representatives from all over the world. The week-long council meeting provides the international community an opportunity to address major emerging environmental policies. Attention will be focused on the result […]

FIFA has announced the soccer rankings for African nations, placing South Africa second, and Nigeria a surprising 10th. Morocco snatched first place from Bafana Bafana, while current holders of the African Cup of Nations, Egypt, are fourth. The full list of rankings is: 1 Morocco, 2 South Africa, 3 Tunisia, 4 Egypt, 5 Zambia, 6 […]

THE chairman of a private Zambian airline David Torkoph who was arrested by the Drug Enforcement Commission (DEC) on Tuesday, has reportedly fled the country for Harare. The Zambian newspaper The Post reported on Friday that DEC spokesperson Mukutulu Sinyani, who confirmed that Torkoph was detained, said he was not aware that Torkoph had left […]