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 […]

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 […]

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 […]

INDUSTRIAL gold production will begin in Niger from 2001, according to Burkina Faso’s minister of mines, who estimates that 90 tons of the precious metal lie in three sites in the Komabandou zone, near the borders with Mali. International companies have been prospecting over the last four years, Mai Manga Boukar said on Thursday. Oil […]

SAM Molokomme won the Cartoria Half Marathon in Pretoria quite comfortably on Saturday morning, running pretty close to Matthews Temane’s record of 63:38 and only missing the R1000 incentive by 31 seconds. The second place was grabbed in the closing stages by Simon “Baby Face” Mphulanyane, who is on the comeback trail and might just […]

EGYPTIAN firefighters doused a blaze overnight at an oil pipeline in the desert south of Cairo. Police said it took the team more than 10 hours to extinguish the fire, caused by an explosion on Thursday afternoon at the Mostorod pipeline in the Zahraa al-Maadi area. Energy Minister Hamdi al-Banbi told the government newspaper Al-Ahram […]

NINE African countries will send advisers to the Comoros within 10 days to prepare for a peace conference in the strife-torn Indian Ocean archipelago. OAU chief Salim Ahmed Salim said in Pretoria on Thursday that the first task of the team, led by South Africa, will be to evaluate security on the breakaway island of […]