MICHAEL METELITS, Johannesburg | Thursday 7.00pm. The JSE was hammered again by the Russian market and the effect it’s having on investor sentiment about emerging markets. The all share dropped 314 points to close at 5218, while industrials plummeted 387 points to finish at 6106. Financials, tied closely to the debt and currency markets, haemorrhaged […]
OWN CORRESPONDENT, Johannesburg | Thursday 9.00pm. DALY’S Insurance sailed superbly on the fifth day of the Lipton Challenge Cup in Algoa Bay on Thursday, scoring their first victory and the overall lead going into the final day on Friday. In their eagerness to get off to a good start on Thursday the entire fleet was […]
OWN CORRESPONDENT, Kigali | Thursday 9.00PM. FIGHTING continued in the Democratic Republic of Congo capital, Kinshasa, on Thursday after rebel forces determined to topple President Laurent Kabila infiltrated the city. The allied forces backing Kabila appear to have maintained a hold on the city one day after fierce artillery battles broke out in the eastern […]
OWN CORRESPONDENT, Cape Town | Thursday 8.30pm. THREE people have been detained for questioning in connection with Tuesday night’s bombing at Planet Hollywood in Cape Town in which one person died and 27 were injured. Detective-Superintendent John Sterrenberg told the eM&G that police, responding to an anonymous tip-off, detained a man and two women as […]
OWN CORRESPONDENT, Johannesburg | Thursday 10.00pm. A LOBBY of labour, sport and business groups on Thursday threatened to apply for an urgent court order forcing Health Minister Nkosazana Zuma to withdraw the Tobacco Products Control Amendments Bill because they say it is unconstitutional. The Bill is due to be tabled in Parliament on Monday. The […]
OWN CORRESPONDENT, Johannesburg | Wednesday 8.30pm. SECURITY officials assigned to the Non-Aligned Movement summit to be held in Durban at the weekend on Thursday warned people to be wary of bogus convention co-ordinators who are issuing false invitations and accreditation cards. Police said on Thursday that people masquerading as co-ordinators are issuing fraudulent documents for […]
SARAH BULLEN in Johannesburg | Thursday 2.30pm. BLACK CLOUDS are gathering over the Johannesburg Stock Exchange on Thursday as Wednesday’s 6,2% fall has accelerated, with 8,55% wiped off the market by 2.00pm. With the contagion of what is being termed the ‘Russian flu’ hitting global emerging markets, the price of local stock is falling with […]
SARAH BULLEN in Johannesburg | Wednesday 4.00pm. THE Johannesburg Stock Exchange had lost 8% of its value by 3.50pm on Wednesday, with shares gaining downward momentum by the minute as the fall assumes crash dimensions. All indices have taken some of their worst falls on record, with the financial index plunging 8,81% (868 points) and […]
SARAH BULLEN in Johannesburg | Tuesday 6.00pm. SOUTH Africa is experiencing a slowdown in economic activity, with economic growth weak and the current indicator of employment in the formal sectors of the economy having declined to its lowest level in nearly twenty years, was the word from Reserve Bank governor Chris Stals on Tuesday. Announcing […]
SARAH BULLEN in Johannesburg | Wednesday 5.30pm. THE Johannesburg Stock Exchange lost 8% of its value this morning in a massive crash — but recovered somewhat in the late afternoon to close with losses of 6,21% — still one of the year’s largest falls. At midday all indices had taken some of their worst falls […]