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 […]
OWN CORRESPONDENT, Kinshasa | Tuesday 2.30PM DEMOCRATIC Republic of Congo President Laurent Kabila returned to Kinshasa on Tuesday from an undisclosed location, a presidential aide said. Kabila’s return to Kinshasa after a 10-day absence coincides with an offensive by government troops backed by Angolan soldiers against rebels in the country’s south-west. After Kabila failed at […]
SARAH BULLEN, Johannesburg | Monday 7.45pm. GROSS domestic product rose an annualised 0,3% in the second quarter this year, slowing down from a 0,5% growth in the first quarter, the latest figures released by the Central Statistical Service on Monday indicated. ING Barings chief economist Kristina Quattek said the weak GDP growth figure give an […]
OWN CORRESPONDENT, Umtata | Tuesday 9.30pm. A TRUTH and Reconciliation Commission judge in Umtata, Transkei on Tuesday issued a subpoena against former Transkei president Kaizer Matanzima for failing to appear before the TRC’s amnesty committee hearing into the murder of former University of Transkei student Batandwa Ndondo. Ndondo was shot and killed by police in […]
SARAH BULLEN in Johannesburg | Tuesday 6.15pm. THE Johannesburg Stock Exchange remained soft on Tuesday although managing to slow down the aggressive slide of the past two days. Firmer Asian and European markets should have lent a stronger undertone to the battered market with a strong opening for S&P futures adding weight to the more […]
OWN CORRESPONDENT, Cape Town | Monday 6.45pm. A HANDFUL of supporters gathered outside the Cape Town High Court on Monday waving placards in support of former anti-apartheid activist and cleric Allan Boesak who entered his first day on trial for 32 counts of fraud and theft. Forensic accountant Dawn King gave comprehensive details of the […]
OWN CORRESPONDENT, Cape Town | Tuesday 10.00AM SUPERINTENDENT Andre Edward Lincoln, former chief of the Western Cape’s witness protection programme, appeared in the Cape Town Regional Court on Monday to face 46 charges of fraud, theft and defeating the ends of justice, only to have a drunken driving charge added to the list. Lincoln appeared […]
SARAH BULLEN, Johannesburg | Tuesday 5.00pm. THE inflation rate — the annual rate of change in the Consumer Price Index — was 6,6% at July 1998, the latest figures from the Central Statistical Services released on Tuesday indicate. This rate is 1,4 percentage points higher than the annual rate of 5,2% calculated in June, largely […]
SWAPNA PRABHAKARAN, Durban | Monday 7.00PM THE brother-in-law of Health Minister Nkosasana Zuma was arrested in KwaZulu-Natal on the weekend on suspicion of large-scale misappropriation of health department funds. Sipho Ngxongo, the director of health in Empangeni on KZN’s north coast, was arrested on Saturday in connection with R3,5-million which is missing from his department’s […]
LEONARD NDZHUKULA, Secunda | Tuesday 11.30AM TWO Coin Security guards were rushed to hospital on Tuesday morning after they where wounded while fighting off 12 heavily armed robbers in the third unsuccessful attempted cash-in-transit heist in Mpumalanga over the past two months. The attackers, armed with AK47s and R5 assault rifles, were unable to breach […]