Staff Reporter
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/ 27 August 1998

Juniors off to a flying start

OWN CORRESPONDENT, Johannesburg | Wednesday 3.30pm. THE South African under-14 tennis teams competing in the NTT World Junior Tennis Final in Nagoya, Japan got off to a good start on Wednesday, with each team managing to beat one of the seeded teams. The boys’ team of Izak van der Merwe, Craig Smith and Shaun Ellison […]

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/ 27 August 1998

Body bags stir anger in Zimbabwe

OWN CORRESPONDENT, Harare | Thursday 11.00PM. ZIMBABWEAN soldiers have started to return home from the Democratic Republic of Congo — in body bags. The state-controlled media on Thursday reported that two Zimbabwean soldiers had been killed, three were missing and 15 injured following a rebel attack on Kinshasa, the DRC capital city, this week. However […]

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/ 27 August 1998

V&A bombing: three detained after tip-off

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 […]

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/ 27 August 1998

Markets drained in Russian bloodbath

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 […]

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/ 27 August 1998

Daly’s Insurance takes Lipton lead

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 […]

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/ 27 August 1998

Battle for Kinshasa continues

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 […]

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/ 26 August 1998

Economic recovery could be a while — Stals

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 […]

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/ 26 August 1998

JSE pulls back from the abyss

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 […]

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/ 26 August 1998

CPI up as mortgage rates rise

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 […]

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/ 26 August 1998

Bomb blast crashes JSE

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 […]