money Michael Metelits One of the more puzzling, and confusing, ideas in finance is the notion of a money market. But money markets are actually relatively simple, and form a key part of a diversified investment portfolio. When you borrow money, you are ”buying” money now in exchange for money in the future. The ”price” […]
OWN CORRESPONDENT, Johannesburg | Thursday 10.15am. EASTERN Province rugby administrator Silas Nkanunu will be named the new president of the South African Rugby Football Union at Sarfu’s annual election on September 1. Nkanunu was the only nominee for the post, which has been vacant since Louis Luyt was ousted as SA rugby chief. The elections […]
OWN CORRESPONDENT, Johannesburg | Wednesday 10.00PM. NIGERIA’S rising sprint star Seun Ogunkoya won the African Championships 100 metres title in Dakar on Wednesday by eclipsing world and Olympic silver medallist Frankie Fredericks. Ogunkoya won in a personal best of 9.94 seconds, with pre-race favourite Fredericks timing 9.97 ahead of Ghana’s Leo Mills Myles in 10.10. […]
OWN CORRESPONDENT, Cape Town | Thursday 8.30PM A STORMY debate in Parliament over the Employment Equity Bill ended when the Freedom Front walked out of the House on Thursday. The African National Congress, Inkatha Freedom Party and Pan Africanist Congress all supported the bill, which seeks to promote the position of previously disadvantaged people in […]
OWN CORRESPONDENT in Cape Town | Wednesday 10.30pm. Only 60% of South Africa’s computer systems will be year 2000 compliant at the turn of the century if the current pace of solving the year 2000 problem (Y2K) does not pick up, Deputy President Thabo Mbeki said on Wednesday. Speaking at the Castle in Cape Town […]
OWN CORRESPONDENT, Johannesburg | Thursday 11.00PM THE United States has attacked two chemical factories on the outskirts of Khartoum in Sudan, and six “terrorist-related facilities” in Afghanistan. In a live broadcast from Martha’s Vinyard before returning to the White House, US President Bill Clinton said the attacks were not only in retaliation for the August […]
OWN CORRESPONDENT, Johannesburg | Thursday 11.00AM. PREMIER Soccer League stalwarts Kaizer Chiefs and Orlando Pirates have between them placed seven players on their transfer lists. Pirates stunned SA soccer on Wednesday with the announcement that defender and vice-captain Gavin “Stability” Lane does not feature in the future plans of coach Viktor Bondarenko. Lane was dropped […]
OWN CORRESPONDENT, Johannesburg | Wednesday 11.00PM REBELS in the Democratic Republic of Congo have said they are willing to consider a cease-fire with embattled President Laurent Kabila. However they have also accused him of planning a massacre of 20000 Tutsis in the Moba region in southern Katanga province, which is Kabila’s traditional stronghold. Kabila and […]
SARAH BULLEN in Johannesburg | Wednesday 5.45pm LOCAL stocks surged into Wednesday morning with far stronger undertones pushing the market up in early trade. Most of the gains were eroded in the afternoon session, however, as persistent fears over the Russian economy dragged the market off its highs. Dealers said most of the morning’s bullish […]
OWN CORRESPONDENT, Johannesburg | Thursday 10.00PM ZIMBABWEAN troops have flown into Kinshasa, Democratic Republic of Congo state television reported on Thursday. The station, which showed pictures of rifle-bearing troops descending from an aircraft at Kinshasa’s N’djili airport, did not say how many troops had arrived or whether troops from other Southern African Development Community countries […]