TUESDAY, 12.45PM: RAPIDLY growing Internet service provider M-Web made its debut on the Johannesburg Stock Exchange on Monday, with shares rising from R22 to R26 over the day’s trade. M-Web shares are listed jointly with its holding company MIH Holdings, with a plan for M-Web shares to be spun off at a later stage. Shareholders […]
MONDAY, 5.30PM: SOUTH African cricket captain Hansie Cronje blitzed his way to the second-fastest 50 in Test cricket history, facing only 31 deliveries, to steer South Africa to a sensational six-wicket victory over Sri Lanka in the second cricket Test at Centurion Park on Monday. Cronje needed only 14 scoring shots to reach his half […]
TUESDAY, 11.30AM: SOUTH African rising surfing star Greg Emslie moved to the top of the ASP World Qualifying Series (WQS) rankings after an impressive fifth-place finish in the Mark Richards Newcastle City PRO in Australia at the weekend. Emslie narrowly missed the final when he placed third in the semifinal behind Brazil’s Peterson Rosa and […]
TUESDAY 5.30PM: THE government will save R91-million a year when four divisions of the Department of Transport are commercialised this year, Transport Minister Mac Maharaj said on Tuesday. In a commercialisation drive that is due to start this week, three chief directorates will be repositioned as independent agencies under newly formed bodies: the South African […]
MONDAY, 12.00NOON: UNITED States President Bill Clinton has called for more private investment in Africa and will ask the US Congress to raise development assistance to historically high levels, he said before leaving Johannesburg for Botswana on Sunday. He also promised to ask for $1,6-billion in debt relief for Africa from the US Congress and […]
MONDAY, 5.00PM: MPUMALANGA Premier Matthews Phosa on Sunday said that many of Mozambique’s ecomomic troubles are the direct result of the former South African government’s destabilisation policies, and that South Africa has a moral obligation to compensate Mozambique for the gap between the two countries’ economies. African Eye News Service reports that Phosa stressed, however, […]
MONDAY, 12.30PM: THE Springbok sevens rugby squad reached the final four of the Hong Kong Sevens tournament, but lost heavily to Western Samoa on trying to reach the finals. The Boks were trampled 45-7 in a one-sided game, which the strong and mobile Islanders dominated from the start. The South Africans reached the semi-finals after […]
IN BRIEF 21 DIE IN SOMALI FIGHTING AT least least 21 people were killed and 29 injured when heavy fighting broke out between clans in the southern Somali port town of Kismayo on Monday. The fighting is reported to have died down, but the town, 500km south of the capital Mogadishu, remains tense. The renewed […]
MONDAY, 12.00PM: A DEVELOPMENT fund for Southern Africa has been mooted by officials of the Southern African Development Community. The proposal was made during a recent meeting of SADC’s finance and investment sector, which is led by South Africa’s Finance Department. There is a strong possibility that the World Bank will contribute to the proposed […]
MONDAY, 12.30PM: FIVE consortiums have submitted binding bids for 100% of Aventura Resorts, the state-owned resorts company. The bidders are Kopano ke Matla (the investment trust of the Congress of South African Trade Unions), Phalafala Leisure Consortium, Sanco Consortium, Boiketlong Consortium and Shomang Investment Holdings. The winner is expected to be announced soon after April […]