THURSDAY, 1.15PM: GROWTH of gross domestic fixed investment (GDFI), a major contributor to economic growth, fell from 8% in 1996 to a mere 3,5% last year as public sector investment dropped, the Reserve Bank announced on Wednesday. The Reserve Bank’s latest quarterly bulletin showed how GDFI gradually slowed down from a 3% growth rate during […]
THURSDAY, 7.15PM: THE Johannesburg Stock Exchange continued to ride the wave of positive economic data and solid futures buying, with both industrials and financials making good gains on Thursday. Dealers noted a surprisingly benign reaction to Finance Minister Trevor Manuel’s Budget, announced on Wednesday, hinting that it was well received. Although the all gold index […]
IN BRIEF NEW RAIL SERVICE A NEW passenger train will start running twice-weekly services between Durban and the Mozambique capital Maputo from April, Spoornet announced on Thursday. The service will go via Mpaka in Swaziland, crossing two borders in a day. Bheka Manana, executive manager of Spoornet’s main line passenger services, said the shuttle will […]
THURSDAY, 12.30PM: THE South African women’s hockey team turned the tables on their German counterparts by winning the second Test 3-1 at Hartleyvale on Wednesday night. Leading 1-0 at the turn through a penalty goal by Britta Becker, the Germans, who seemed the dominant team, started to relax their defences. The South Africans replied by […]
WEDNESDAY, 12.45PM: ANDRIES SEBOLA showed his stuff once again by scoring two goals in Orlando Pirates’ 2-0 win over Moroka Swallows in a fast-paced match at the FNB stadium on Tuesday night. Sebola, who was included in the starting line-up because of Jerry Sikhosana’s suspension, proved his worth to the Buccaneers by scoring in the […]
WEDNESDAY, 1.30PM: AMALIA Gold Mining and Exploration Company was placed under liquidation on Tuesday, in an action initiated by Standard Bank, which is owed R6,8-million by Amalia. Various other creditors include Diners Club, Stannic, MDM (the company that built Amalia’s gold plant), Haptics and former legal counsel Andre Thomashausen. Amalia’s shares lost 90% of their […]
IN BRIEF PAGAD MAN’S KILLER ACQUITTED EBRAHIM SATAARDIEN has been acquitted of murdering People Against Gangsterism and Drugs national secretary Sharief Khan. Khan was shot outside the York Road mosque in Lansdowne in July last year. Sataardien pleaded not guilty and said he had thought Khan was drawing his gun, after threatening to kill him. […]
TUESDAY, 11.45AM: SPRINGBOK World Cup hero Chester Williams will captain the 10-player South African squad to play in the Hong Kong Sevens tournament from March 27-29. The team is, however, going to war without any tried and tested firepower. The Super-12 series has first choice on players and, as a result, sevens coach Dawie Snyman […]
MONDAY, 11.45AM: THE Coastal Sharks reaffirmed their position as contenders for the Super-12 crown by demolishing the Western Stormers by 32-17 at Kings Park on Saturday. The Sharks and Springbok skipper Gary Teichmann scored two tries in a thrilling performance in front of his home crowd. Heartening to see was the return to form of […]
MONDAY, 12.45PM: TWO weeks of striking by security industry employees has been ended by a settlement reached between unions and employers over the weekend. The settlement follows the Labour Court of Appeal’s judgement on Thursday upholding a previous decision deeming the strike to be legal. In both cases, the applications of employers to have the […]