TUESDAY, 16.30PM: SOUTH Africa’s Wayne Ferreira easily defeated eighth-seeded Goran Ivanisevic in the second round of the men’s ATP tournament at Battersea Park in London on Wednesday. Unseeded Ferreira, who looked to be in poor form in the first round, after struggling to overcome Briton Chris Wilkinson, walked over the left-handed Croatian 6-2 6-4 in […]

TUESDAY, 3.30PM: THE European Union Foundation for Human Rights and three South African non-government organisations launched an innovative R2,5-million project aimed at terminating farm evictions in six South African provinces on Wednesday. African Eye News Service reports that the farm eviction project was initiated by the National Land Committee, the Centre for Applied Legal Studies […]

WEDNESDAY, 4.30PM: A REPORT in the Wall Street Journal says that “black chips” are the hottest investment on the Johannesburg Stock Exchange. “Black chips” are shares in black-owned companies, a plethora of which have listed since 1994 in the name of black economic empowerment. Despite some wild swings of black-chip share prices during 1997, their […]

WEDNESDAY, 1.30PM: THE government could have as few as eight departments if a proposal to streamline its structure is accepted, a government official said on Tuesday. A Presidential Review Commission report, expected to be released for debate in the next few weeks, could see a repositioning of a number of public assets under individual departments’ […]

WEDNESDAY, 12.30AM: SOUTH Africa could develop as an attractive emerging market hedge in the next two years, Socit Gnrale-Frankel Pollak economist Mike Brown said on Tuesday. Speaking at the firm’s 21st Annual Investment Conference, Brown advised investment bankers to promote South Africa as a relatively safe emerging market hedge for international investors. He said that […]

TUESDAY, 3.00PM: OUSTED Sierra Leonean President Ahmed Tejan Kabbah is reported to have arrived in Nigeria’s federal capital, Abuja, on Monday. Kabbah, who has been in exile in Conakry, Guinea, since a military junta overthrew his elected government in May last year, is expected to meet Nigerian military ruler General Sani Abacha on Tuesday. The […]

TUESDAY, 1.00PM: THE falling oil price is cutting the value of South African oil refiners’ operational stockpiles and confronting them with big losses, according to chemical sector analysts. The apparently solid progress towards a peaceful resolution of the Gulf crisis has undermined oil prices, with the price of Brent crude dropping to $14 a barrel. […]

TUESDAY, 11.30AM: FORMER WBU junior featherweight champion Cassius Baloyi says he was duped by the California State Athletics Comission over the forced postponement of his world tile bout in the United States at the weekend. Baloyi and his trainer, Elias Tshabala, both say that the thought of having been scammed crossed their minds. Baloyi was […]

TUESDAY, 1.00PM: A CUT in group tax liability after the acquisition of OK Bazaars lifted Shoprite Checkers’ headline earnings by 19% to 19,7c a share for the six months to December 31. Shoprite is the largest supermarket group in the country, with a combined turnover of R17-billion. Managing director Whitey Basson said tax liability had […]

TUESDAY, 6.00PM: THE Zimbabwe Stock Exchange has introduced new listing requirements to bring local listing laws in line with the rest of the Southern Africa region in order to attract foreign investment to the local bourse. ZSE Deputy Chief Executive Emmanuel Munyukwi said companies with operations in more than one country will now be able […]