MONDAY, 4.30PM: THE Reserve Bank on Monday announced that provisional gross gold and foreign exchange reserves amounted to R28,5-billion as at 31 December 1997, compared to R26,5-billion the previous month. Foreign credit lines in use at the end of December 1997 amounted to R9,8-billion — a R100-million decline. BUSINESS BRIEFS ANGOLAN OIL STRIKE FRENCH oil […]
FRIDAY, 3.15PM: WITH incumbent Kenyan President Daniel arap Moi certain to win the presidential elections, attention has shifted to parliament, where Moi’s Kenya African National Union (Kanu) party is only narrowly ahead of the combined opposition. On Friday afternoon, Kenyan media were reporting that the ruling party has 92 seats against the opposition’s 90 seats, […]
FRIDAY, 11.00AM: SOUTH Africa’s top-order batsmen once again failed to take advantage of arun-friendly pitch, with only middle-order Herschelle Gibbs (54) and captain Hansie Cronje (56) keeping the flag flying as South Africa ended the first day of the second Test against Australia at Sydney Cricket Ground on 197 for five wickets. Having won the […]
IN BRIEF NEW MPUMALANGA HEIST AN armed gang of four men and four women escaped with cash and jewellery to the value of about R400 000 in a heist at Aventura holiday resort at Blyde Rivierspoort in the Pilgrims Rest district of Mpumalanga on Thursday morning. The gang arrived in a minibus at about 7am […]
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/ 31 December 1997
HAPPY NEW YEAR The staff of the Electronic Mail & Guardian wish all our readers a prosperous new year. ZA*NOW will be published again on January 2. ROAD DEATHS NOW 676 The road death toll since the beginning of Christmas holidays on December 1 topped 676 by Tuesday evening, according to Drive Alive. KwaZulu-Natal recorded […]
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/ 31 December 1997
WEDNESDAY, 11.30AM: As vote counting began on Tuesday following Kenya’s chaotic general election, opposition parties accused the government of President Daniel arap Moi of rigging the vote in its favour, while Moi accused the Electoral Commission of rigging the poll in favour of the opposition. Five people died in political violence related to the election, […]
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/ 31 December 1997
WEDNESDAY, 1.00PM: A LAST-minute rush on the Johannesburg Stock Exchange saw the all share index end the last day of trade for 1997 with a 33-point gain. Three minutes before the noon close, the all share index was still 2,8 points below Tuesday’s close. At the close the financial index was up 87,0 points at […]
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/ 30 December 1997
MONDAY, 6.30PM: INVESTORS speculating that the Reserve Bank will cut interest rates quickly in the new year bought strongly into banking stocks on Monday, pushing the financial index up 115,6 points to 9 976,1. The same view on interest rates firmed the bond market by 13 points, with the yield on the R150 bond at […]
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/ 30 December 1997
TUESDAY, 11.00AM: SOUTH AFRICA beat the touring West Indies side by 19 runs on Monday to take the series 3-0. Scoreboard on the fourth and final day of the tour match between South Africa A and West Indies A at Newlands on Monday. South Africa A, first innings 129 West Indies, first innings 164 South […]
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/ 29 December 1997
HOLIDAY ROAD DEATHS TOP 600 The road death toll since the beginning of Christmas holidays on December 1 stood at 609 by Monday morning, according to Drive Alive. The Eastern Cape recorded the most fatalities, with 109, followed by KwaZulu-Natal with 106, Gauteng 98, Western Cape 83, Free State 64, Mpumalanga 47, North-West 32, Northern […]