Staff Reporter
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/ 14 November 1997

Baker (24) battles state for wife (62)

Marion Edmunds As in the movie Green Card, a Cape Town couple has challenged South African immigration officials to prove that they have not consummated their marriage. Moroccan baker Youssef Essakhi (24) says he is wildly in love with his wife Amina (62) and he is taking the government to court for denying him permanent […]

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/ 14 November 1997

A tale of two townships

Sechaba ka’Nkosi For years the tiny townships of Ndaleni and Magoda in Richmond shared almost everything, from relatives and grazing lands to churches. But since April a simmering conflict has erupted into open enmity and now residents crossing the narrow road separating them do so at their own risk. At the heart of the fear […]

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/ 14 November 1997

More than just a job for Simon Nkoana

Angella Johnson It takes a small brigade of dedicated helpers, working around the clock, to help Minas Michael cope with his disabilities. And there is none more devoted than Simon Nkoana, a faithful retainer who worked in the family’s supermarket for 18 years. He acts as chauffeur, nurse, companion and friend. ”I love this kid […]

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/ 14 November 1997

On the cusp of a new paradigm

What political change will flow from the new capitalism? Larry Elliott reviews two new books on the subject The anniversary of the Russian Revolution is not what it was. Last Friday, 40000 communists marked the storming of the Winter Palace in St Petersburg with a march along Nevsky Prospekt, but the days when Leningrad was […]

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/ 13 November 1997

Municipalities on runaway borrowing spree

THURSDAY, 12.00NOON: LATEST Reserve Bank figures show that borrowing from private banks by local authorities stood a shade short of R3,6-billion in September, nearly double the figure in the same month last year. DI 900 bank supervision returns from commercial banks in September show that last year’s sharp increases in credit extended to local authorities […]

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/ 13 November 1997

Asian traders flee Kenya ahead of elections

THURSSDAY, 4.00PM BUSINESSMEN of Asian origin are fleeing Kenya in the run-up to general elections, set for December 29, an airline manager said on Thursday. The same phenomenom occurred during elections in Uganda and Tanzania last year, when businessmen of Asian origin — usually Indian — took long holidays abroad with their families. In those […]

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/ 13 November 1997

Investec buys US securities firm

THURSDAY, 12.00NOON: INVESTEC Bank has signalled its intention to expand into the North Ameriucan financial services market by buying New York-based securities firm Ernst & Company. Investec CEO Stephen Koseff, while refusing to disclose the value of the deal, said that although the new acquisition is a small operation, the purchase is the first meaningful […]

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/ 13 November 1997

Shares fall again on Thursday

THURSDAY, 6.30PM SHARES on the Johannesburg Stock Exchange ended weaker on Thursday after a volatile day’s trade started with large overnight sell orders and then continued to suffer as futures traders undertook basket trading. At the close the financial index was up 3,7 points at 9 937,3 and the industrial index was 33,2 points lower […]

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/ 13 November 1997

SA enters JP Morgan government bond index

THURSDAY, 12.00NOON: SOUTH Africa has been included for the first time in the influential government bond index published by the international JP Morgan investment bank. The index is used by fund managers worldwide as a benchmark to achievce optimum exposure to capital markets around the globe. latest index, published on October 1, SA was listed […]

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/ 13 November 1997

Swart out to injury, Honiball back in Bok squad

THURSDAY, 11.00AM: SPRINGBOK coach Nick Mallett’s hopes of upsetting France on Saturday suffered a severe a blow when fullback Justin Swart was ruled out on Wednesday night after pulling a hamstring at training. A replacement is likely to be named on Thursday. First choice fullback Andre Joubert is unavailable to tour because of corrective surgery. […]