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 […]

THURSDAY 12.00NOON: EIGHT groupings have made bids to government for a 100% stake in parastatal holiday resort company Aventura, the public enterprises ministry said on Wednesday. The ministry said it expects to announce a pre-qualification shortlist early next week, following which the shortlisted groups will be briefed and asked to submit bids. Government said last […]

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 […]

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 […]

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 […]

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 […]

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. […]

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 […]

THURSDAY, 11.00AM: ATHLETICS South Africa (ASA) on Wednesday announced that a massive R3,5-million has been put aside for incentives and preparation for the 1998 season. This is set to be the most profitable year for athletes as this money is double the amount allocated in 1997. ASA secretary general Banele Sindani said top athletes can […]

WEDNESDAY, 11.25AM: NATAL cricket selection convenor Graeme Ford has named three Proteas in the squad to play against Northerns at Kingsmead from Friday. Jonty Rhodes, Andrew Hudson and Shaun Pollock are in the team while Pat Symcox and Lance Klusener are not available. Meanwhile, Free State will be without Alan Donald and Hansie Cronje in […]