TUESDAY, 11.00AM INSTITUTIONAL investors from America, Europe and the United Kingdom have pounced on Billiton’s offer of shares, way exceeding market expectations. The company will trade for the first time on the London Stock Exchange on Tuesday, at first conditionally, then normally from next Monday. Billiton and financial advisers Fleming Martin said in London on […]
NUPEN TO RETURN TO ILO CHARLES NUPEN, the director of the Commission for Conciliation, Mediation and Arbitration, will leave his post at the end of October to resume his contract with the International Labour Organisation, the labour ministry announced on Tuesday. The ILO released Nupen to take up a short-term contract with the CCMA when […]
TUESDAY, 4.00PM TEN miners are confirmed dead at Avgold’s Hartebeesfontein mine near Stilfontein in North-West province, after an earth tremor precipitated a rockburst on Monday morning. As rescue operations continue at the mine, hopes are fading that eight miners who remain trapped three kilometres underground are still alive. So far, 46 injured miners have been […]
TUESDAY, 4.00PM AS peace talks between Congolese President Pascal Lissouba and his rival and predecessor Denis Sassou Nguesso in the Gabonese capital Libreville bogged down on Tuesday, Lissouba’s supporters, emboldened by Monday’s extension of the president’s mandate, called for a “general mobilisation” against the militia of Sassou Nguesso. A representative of Lissouba’s 16-party support base […]
TUESDAY, 11.00AM WOMEN’s empowerment group Nozala Investments is to acquire 10% of listed private education and personnel group Educor in a two-phase deal. The first phase of the deal will see Nozala acquire 17,8-million new Educor shares (6% of the group’s enlarged equity) at 412c a share, a total of R73-million. The price represents a […]
TUESDAY, 3.30PM A NEW draft Bill providing for a tougher parole system was tabled in Parliament on Tuesday. Among the provisions of the Bill include allowing courts to fix a non-parole period of a convict’s sentence, and revamped parole boards with greater community representation. The Bill proposes that where a court has set a non-parole […]
TUESDAY, 11.00AM THE Johannesburg Stock Exchange’s all gold index edged back over the 1 000 point mark on Monday for the first time in three weeks, but the rand took a beating, falling to a six-month low against the US dollar. Following Friday’s close at 992, the gold index leapt to an opening 1 014, […]
TUESDAY, 11.00AM THE Gencor group’s gold mines managed to buck the trend in the quarter to the end of June, with all Gengold mines reporting a profit, despite the 1,8% lower rand/gold price and a 20% drop in aggregate income to R109-million. Offsetting these presssures was a 3% increase in aggregate gold production to around […]
TUESDAY, 1.30PM: ANDRE JOUBERT was on Monday left out of the Springbok squad to tour Australia. Springbok coach Carel du Plessis said Joubert passed the medical test, but will be left out in a bid to strengthen other positions. Du Plessis decided to include Natal centre Japie Mulder, who also went for a fitness test […]
TUESDAY, 1.30PM: THE South African Football Association (Safa) and its marketing arm Awesome Sports International (ASI) will jointly stage this year’s Four Nations Cup tournament. ASI co-director Ian Riley and Safa chief executive officer Danny Jordaan said the marketing company is negotiating for a sponsor, but the tournament is a Safa event. This follows submisions […]