FRIDAY, 6.00PM: SUSPECTED foreign buying drove up the all share and financial indices of the Johannesburg Stock Exchange to record highs in heavy trade on Thursday. As usual, the gold index flagged, dragged by the weaker gold price. At the close, the all gold index had dropped 19,9 points to 823,1. The industrial index rose […]
WEDNESDAY, 2.30PM: THE opening match of the Cosafa Cup mini-league competition between defending champions Zambia and Mozambique has been postponed for a month, organisers announced on Wednesday. The match has been rescheduled from April 11 to May 16 at the Independence Stadium in Lusaka, due to domestic cup commitments in Zambia. The match between Zimbabwe […]
IN BRIEF MASIRE STEPS DOWN BOTSWANA’S outgoing President Sir Ketumile Masire stepped down on Tuesday, after 18 years in office. He is succeeded by his vice-president Festus Mogae. Masire’s last official duty involved meeting American President Bill Clinton on Tuesday night before Clinton left for Senegal on the final leg of his six-nation African tour. […]
TUESDAY 5.30PM: THE government will save R91-million a year when four divisions of the Department of Transport are commercialised this year, Transport Minister Mac Maharaj said on Tuesday. In a commercialisation drive that is due to start this week, three chief directorates will be repositioned as independent agencies under newly formed bodies: the South African […]
TUESDAY, 12.45PM: RAPIDLY growing Internet service provider M-Web made its debut on the Johannesburg Stock Exchange on Monday, with shares rising from R22 to R26 over the day’s trade. M-Web shares are listed jointly with its holding company MIH Holdings, with a plan for M-Web shares to be spun off at a later stage. Shareholders […]
MONDAY, 5.30PM: SOUTH African cricket captain Hansie Cronje blitzed his way to the second-fastest 50 in Test cricket history, facing only 31 deliveries, to steer South Africa to a sensational six-wicket victory over Sri Lanka in the second cricket Test at Centurion Park on Monday. Cronje needed only 14 scoring shots to reach his half […]
TUESDAY, 11.30AM: SOUTH African rising surfing star Greg Emslie moved to the top of the ASP World Qualifying Series (WQS) rankings after an impressive fifth-place finish in the Mark Richards Newcastle City PRO in Australia at the weekend. Emslie narrowly missed the final when he placed third in the semifinal behind Brazil’s Peterson Rosa and […]
MONDAY, 12.30PM: FIVE consortiums have submitted binding bids for 100% of Aventura Resorts, the state-owned resorts company. The bidders are Kopano ke Matla (the investment trust of the Congress of South African Trade Unions), Phalafala Leisure Consortium, Sanco Consortium, Boiketlong Consortium and Shomang Investment Holdings. The winner is expected to be announced soon after April […]
MONDAY, 11.30AM: THE National Sports Council on Saturday gave the controversial South African Rugby Football Union’s executive an ultimatum to resign within a fortnight or lose the Springbok badge and face international sports sanctions. NSC president Mluleki George, himself a rugby official, called on the Sarfu executive, including controversial rugby boss Louis Luyt, to resign […]
MONDAY, 12.00NOON: UNITED States President Bill Clinton has called for more private investment in Africa and will ask the US Congress to raise development assistance to historically high levels, he said before leaving Johannesburg for Botswana on Sunday. He also promised to ask for $1,6-billion in debt relief for Africa from the US Congress and […]