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/ 30 June 2005

Mittal to cut steel production by one-million tons

The Netherlands-based Mittal Steel, the world’s top steel maker, said on Wednesday that it plans to reduce its global steel production by one million tons in the third quarter of 2005, following similar cuts in the second quarter. The cuts will be equally split between Mittal’s North American operations and those in Europe and the rest of the world.

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/ 30 June 2005

Stofile says sponsors call the shots in SA rugby

Minister of Sport Makhenkesi Stofile has again accused administrators of failing to implement racial transformation in sporting codes, specifically rugby, a South African Broadcasting Corporation news broadcast reported on Wednesday. ”I have looked at the Saru [SA Rugby Union] Constitution and it is totally ‘deurmekaar’ [confused],” he said.

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/ 30 June 2005

Joburg gears up for Live 8 concert

South Africa is gearing up to host Africa’s Live 8 concert with about 40 000 people expected to pack central Johannesburg on Saturday to raise poverty awareness on the continent. But despite South Africa’s biggest star, Nelson Mandela, giving his official blessing to the concert, organisers would not say whether he would attend the event.

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/ 30 June 2005

Anglo, Billiton drag JSE down

The JSE Securities Exchange was slightly weaker just after noon on Thursday, with a stronger rand against sterling weighing on London-listed resources heavyweights Anglo American and BHP Billiton. Gold stocks glistered, however, despite getting little help from the gold price.