United States billionaire Malcolm Glazer said on Monday he plans to take Manchester United off the London Stock Exchange as early as June 22, putting the world’s richest soccer team into private ownership. Glazer also moved on Monday to buy out remaining shareholders of the team.
Beleaguered clothing manufacturer Rex Trueform said on Tuesday that a black economic empowerment (BEE) consortium has expressed a willingness to offer attractive terms to lease its Salt River factory, which faces closure. The company announced in March that the Salt River factory was no longer viable.
Black-owned agricultural services company Umlimi Services on Tuesday announced in a statement that it has launched as an empowered service provider to the agricultural sector. Umlimi will act as a service agent to farmers and manage the substantial chain of costs that occur beyond the farm gate.
Minister of Finance Trevor Manuel has outlined a very favourable picture of South Africa’s economy for the year, pointing to the National Treasury’s expectations of rising gross domestic product growth, low inflation, a very low budget deficit and improving employment trends, as well as continuing strong capital inflows.
At least 35 people were killed and 25 wounded in a double suicide car bomb attack on Monday evening in the northern Iraqi town of Tall Afar, bringing the overall car bomb death toll for the day to 53. In the bloodiest attack, two suicide bombers drove cars packed with explosives into a crowd in Tall Afar, about 400km north of Baghdad.
An eight-year-old girl survived for more than seven hours buried under rubble in a recycling bin at a landfill site after being kidnapped from her home in Florida, raped and left to die. The girl was rescued when a police officer searching the tip spotted her hand poking through large chunks of concrete inside the bin where she had been dumped.
Five teenage girls were killed and 46 people injured yesterday afternoon when a school bus overturned in the Republic of Ireland. The bus was taking the children home from secondary schools in Navan, Co Meath, when the accident happened at Kentstown just after 4pm.
A frail but high-spirited Robbie Jansen was released from Tygerberg hospital’s respiratory unit on Monday afternoon, said his spokesperson Patrick Lee-Thorp. ”He is going into a period of convalescence and is not going to perform anywhere in the near future,” said Lee-Thorp.
The Palestinian leader, Mahmoud Abbas, is under growing pressure to postpone parliamentary elections scheduled for July, despite threats from Hamas to call off a four-month ceasefire if he does so. The Palestinian election commission said on Monday it would not be ready to hold the ballot on time.
In the idyllic setting of the Beijing countryside a short drive north of the Great Wall, a secret slaughter is taking place. Hundreds, possibly thousands, of cows have been killed in Dabailou village since the start of the month in a frantic attempt to stem one of China’s worst foot and mouth disease scares.