The JSE Securities Exchange (JSE) was in the red in noon trade on Tuesday, dragged down by weaker world markets, a lower gold price and a general lack of buying interest. Volumes were relatively light and with many players on holiday, it is expected to be a quiet week. By 11.57am, the all-share index shed 0,61%.
The British Broadcasting Corporation, the world’s biggest public broadcaster, announced plans on Monday to cut 3 780 jobs so as to save hundreds of millions of pounds in what it termed its ”toughest period” in memory. The figure amounts to 880 more cuts than the 2 900 the BBC announced when it first disclosed a massive reorganisation and modernisation overhaul in December.
Sophie Guilbaud not only holds down a decent job, she also finds time to help run her son’s nursery and treat herself to regular weekdays of shopping, movies and art shows. The secret to her balancing act is a remarkable piece of social engineering — France’s 35-hour working week.
A resolution adopted by Athletics South Africa (ASA) over the weekend, which forces the organisers of the Comrades and Two Oceans ultra-marathons to hold half-marathons in the future with exactly the same prize money, was confirmed by ASA’s incumbent CEO, Linda Ferns, on Tuesday.
Supersport United of South Africa set African Confederation Cup records when they humiliated Red Star of Seychelles 9-0 in the second round at the weekend. It was the biggest match-winning margin since the competition, modelled on the European Uefa Cup, was introduced last year. The 13-1 aggregate score was also a record.
After he turned pro in 1998, Roger Federer fretted about his poor track record in finals. But with a remarkable run of 17 consecutive wins in finals, the only thing the world number one worries about these days is setting new records. Now Federer looks forward to the challenge of playing in the French Open, which begins on May 23.
The West Indies Cricket Board (WICB) is threatening the sport’s future in the Caribbean by banning Brian Lara and six other star players over a sponsorship dispute, says Grenada Prime Minister Keith Mitchell. Mitchell said WICB officials should have explored alternative sponsorship arrangements.
A Zimbabwean newspaper aimed at Zimbabweans around the world went online at www.thezimbabwean.co.uk on Monday afternoon. The content of The Zimbabwean newspaper will now be available free on the website. The newspaper was launched on February 11 with weekly editions in Britain and South Africa.
United Kingdom-based resources group Lonmin is considering making an offer to minority shareholders of listed platinum mining operation Messina once its acquisition of the mine is completed, according to CEO Brad Mills. Southern Platinum owns 91,5% of Messina, which operates the Messina platinum mine on the eastern limb of South Africa’s bushveld complex.
KwaZulu-Natal police officers have discovered a large cache of arms hidden in a shallow grave in the Midlands on Monday. Some of the ammunition included 43 M26 hand and rifle grenades and 60mm mortar barrels and magazines of various types, Superintendent Vishnu Naidoo said on Tuesday morning.