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/ 6 January 2005

Woolworths sales up 15%

South African clothing retailer Woolworths’ operating group increased sales for the six months from July to December 2004 by 15,8% compared with the same period the previous year. Sales from comparable stores grew by 10,5%, the company said on Thursday.

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/ 6 January 2005

Business as usual after investment bank fire

There was a fire in the early hours of Thursday at investment bank Cazenove South Africa’s head office in Dunkeld, Johannesburg, Cazenove said in a statement. The Cazenove trading staff have been moved to an alternative site in Midrand and business is continuing as normal, Cazenove South Africa MD Tony Lederle said.

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/ 6 January 2005

Rand breaks above R6 per dollar

The rand on Thursday moved above R6 to the dollar for the first time since late November last year on the weaker euro against the dollar, Absa economist Christ Hart said. At 9.25am, the rand was quoted at R6,0128, its weakest level since November 24 2004, from Wednesday’s closing level of R5,9226.

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/ 6 January 2005

Zanu-PF high flyer caught in Mugabe purge

As one of the highest flyers in Zimbabwe’s ruling regime, Philip Chiyangwa began most mornings by studying the display on his computerised wardrobe before choosing which of his 300 suits to wear. He had all the trappings of wealth: Mercedes and large house with helicopter pad. Now, it seems, he has lost it all.

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/ 6 January 2005

Gun curbs enrage South Africans

South Africa’s gun owners are furious about a new law which could force millions to hand over their weapons — removing what some consider their only defence against rampant crime. All legal guns must be re-licensed over a five-year period, and thousands of applications have already been rejected or snagged in red tape.

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/ 6 January 2005

It’s in the stars

Not the Mail & Guardian is Robert Kirby’s startling and savagely satirical parody of the Mail & Guardian newspaper. Any similarity between real people and characters portrayed here is anything but coincidental Aries: If you’re a public servant with the odd travel scam under your belt, it’s time to take a job as an aid […]