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/ 24 January 2005
American second seed Andy Roddick served his way into a third straight Australian Open tennis quarterfinal with a straight-sets victory over German Philipp Kohlschreiber on Monday. Roddick, the 2003 US Open champion, countered stiff resistance in the second set, which went to a tiebreaker before skating away in the final.
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/ 24 January 2005
Russia’s Nikolay Davydenko fought through the pain barrier to reach his first grand slam quarterfinal with victory over Argentine 12th seed Guillermo Canas on Monday. The impressive 26th seed, who is yet to lose a set in the tournament, wasted no time in dispatching a disappointing Canas.
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/ 24 January 2005
The prospect of Mark Thatcher being allowed to return to the United States to rejoin his wife and children in Dallas became more uncertain on Sunday night, as new evidence emerged that his role in an African coup attempt may have been more central than has been admitted, and involved questionable activities in the US.
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/ 24 January 2005
Retail group Edcon announced on Monday that it is to acquire clothing chain Topic(s) at a discount to net asset value by using cash resources. Pending approval from the Competition Authorities, and a due diligence investigation, the transaction will be effective from May 29 2005.
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/ 24 January 2005
Diversified mining group Kumba Resources on Monday came close to an all-time high on continued speculation about the settlement prices for iron ore, which are currently being negotiated. At 9.40am, Kumba was quoted at R57,49, up 28 cents or 0,5% from its Friday close.
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/ 24 January 2005
Johannesburg- and London-listed financial services group Investec plans to raise R522,5-million via the issue of five million new preference shares at an issue price of R104,5-million, the company announced on Monday. The preference share offering opens on Monday and closes on Friday February 11.
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/ 24 January 2005
Forty members of Parliament implicated in the travel voucher scandal will be informed from Monday that they will be prosecuted. National Prosecuting Authority spokesperson Sipho Ngwema would not say what political parties they belonged to, or whether the state would be demanding that they pay bail.
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/ 24 January 2005
The JSE Securities Exchange (JSE) is not aware of any of its grain broker members being in financial difficulty and there are no signs that a grain broker member could be placed in default, JSE agricultural products division general manager Rod Gravelet-Blondin said on Monday.
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/ 24 January 2005
Private capital flows to South Africa surged by 825% in 2004 to $5,312-billion from $574-million in 2003, according to data supplied by the Washington-based Institute of International Finance, an association of the world’s banks and financial institutions.
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/ 24 January 2005
The bus is so crowded that a small schoolboy has to perch precariously on the steps above the doors that slam open and shut at every stop. Passengers of Johannesburg’s Metrobus are annoyed by the constant problems they experience. Delayed and overcrowded busses, breakdowns and busses that simply do not arrive are all causes of their frustration.