No image available
/ 12 November 2004
Shareholders of world number-six gold miner Harmony have given the thumbs-up for the company’s proposed merger with a rival — the world’s fourth-biggest gold miner, Gold Fields. Harmony also received the 75% required to increase its authorised share capital by 750-million shares to 1,2-billion shares.
No image available
/ 12 November 2004
After setting fresh highs on Friday morning, the JSE Securities Exchange (JSE) has pulled back, with some profit-taking emerging amid a slightly firmer rand. The JSE started on a slightly stronger note, with most of the major indices posting small gains at the opening.
No image available
/ 12 November 2004
Hospital and clinics group Network Healthcare Holdings (Netcare) said on Friday that, notwithstanding satisfactory growth and activity in its core hospital and ancillary health-care divisions, its results for the year ended September 30 will be impacted by period-specific, non-recurring items and prior year adjustments.
No image available
/ 12 November 2004
Reacting to the Competition Commission’s recommendation that Nampak should be fined if found guilty of anti-competitive behaviour, the managing director of Nampak’s Africa region, Neil Cumming, said Nampak has steadfastly maintained at all stages of the investigations that the actions of its Glass division has been beyond reproach.
No image available
/ 12 November 2004
Minister of Trade and Industry Mandisi Mpahlwa started the debate in the National Assembly on Friday morning on the National Small Business Amendment Bill, which he said is aimed at reducing duplication of institutions underpinning small-business development.
No image available
/ 12 November 2004
The official opposition Democratic Alliance (DA) has urged Communications Minister Ivy Matsepe-Casaburri to reject any "crony capital deals" such as that involving the purchase of 15,1% held by Thintana in the monopoly fixed line company, Telkom.
No image available
/ 12 November 2004
They earn a lot more than the president of South Africa. They depend almost entirely on public money for their income. And they head relatively small institutions. Meet the new mega-earners of academe. Leading the pack is Professor Aaron Ndlovu, vice-chancellor of Mangosuthu Technikon, who last year somehow made ends meet with a shade under R3-million. President Thabo Mbeki earns R964 000.
No image available
/ 12 November 2004
”Stellenbosch stands for an idea.” This was the popular intellectual war cry the old Afrikaner Nationalists used to influence and mobilise (rather, immobilise) Afrikanerdom of yore. But the Stellenbosch University of the 21st century stands for a new idea: of being an agent of change, a transformer in co-creating the country all South Africans deserve to live in. It was almost a case of ”too little, too late”.
No image available
/ 12 November 2004
This week’s revelation that senior African National Congress members may have bagged the lucrative foreign-owned stake in Telkom could uncork a debate on empowerment which is simmering in the ruling party. The consortium is led by Andile Ngcaba, the former director general of communications and a powerful ANC personality; Smuts Ngonyama, the party spokesperson and national executive committee member; and businesswoman Gloria Serobe.
No image available
/ 12 November 2004
Telkom has denied allegations that it embarked on a share buy-back programme early this year to artificially boost its share price and secure a cushioned exit for its strategic equity partner, Thintana. This week questions were asked in Parliament about Telkom ”ramping” its share price, following the spectacular surge in the utility’s share value over the year, and allegations in noseweekthat this had resulted from Telkom buying its own shares.