Casino and gaming equipment group Admiral Leisure looks set to be the latest company to delist from the JSE Securities Exchange. Austrian Gaming Industries GmbH (AGI) — a company incorporated in Austria — is proposing a scheme of arrangement to acquire all of the shares held by shareholders.
Monsoon rain on Monday swept the capital of Bangladesh, Dhaka, forcing thousands of city residents to live on the roofs of buildings in submerged residential neighbourhoods. Meanwhile, incessant rains lashed northeastern India on Monday, causing floods and displacing millions.
A Harare court on Monday postponed to later this month a ruling on whether to dismiss the case against four newspaper directors charged with illegally publishing the popular Daily News. Magistrate Lillian Kudya told the four to return to court on July 30, when she is expected to hand down her judgement.
No staff will be retrenched when the South African Social Security Agency starts operating next year, Minister of Social Development Zola Skweyiya said on Monday. "[Under] the Labour Relations Act, all staff in the social security function will be transferred to the agency," Skweyiya told reporters in Cape Town.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=118944">Govt outlines social security agency</a>
A senior official at Iraq’s Defence Ministry has been shot dead in Baghdad, officials said on Monday, in the latest attack against the new administration three weeks after the transfer of sovereignty. The ambush occurred in the southern Saydia neighbourhood where a truck bomb exploded on Monday morning.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=118946">Nine dead in car bomb attack</a>
Fears about terrorism returned to haunt Britain on Monday after police said they are investigating how secret police plans to prevent Heathrow airport from attack were found abandoned by a roadside. Also, a government minister advised the public to stock up on food and other emergency supplies in case of a terror attack.
The JSE Securities Exchange (JSE) was haemorrhaging just before midday on Monday as the strong rand continued to thump heavyweight resources stocks. Negative sentiment spilled through to the rest of the market and decliners outnumbered advancers on the all-share index by about four to one.
Pro- and anti-whaling nations began a four-day meeting of the International Whaling Commission in Sorrento, Italy, on Monday amid growing support for an end to an 18-year moratorium on commercial whaling. Japan has welcomed growing support for its call for a return to commercial whaling.
Equatorial Guinea is preparing an extradition request for 69 alleged mercenaries to be sent to that country for trial, the Constitutional Court in South Africa was told on Monday. The court was hearing arguments why it should intervene in the trial of the group, which is facing various charges. They are currently being held in a prison in Zimbabwe.
Forty people, most of them commuters, were killed on Monday when a crowded bus shot off a highway in torrential rains and plunged into a rain-filled ditch in India’s West Bengal state, police said. ”The bus sank in the ditch filled up by monsoon rains,” state police inspector general Chayan Mukherjee said.