A post template

No image available
/ 26 January 2004

JSE mixed, but rand holds sway

The JSE Securities Exchange South Africa (JSE) was a mixed bag just before midday on Monday, in trade that was fairly quiet ahead of key economic data releases due out later in the week. While gold stocks dragged on the downside, a weaker rand saw heavyweight dual- listed stocks keep the bourse in the black overall.

No image available
/ 26 January 2004

No profit for banks from repossessed homes

Cash-strapped homeowners whose properties are repossessed and sold by their banks are likely to get a better deal in future, thanks to recent interventions by the Ombudsman for Banking Services, Advocate Neville Melville, who became deeply concerned by the particulars of a complaint received by his office.

No image available
/ 26 January 2004

Heavy rains spark fears of flooding in Namibia

While large parts of southern Africa battle with drought, Namibians, especially those in the north-east of the country, are bracing themselves for floods. Jennifer Moetie, chief meteorological technician at the Windhoek Weather Bureau, said substantial downfalls have been recorded in recent months, even though the rainy season has yet to start properly.