SOUTH Africa’s Nedcor, one of the country’s four main commercial banks, said on Monday it was issuing two billion rands worth of notes, in the country’s largest corporate issue to date. The bank said the issue was being used to raise its capital adequacy ratio and give it the necessary cash to take advantage of […]

Geneva | Tuesday SIX-year old statistics used by President Thabo Mbeki to claim that HIV/Aids is not the leading cause of death in South Africa underestimate the real impact of the disease, the UN agency dealing with the disease said on Tuesday. UNAids also said deaths from the immune deficiency disease in South Africa had […]

Harare CHRISPIN INAMBAO, Staff Reporter | Tuesday MORE tales of horror have been told by passengers aboard an ill fated flight over Namibia last Thursday – on which the door of a 12-seater aircraft opened in mid-flight. The event took place on Thursday night on an Namibian Air operated Ondangwa-Eros flight when the door of […]

GUINEA-Bissau President Kumba Yala has sacked three supreme court judges in an ongoing battle between the country’s executive and judiciary. The dismissals were made by a secret presidential decree on Monday, an official source said. Among the three sacked judges was deputy president of the supreme court Venancio Martins. Last Friday Martins declared that the […]

DUMISANE LUBISI, Marble Hall | Tuesday FIVE farm attackers poured boiling water into a woman’s face while her paraplegic husband watched helplessly and stole R30 000 cash early Monday morning. Gawie and Marie-Claire Crevitz were asleep when unknown men broke the lock on a sliding door to enter the house on plot H206B in Marble […]

Johannesburg | Wednesday DEPARTMENT of Defence procurement agency Armscor said on Tuesday that air defence missile manufacturers had until December 3 to revise their proposals to sell the South African army a battery of the weapons because the original response was unsatisfactory. The original cut-off date for tenders was April 23 but was pushed back […]

INTERNATIONAL rating agency Fitch said on Thursday it had affirmed its national insurer financial strength (IFS) rating of AA+ to South African insurer Santam Limited. Fitch said it had also upgraded Santam’s international IFS rating to BBB+ from BBB. The rating outlook was stable, it said. ”The rating reflects Santam’s excellent underwriting record, its strong […]

A 16-year-old Pretoria boy who was injured in a chemical explosion at his home on Monday had both legs amputated above the ankle in a two-and-a-half hour operation later in the day. Christelle Augustyn, representative for the Willows Hospital in Pretoria, said on Tuesday that Waldo van der Westhuizen was recovering in the institution’s intensive […]

Kwanobuhle | Tuesday GANGS of race-hate thugs went on a rampage in a black township bordering Port Elizabeth on Monday, targetting shops belonging to Somali migrants, a report said on Tuesday. At least 25 shops were looted and one set ablaze in Kwanobuhle township as police fired tear gas and fought running battles with the […]

Johannesburg | Tuesday SOUTH Africa’s Chamber of Business said on Monday its business confidence index (BCI) was unchanged in August at 109 points, with components equally split between positive and negative moves during the month. Sacob chief executive Kevin Wakeford said positive trends in bond yields and inflation countered negative trends in exchange rates, precious […]