FUEL-from-coal company Sasol Ltd has bought back six percent of its shares for R1.7bn as part of its strategy to restructure its balance sheet. Sasol said a wholly-owned subsidiary had repurchased the shares over a four-month period. ”The share repurchase will result in revised gearing, a lower weighted average cost of capital and improved earnings […]
GRIFFIN SHEA, Harare | Thursday ZIMBABWE’S first independent radio station has gone off the air, hours after police and secret service agents raided its studio in the latest act of intimidation against independent media in the country. The Capital Radio station only began broadcasting last week after winning a Supreme Court case that broke the […]
BRITISH airline Virgin Atlantic is set to take a major chunk of the lucrative Lagos-London route currently dominated by British Airways (BA). Virgin Atlantic CEO Richard Branson said the Nigerian aviation authorities have already approved the airline’s proposal to fly the route. He said BA’s dominance of the lucrative route was not to the advantage […]
A NORTHERN Province schoolteacher accused of hijacking a newlywed American couple and their driver has been granted R7 000 bail. His seven co-accused, who include another teacher from Skukuza High School, were remanded in custody. Daniel Mashele, 35, is accused of the hijacking and robbery of American newlyweds Scott and Lesley Newman and their South […]
SOUTH Africa has to tighten immigration laws to discourage false asylum claims and marriages of convenience, says Home Affairs Minister Mangosuthu Buthelezi. Some 35% of the 75 000 asylum seekers currently in the country were not genuine, he said, and current migration laws are so badly abused that 60% of migration applications were by spouses […]
OWN CORRESPONDENT with AFRICA EYE NEWS SERVICE and AFP, Johannesburg | Wednesday IN two separate rape cases, an Mpumalanga man has been arrested for raping his eight-year-old daughter for the past two weeks, while a pregnant girl who was raped by Angolan government soldiers at the weekend has died from her injuries. The man from […]
JUSTIN ARENSTEIN, Nelspruit | Wednesday MPUMALANGA is sitting on a race war time bomb where farm labourers still live like slaves, are denied basic health care and are treated worse than mechanical implements such as tractors, the leading political parties in the province have warned. The situation is so bad in some areas that racial […]
A DIVING safari company has hunted and killed a suspected man-eating shark off Dar es Salaam’s main beach in Tanzania after it allegedly ate five people. The pregnant 400kg shark, believed to be responsible for the death of a 28-year-old student last week, was killed after “a hell of pursuit” off the popular Coco Beach. […]
SOWETO councillor Trevor Ngwane will protest against globalisation in the US and Canada later this month when he speaks in the Challenging Globalisation at Grassroots campaign. The month-long campaign is being driven by Global-South, a movement against corporate globalisation, and aims to generate solidarity for social justice movements in South Africa and Bolivia. The tour […]
A WARRANT of arrest has been issued against Presidential spokesman Parks Mankahlana after he failed to turn up for a child maintenance hearing in Mpumalanga. Mankahlana had denied fathering a child by Thalitha Mthethwa nine years ago, but a paternity test proved he was the father. Mthethwa, a teacher, and Mankahlana lived together for two […]