SWAZILAND’S external debt rose by 16.7 percent in the last fiscal year, largely as a result of a currency slide, the Central Bank of Swaziland said. However, the country’s debt stock remained below “the critical levels”. “At the end of March 2000, external liabilities increased as the local currency continued to depreciate against the major […]
The Scorpions investigative unit made the biggest Mandrax bust ever in South Africa when they seized 1,9 million tablets worth R200 million in Johannesburg on Monday. Six people have been arrested after South African Revenue Services tipped off the police that they were suspicious about a container at Johannesburg’s City Deep depot . The tablets, […]
SHARES in Standard Bank Investment Corp (Stanbic) jumped more than five percent, close to year highs, as investors banked on the banking group posting strong increase in earnings when it announces results later this week. ”Stanbic’s up ahead of the results. We are looking for a pretty good figure, up around 26 percent,” said one […]
ACQUISITIVE South African diamond group De Beers is likely to post a hefty 112 percent increase in earnings per share when it releases its interim results on Wednesday, analysts say. The world’s top gem producer and marketer is expected to benefit from record first-half sales of rough gems, which hit $3.52bn, a 44 percent rise […]
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PEOPLE infected with the Aids virus in 14 central and west African countries have agreed to set up a network of “exchange and action” to help deal with their condition. The network will bring together people infected with Human Immune-deficiency Virus (HIV), the virus that leads to Aids. About 20 people from the 14 countries, […]
PRESIDENT Pierre Buyoya of Burundi arrived in South Africa on Monday night to discuss attempts to end seven years of civil war in Burundi. Buyoya is likely to meet former South African president Nelson Mandela, now the chief mediator of Burundi’s peace process. He is expected to be in South Africa for four days. Mandela […]
ABOUT 40 000 people in Mozambique’s central province of Sofala face starvation because peasant farmers have lost almost all of the second planting season, says a government spokesman. “The population of Chiramba and Sena in the Sofala districts of Chemba and Caia respectively might go hungry in the next few months,” Chemba’s district administrator Framcisco […]
AN Antonov cargo plane has crashed in the Democratic Republic of the Congo, killing all 21 passengers and six crew members on board, according to state television and sources at the national aviation authority. State television reported that 13 bodies had so far been recovered from the wreckage. The plane crashed on Saturday afternoon 63km […]
THE ANC has accused its rival Inkatha Freedom Party (IFP) of being behind an attack on the home of ANC MP Prince Zeblon Zulu at Nongoma. While police claim yesterday’s attack was motivated by robbery, ANC Nongoma general-secretary Philemon Ntuli said the attackers were IFP supporters attending a rally in the vicinity of Zulu’s home. […]