THE Johannesburg Stock Exchange (JSE) fired general manager of market operations, Mike Bastenie, for dishonesty and breach of fiduciary duty. The JSE said Bastenie was found guilty by a disciplinary committee of ”breach of fiduciary duty to the JSE, dishonesty, prejudicing the security of the JSE’s computer systems and negligently managing a key strategic project […]
RATING agency Duff & Phelps (DCR) awarded its ”AA-” rating on the senior bonds (K001 bonds) of South African capital holding company Kiwane Capital Holdings’ and ”BBB-” on the mezzanine bonds (K002 bonds). DCR said the ratings reflected Kiwane’s high credit quality with strong protection factors. Kiwane is a cashflow collateralised debt obligation backed by […]
SYNTHETIC fuel producer Sasol posted a surge in full-year earnings led by a sharp jump in international world oil prices and a weaker rand. Sasol posted fully diluted headline earnings of R6.74 in the year ending June 25, versus R3.77 in the previous 12 months. Sasol declared a total dividend for the year of 2.20 […]
ZIMBABWE’S main share index inched up almost 23 points with brokers anticipating little movement for the rest of the week due to a lack of news to give the market direction. Simultaneously the central bank devalued the country’s currency by 3%, its second adjustment of the official exchange rate in a month. Currency markets were […]
UN Secretary-General Kofi Annan expects 11 British soldiers being held hostage by renegade troops in Sierra Leone to be released ”in the near future”. Annan told reporters that officials were making progress in their talks with the rebels, known as the West Side Boys. The British soldiers were part of a contingent of about 400 […]
SHARES in African Life Assurance fell sharply in the wake of the unbundling of stakes in the group by Real Africa Holdings (RAH) and Real Africa Investments Ltd (RAI). ”Real Africa Holdings and Real Africa Investments have unbundled their stakes in Aflife and it would seem some of the recipients of the shares are selling,” […]
Click on image for full-size view.
OWN CORRESPONDENT and AFP, Khartoum | Monday SUDAN has accused the United States of “being one of the main reasons” behind the civil war in south Sudan by supporting and assisting the rebel Sudan People’s Liberation Army (SPLA). “The US provides one of the main reasons behind the suffering of the people in the south, […]
BARELY a month after the European Union (EU) a fish export ban on Uganda, there are growing fears that the ban could be reinstated. A local newspaper reported that the country is behind schedule in implementing changes laid down by the EU geared to bring the fishing industry in line with their regulations. Dr James […]
AFRICAN EYE NEWS SERVICE, Nelspruit | Monday MPUMALANGA has launched an inquiry into how South Africa’s largest and most controversial vigilante group, Mapogo-a-Mathamaga, was appointed to guard the province’s glitzy R600m legislature complex just outside Nelspruit. Mpumalanga public works, roads, transport, safety and security MEC Steve Mabona said officials responsible for the appointment would be […]