HARMONY Gold, the country’s third biggest gold producer, reported mixed results for the quarter to March with mining operations hit by bad weather and extra public holidays. Harmony kicked off the country’s gold reporting season by predicting another tough quarter ahead, but said it expected restructuring gains from its newly-acquired Randfontein mine. It warned tough […]
SIX charity and benefit matches involving Indian, South African and Sri Lankan players have been called off following the recent match-fixing controversy, after the United Cricket Board of South Africa said it would not send players to the sub-continent. The matches, to be played next month, Ratnakar Shetty, joint secretary of the Bombay Cricket Association, […]
OWN CORRESPONDENT, Cape Town | Wednesday 5.00pm. THE International Olympic Committee will review the appeal of the South African men’s hockey side after the team was barred from competing in the Sydney Olympics by the National Olympic Committee of South Africa because of racial inequality. The team was told by Nocsa that it cannot compete […]
THE fall US Internet share prices has knocked some R4,55-billion ($700-million) off the sale price of Thawte Consulting, owned by Cape Town billionaire Mark Shuttleworth. Shuttleworth’s earnings from the sale of Thawte, to Internet security giant VeriSign, would initially have amounted to R7,47-billion ($1,15bn), but he says that he will now earn only some R2,92-billion […]
OWN CORRESPONDENT, Johannesburg | Tuesday 1.15pm. THE monthly inflation rate — measured as the rate of change of the consumer price index — rose 3,4% in March after rising 2,4% in February, Statistics South Africa said on Tuesday. The rise is higher than expected and puts pay to expectations of interest rate cuts in the […]
SOUTH African Airways is to split off its profitable engineering and maintenance operation into a separate private company, according to the Business Report. Transnet Managing Director Saki Macozoma said SAA will look for an equity partner for the new company. The new technical company will remain in the SAA fold, and SAA will retain a […]
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OWN CORRESPONDENT, Cape Town | Tuesday 4.15pm THE United Cricket Board of South Africa will investigate a 1996 team meeting at which South African players were allegedly offered $250000 dollars to lose a game against India. Several players who were on the 1996-97 tour of India have confirmed an offer was conveyed to the team […]
THREE Indian cricketers admitted placing bets on a match in England a few years ago, a former head of India’s cricket control board said on Sunday. “When confronted by me they admitted they were placing small bets on matches at a legal betting place in England,” Inderjit Singh Bindra, former president of the Board for […]
OWN CORRESPONDENT, Cape Town | Tuesday 6.30am. JOE Ndhlela, Chief executive officer of the Premier Soccer League, was dismissed from his post on Tuesday after a Board of Governors meeting held in Johannesburg. Ndhlela was suspended on December 1 for bringing football and the league into disrepute after he was arrested on charges of fraud […]