BANKING group Nedcor is still keen to buy FBC Fidelity Holdings and could use the troubled domestic lender as a vehicle to separately list its mass-market People’s Bank, analysts said. Speculation has mounted in the South African media in recent weeks that the sale of FBC, placed in receivership last October following a run on […]
ANDREW MUCHINERIPI, Durban | Sunday 7.00pm. Lucky Kaizer Chiefs snatched a 1-0 Bob Save Super Bowl victory over Manning Rangers at Chatsworth Stadium on Sunday thanks to a moment of stealth from Siyabonga Nomvete. There appeared to be no immediate danger when Chiefs Namibian wingback Robert Nauseb held off a clumsy challenge from a Rangers […]
ALAN FINLAY, Johannesburg | Monday 10.00am. THE JSE followed Asian markets down and by mid-morning was trading nearly 6% lower following Friday’s carnage on Wall Street. Economists warned that it could slump as low as 10% on the opening of US markets later in the day. “The bottom will fall out. There’s not much to […]
FORMER Zambian president Kenneth Kaunda on Sunday joined senior Southern African Development Community (SADC) parliamentarians at a special church service in Cape Town to call for cancellation of Mozambique’s international debt. Kaunda told the gathering in St. George’s Cathedral that the debt largely stemmed from Mozambique’s fight against apartheid and racism. “It is now time […]
AT least 13 people were killed and 20 others wounded in the Jilib district of the Lower Juba region after fighting erupted between two Somali sub-clans at weekend. Gunmen from Galjel and those of Shikal, both belonging to the larger Hawiye clan, fought on Saturday and Sunday following a land dispute and incidents of banditry, […]
Former president Nelson Mandela is to appear in a new telecoms advertisement to be aired in Italy.
DEPUTY president Jacob Zuma faced criticism when it emerged that the government was buying luxury new cars for his two wives. Opposition groups criticised Zuma, who is number two to President Thabo Mbeki, for obtaining a Mercedes and an off-road Toyota worth R557500 at the taxpayers’ expense. A letter issued by the Office of the […]
EMELIA SITHOLE, Johannesburg | Monday 11.00am. PRESIDENT Robert Mugabe has increased the stakes in Zimbabwe’s land battle, refusing to condemn the deaths of three political opponents in a weekend of violence. The crisis even threatens the unity of his own party. Two black officials and a white farmer, all members of the opposition Movement for […]
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SUSAN NJANJI, Harare | Sunday 9.30pm. ZIMBABWEAN President Robert Mugabe vowed Sunday not to order black squatters off white-owned farms, amid escalating tensions after the murders of two opposition members and a white farmer. Five other farmers were brutally attacked in towns outside the capital, while several opposition members survived a petrol bomb attack. At […]