STATE-OWNED Ghana Railways Corporation (GRC) has negotiated a $16m loan from South Africa’s Absa bank to help it cope with an expected increase in freight haulage capacity. GRC’s deputy managing director, Emmanuel Poku, said It was now awaiting final approval from the ministry of roads and transport. Haulage of bauxite and manganese, which make up […]

Shares of South Africa’s mining property group Union Mines Ltd have been suspended with immediate effect, the Johannesburg Stock Exchange announced. In a brief statement the bourse said the suspension followed a request from the company’s directors. It gave no further details. – Reuters

South African equity market opened firmer with buying interest seen in IT shares ahead of Dimension Data’s listing in London on Wednesday. *The IT sector up 13.3 pts, or 1.41 pct, to reach 957.1, while the benchmark All-Share index gains 34.7 pts, or 0.43 pct, at 8,038.3. *Didata up 130 cents, or 2.35 pct, at […]

Shares in African Bank Investment Ltd (Abil) lost three percent in volatile early tradeafter news the group’s year- endearnings would not be as bad as the market had anticipated. Traders explained that shares were seeing bouts of profit-taking after a rather upbeat session yesterday. ”The share is seeing a lot of volatility following the announcement […]

MUSLIM rebels freed an ailing German housewife from 12 weeks in captivity in southern Philippine jungle where the gunmen still hold several mostly foreign hostages. Renate Wallert, boarded a helicopter in the town of Jolo shortly after she was handed over by the Abu Sayyaf rebels to chief hostage negotiator Robert Aventajado at their jungle […]

FIVE armed men attacked a Catholic mission in Northern Province early on Sunday morning, shooting a church member and holding up a priest and his wife. The men broke through a security fence and gate at Makapanspoort Lutheran Catholic Mission near Potgietersrus at 3am. Bushveld police spokesman Captain Blackie Swart said the attackers smashed a […]

A MAN has apparently frozen to death in the cold snap that gripped South Africa over the weekend and forced hundreds of homeless to soup kitchens and churches for shelter, a report said on Monday. The unidentified man was discovered dead on Sunday in an alley in a Johannesburg suburb, and ambulance staff said they […]