OWN CORRESPONDENT, Johannesburg | Wednesday 11.30am. THE Johannesburg Stock Exchange continued its recovery on Wednesday, trading 1,88% or 130 points up by mid-morning. Local markets gained over 4% on Tuesday, recovering ground after heavy losses on Monday. However a dealer said investors are cautious and that there are still concerns about US technology stocks. The […]
STEVEN MANN, Cape Town | Wednesday 12.00pm. THE recent hammering taken by share prices on the Johannesburg Stock Exchange was inevitable, but the country’s economic fundamentals remain sound and the economic outlook is positive, Reserve Bank governor Tito Mboweni said on Wednesday. “It’s a correction that was bound to happen at some point,” he told […]
A CESSNA pilot has been killed in an accident not far from the Rand Airport in Germiston. Three passengers were seriously injured in the crash. The Cessna 172 was on its way to Messina when it experienced problems shortly after take off on Wednesday morning. The plane apparently radioed for permission to return to the […]
FOUR Spoornet unions have announced a dispute with the state-owned transport utility as two months of salary negotiations ended in deadlock on Monday. SA Footplate Union spokesman Chris de Vos said Spoornet will not go above a 5% increase and the unions are not prepared to accept less than 6,5%. The unions’ demand is based […]
SUDAN’s ruling party said on Tuesday it has decided to hold simultaneous presidential and parliamentary elections before March 2001, but did not set a specific date. During a Monday night meeting, the National Congress party leadership also endorsed President Omar al-Beshir as the party’s candidate in the presidential election. Under the constitution, members of parliament […]
THE number of teachers colleges is to be halved to 25 next year, with the remainder incorporated into universities and technikons, Business Day reports. Introducing his budget vote to the National Council of Provinces, Education Minister Kader Asmal said it has become clear that no teachers’ training college can sustain itself. In 1994 about 150 […]
TWO security guards working for a company contracted by oil group Shell to build a road through Nigeria’s troubled Ogoni region have been shot dead. The two were driving through the town of K-Dere on Tuesday when they were attacked. The shooting comes a week after unrest erupted in the town. Police blame the unrest […]
A HITHERTO unknown rebel group in the Democratic Republic of Congo has said it is behind an explosion at Kinshasa airport last week in which over 100 people died. “The attack on Ndjili airport is only the beginning. [DRC President Laurent] Kabila knows now we can get him when and where we decide,” said a […]
OWN CORRESPONDENT, Sydney | Wednesday 3.00pm AUSTRALIAN batsman Mark Waugh, fined for taking money from bookmakers five years ago, refused on Wednesday to talk about the Hansie Cronje scandal. “I’m going home, the season’s over,” said Waugh, who declined to answer questions when he returned from South Africa where Australia’s three-match limited overs series was […]
BRONWEN ROBERTS, Johannesburg | Tuesday 6.45pm. SOUTH African conservationists are to introduce artificial insemination among lions in game parks to save them from the harmful effects of inbreeding. The Endangered Wildlife Trust (EWT) said inbreeding among isolated lion populations in southern African game reserves had eroded their reproductive capacity and resistance to disease. “In order […]