UK PROPERTY group Liberty International has moved to resist rival British Land’s offer for 29,9% of its shares by launching a counter offer for its own shares, the Business Day reports. The move has been funded with more than 500-million in bank debt. Liberty International MD David Fischel told the paper over the weekend the […]
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THE number of countries in the world facing food emergencies increased in May with 36 of them currently affected by food shortages, the UN’s Food and Agricultural Organisation said in its latest ‘Food Outlook’. According to the June report, drought is largely to blame for the food crises, which are all found in developing countries, […]
HUGH NEVILL, Harare | Sunday 6.30pm. MORE than 25000 excited opposition supporters turned out for a rally outside Zimbabwe’s capital on Sunday to hear opposition leader Morgan Tsvangirai promise them victory in next weekend’s parliamentary elections. The crowd dwarfed the approximately 4,000 ruling party supporters who turned out to listen to President Robert Mugabe at […]
OWN CORRESPONDENT, Johannesburg | Sunday 6.00pm. THE Reserve Bank has reopened investigations into the controversial R1.5-billion ($220-million) lifeline the bank threw the Bankorp banking group during the last years of apartheid. The Reserve Bank has set up a panel, to be headed by Judge Dennis Davis, to probe its own role in the biggest bank […]
KENYA has re-asserted its commitment to block the lifting of a ban on the ivory trade. “We shall, jointly with India, continue to seek maximum protection for elephants to return the African population currently on Appendix II in order to prevent further increase in poaching of the African and Asiatic elephants,” said Kenyan Wildlife Service […]
OWN CORRESPONDENT, Asmara | Sunday 12.20pm. THE front lines in the war between Eritrea and Ethiopia were calm, an Eritrean presidential spokesman said on Sunday, hours after the signing of a peace agreement between the two countries. News of the deal, brokered by the Organization of African Unity (OAU) and signed in the Algerian capital […]
TIGER Woods turned in a command performance to win the US Open. Woods was at 8-under 205 and 10 strokes clear of two-time US Open champion Ernie Els, whose 3-under 68 was the only round under par all day. Els’ brilliant effort moved him from a tie for 30th to second place. That put him […]
CGNU, the life assurance group formed from the merger of Norwich Union and CGU, is in talks to dispose of its stake in a unit of South Africa’s biggest life insurer Old Mutual, the companies said on Friday. Mutual and Federal Insurance, in which Old Mutual has a 51% stake, said talks are taking place […]
OWN CORRESPONDENT, Witbank | Sunday 7.00pm. MIDFIELDER Delron Buckley ended his international goal drought by scoring twice as South Africa cruised to a 2-0 win over Swaziland here on Sunday in a Castle Cup quarter-final. German-based Buckley struck after 11 and 17 minutes of the opening half in a Southern Africa championship match that failed […]