PAPER and pulp manufacturer Sappi on Thursday forecast significant gains in earnings per share this year and more progress in trimming debts. ”[Sappi] is on track for a substantial increase in earnings per share and a further significant debt reduction in the current financial year,” chief executive Eugene van As told the group’s annual general […]
Click on image for full-size view.
EMSIE FERREIRA, BRYAN PEARSON, Cape Town | Thursday 5.40pm LABOUR Minister Membathisi Mdladlana on Thursday unveiled a draft law that will widen the safety net for the country’s temporarily unemployed. The Unemployment Insurance Bill proposes to extend unemployment benefits to categories of workers, such as domestic workers and seasonal farm labourers, who don’t qualify under […]
MALAWI’s President Bakili Muluzi shifted Finance Minister Cassim Chilumpha, who is under investigation by the Anti-Corruption Bureau, in a cabinet reshuffle on Wednesday. He appointed central bank governor Mathews Chikaonda Finance and Economic Planning Minister, giving Chilumpha Education, Sports and Culture. Muluzi, who dissolved his cabinet on Sunday, named a new cabinet of 24 ministers […]
THE twenty-man squad for the West Indies’ two-Test series against Zimbabwe includes some familiar faces, but there are also a number of less well-known players included. Most of the newcomers in the squad are players who performed well in the Busta Cup. Chris Gayle, Leeward Islands batsman Runako Morton and Guyanese leg spinner Mahendra Nagamootoo […]
MORE than 50 Nigerian police officers have arrived in Kinshasa to provide security for rebel leaders who may join Democratic Republic of Congo peace talks. Interior Minister Gaetan Kakudji said 52 policemen arrived on Wednesday as “Nigeria’s contribution” to protect rebel leaders who have been invited to a national consultative meeting organised by churches. Kakudji […]
PUBLISHER and author Jim Bailey, who launched the pioneering black magazine Drum in 1951, has died at the age of 80 after a brief illness. Knighted in 1996 for his publishing efforts in Africa, Bailey was at the helm of Drum in the Fifties and Sixties, when it was the voice of people in the […]
PSG Investment Bank said on Wednesday it has acquired all of the issued share capital of the Business Bank Limited (TBB), a subsidiary of TBB Holdings, for R160-million. PSG said the acquisition is expected to have a positive effect on the earnings of PSG Investment Bank for the financial year ending February 28, 2001. ANGLO […]
BRONWEN ROBERTS, Pretoria | Thursday 4.30pm THE Reserve Bank will no longer protect the rand against depreciation but concentrate instead on meeting the government’s inflation targets, governor Tito Mboweni said on Thursday. “We are not entering the market to defend a particular level of the rand/dollar exchange rate,” Mboweni told parliament’s finance committee. “The exchange […]
AN SAA airbus skidded off a Lusaka airport runway just after 1pm on Wednesday. Weather conditions were apparently terrible and the plane came to a halt in thick mud next to the tarmac. Nobody was injured and airport staff successfully evacuated 142 passengers and seven crew members from the airbus.