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 […]
WORK is underway on a telecommunications network linking 54 African countries by undersea fiber optic cables encircling the continent. Proposals from potential suppliers are under consideration and construction of the 32000-kilometer-long cable will begin this year, said the statement from US company Africa One, which is overseeing the project. Laying of the cable will begin […]
ONE month after the arrest of Sierra Leonean rebel leader Foday Sankoh, small groups of his forces continue to make probing attacks, British army spokesman Captain Fergus Smith said Saturday. The most significant attack in recent days occurred Thursday morning, when some 150 of Sankoh’s Revolutionary United Front (RUF) rebels attacked Nigerian UN troops at […]
USAID and the Southern African Development Community on Tuesday signed a $18,4-million agreement aimed at enhancing regional market integration, agriculture, natural resource management and the promotion of democracy in the region. Speaking at a media briefing after the signing, SADC Executive Secretary Prega Ramsamy and regional official of the United States Agency for International Development, […]
OWN CORRESPONDENT, London | Sunday 6.30pm. FORMER West Indies cricket captain Brian Lara has dismissed as rubbish allegations by a South African businessman that he bet on matches seven years ago. Lara, who played in the Test victory West Indies completed over England at Edgbaston on Saturday, said in The Mail on Sunday newspaper he […]