SASOL is to construct a R1-billion detergent alcohol plant at Secunda, according to the Business Report. Sasol said the plant, due to be commissioned in March 2002, will add considerable value to its fuel from coal operations and become a major export earner. It will have an annual capacity of 120000 tons. Output will go […]
MUSLIM rebels holding 21 mostly foreign hostages, including two South Africans, for more than a month on Friday cancelled the planned start of formal talks with Philippine government negotiators. Manila’s chief negotiator, Roberto Aventajado, said the guerrillas called off Friday’s talks because they have moved the hostages. He now expects the talks to start on […]
NICOLE MORDANT, Johannesburg | Friday 12.30pm. PRE-election turmoil in Zimbabwe continued to weigh on sub-Saharan Africa’s two biggest bourses this week, and analysts expect market confidence to remain shaky until beyond next month’s poll. Analysts said that against a backdrop of waning offshore interest in African markets, activity across the bourses will remain subdued and […]
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Man meets woman; man doesn’t jump into bed with woman. Patrice Leconte, the award-winning director of Ridicule, tells Peter Lennon why his new film.
THE South African Chamber of Business and Standard Bank are launching a monthly trading conditions survey, which will be published as the Trade Activity Index. The index will relate current economic activity to an economic forecasts index for the next six months. The TAI will be the third economics index in South Africa, after Sacob’s […]
OIL prices continued to rise in early trading on Thursday following renewed concerns about tightness of supplies. In London, the price of benchmark Brent crude for July delivery edged up nine cents to $28,70 a barrel. Dealers attribute the increase mainly to the latest US data on supplies, although they add that speculative buying is […]
STEVEN MANN, Cape Town | Thursday 5.30pm. THE government reaped R7,7-billion rand from privatisation in the 1999/2000 financial year, R3,7-billion more than was orginially budgeted for. Addressing Parliament, Finance Minister Trevor Manuel said this and favorable lending conditions have enabled the government to cut debt servicing costs to 5,5% of GDP, making more resources available […]
DIPLOMATS and colleagues have praised two journalists slain in Sierra Leone as courageous men who sacrificed their lives to tell the tale of war. Reuters journalist Kurt Schork, a 53-year-old American, and Associated Press cameraman-producer Miguel Gil Moreno, 32, of Barcelona, Spain, died in an ambush on Wednesday afternoon. Four Sierra Leone Army soldiers were […]
THE National Association of Automobile Manufacturers anticipates vehicle exports will exceed R7-billion this year. South Africa exported R10-billion worth of components and about R5-billion worth of vehicles last year. Analysts said the industry has undergone massive changes since protectionism was lifted in 1994. A report this week by national automobile group Naamsa, says that the […]