SWAZILAND Railways have secured a R8,7-million grant to expand its major clearing depot at Matsapha. Swaziland Railways chief executive Gideon Mahlalela said on Monday that the depot, in Swaziland’s major industrial centre, handled 17729 cargo containers between 1996 and 1999. The first phase, already underway, involves design and construction work, soil compacting, and laying in […]

DESPITE further delays due to rain, the Williams and British American Racing (BAR) teams managed to get down in earnest to Formula One testing at Kyalami on Monday. After a wet start, the sun broke through and the track dried out, allowing Williams drivers Ralf Schumacher and Jenson Button to reel off 129 laps between […]

TRANSHEX Ltd on Monday announced a number of senior management changes within the diamond mining and exploration group, including the news that group managing director Niel Hoogenhout would step down. At the same time, Transhex said that its performance was “above expectations” and that its recent announcement of a R120-million plant expansion at its flagship […]

THE United Democratic Movement on Monday said it had written to United Nations secretary-general Kofi Annan asking him to probe allegations that South Africa is fueling the war in the Congo, but chances are he won’t respond. The UDM addressed its letter to the New York-based Annan to: The Secretary-General, United Nations, Washington D.C. UDM […]

THE Bank of Uganda intervened in the money market on Tuesday to prevent the shilling from sliding further against major currencies. BOU spokesman Walugembe Musoke said that a further seven million dollars has been injected into the forex market, where the shilling has continued to lose ground against other currencies, in an effort to hold […]

OWN CORRESPONDENT, Harare | Tuesday 4.30pm. ZIMBABWEAN voters have rejected a new constitution which critics said would strengthen President Robert Mugabe’s hold on power, official results showed on Tuesday. A total of 697754 people — 54.6% — voted against the constitution, while 578210 voted in favour, the election directorate announced. The result is seen as […]

PALLADIUM surged to an all-time high of $625 an ounce bid on Tuesday after reports that Russian platinum-group-metals export quotas will not be signed soon. Platinum jumped $15 to $525,00/$535,00 after news that Russia’s Interfax news agency quoted the head of state precious metals reserve Gokhran as saying the signing of the export quotas may […]

NAMIBIAN President Sam Nujoma arrived in Angola on Monday for talks with President Jose Eduardo dos Santos expected to focus on the worsening security situation along their countries’ borders. Nujoma arrived at Luanda’s airport late on Monday morning and immediately drove to the presidential palace for a meeting with dos Santos. Nujoma is expected to […]

DEON POTGIETER, Johannesburg | Tuesday 11.15am. FORMER International Boxing Federation lightweight world champion Philip Holiday will attempt to recapture his lost glory when challenging for the IBC welterweight world title in Denmark on Friday night. He faces undefeated European champion Thomas Damgaard for the vacant crown. Holiday was once regarded as one of the best […]

SA’S first army equipment company led by a black woman delivered its inaugural shipment of 26 armoured vehicles to Armscor on Tuesday. Delivery was made by Nelspruit-based Bohlabela Wheels, and is part of a R1,6 million deal in February last year. The deal – for limited manufacturing – was signed immediately after the company received […]