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 […]

GHANA’S troubled Ashanti Goldfields Company announced the appointment of Philip Tarsh, a senior independent director, as the acting chairman of its board of directors. This comes afer the resignation of Richard Kwame Peprah, the finance minister, as chairman of the Board with effect from 11 February. An Accra High Court last week ordered the company […]

Mail_&_Guardian freelancer Charlene Smith, whose courageous account of being raped was published in the paper last year, is amongst 12 South African finalists for the CNN African Journalist of the Year Award announced on Sunday. CNN spokeswoman Monica Braganca said the finalists, from Kenya, Nigeria, Sierra Leone, South Africa and Zimbabwe were chosen from a […]

FARMERS in Mpumalanga are banding together to fight land claims as a collective following studies showing that more than 41% or 3,2-million hectares of the province’s commercial agricultural land is under claim. The initiative will see the creation of a defence fund, special legal teams and technical advisors to manage immediate legal responses to all […]

FORMER South African Test paceman Tertius Bosch died in a Durban hospital on Sunday after a long illness. He was a month short of his 34th birthday. Bosch played in one test, against West Indies in Bridgetown in 1992, which marked South Africa’s return to the test arena after the dismantling of apartheid. He returned […]