ANGOLAN troops mounted an attack on Zambian soldiers in April, but only in an effort to defend their territory from an incursion by Zambian forces, the Angolan embassy in Lusaka said on Thursday. A group of 24 Zambian soldiers crossed the frontier into its western neighbour on April 27 and engaged in a gunfight with […]

AVIS Southern Africa announced on Thursday that it has agreed in principle to acquire the Avis car rental operations in Norway and Sweden as part of a geographical expansion strategy. At the same time, it announced it has lifted headline earnings per share by 24% to 73,3 cents for the year to March. The group […]

THE South African Telecommunications Regulatory Authority has appointed corporate financial consultants Grant Thornton Kessel Feinstein to oversee the business plans of the six bidders for the third cellular licence. The consultants are expected to assess the bidder’s plans and to draft a report for the regulatory authority. GTKF hopes to submit a report to Satra […]

DATATEC, which released better than expected results on Wednesday, says it is “cheesed off” with the markets lack of confidence in the IT company, after news leaked out that it will not meet initial earnings forecasts. The results shows headline earnings a share for the year to March 31 have grown 75% to 393c. Original […]

WAYNE Ferreira, ranked twenty-three in the world, has sharpened his mental toughness by hiring Sweden’s Mats Wilander. Wilander, a multiple Grand Slam winner was renowned for his mental toughness which helped him take home no less than thirty-three career singles titles. Wilander joined Ferreira in Hamburg this week. “I decided to use Mats to help […]

CANTERBURY Crusaders scrumhalf Justin Marshall and lock Norm Maxwell have been ruled out of Saturday night’s Super 12 rugby semi-final against the Otago Highlanders in Christchurch. Both suffered calf muscle tears in training this week and were ruled out by medical staff after a fitness test. Ben Hurst will replace Marshall, while Chris Jack will […]

MIRIAM ISA, Pretoria | Friday 5.00pm. THE Reserve Bank left interest rates unchanged after its regular six-weekly meeting on Friday, but said it would not hesitate to tighten monetary policy if inflation continued to rise. ”The Monetary Policy Committee has decided to maintain its current policy stance,” the committee said in a statement released after […]

EMELIA SITHOLE, Johannesburg | Friday 5.00pm. US equity markets and local currency blues should continue setting the pace for the South African stock market next week with portfolio managers bracing for further volatility. Portfolio managers said although local equities looked relatively cheap following recent losses and a depreciating rand, investors were slow to take the […]

OWN CORRESPONDENT , Washington | Friday 9.00am. UNITED States President Bill Clinton called the border conflict between Ethiopia and Eritrea ”senseless” and urged them to back down from armed confrontation. The two Horn of Africa nations, Ethiopia and Eritrea first came to blows two years ago when a dispute over border territory erupted into a […]