ALAN FINLAY & Reuters, Johannesburg | Wednesday 11.20am. LOCAL markets slumped in early trade on Wednesday, as investors took a dim view of a US rates hike of 50 basis points, which boosted the Dow Jones overnight. Analysts say the hike may put pressure on the rand and result in an interest rates hike in […]
A 30-YEAR-OLD University of Durban-Westville student has died after being hit by a rubber bullet during a skirmish between students and police on the campus earlier in the day. That’s after about 200 students went on the rampage, overturning a security vehicle, breaking windows and trashing rubbish bins. The violence was sparked by a disagreement […]
SHANE Warne’s first season in English cricket has, so far, been a humbling experience. The Australian test spinner, recently voted one of the Five Cricketers of the Century in a Wisden Cricketers’ Almanack poll, currently leads the “Battle of the Bunnies” – a contest to find the worst first-class batsman in the country. Warne has […]
BRYAN PEARSON, Harare | Wednesday 7.00pm. VIOLENCE in Zimbabwe threatened to spiral out of control ahead of next month’s general elections, with police reporting one death and numerous injuries in bloody clashes in the capital and a chaotic rampage by militant war veterans through farmlands in the east. The clashes came as the main opposition […]
CRUDE prices slipped lower in midday trading on Wednesday following the publication of US supply figures and as the market digested comment from the world’s leading producer Saudi Arabia about expected output levels. In London, the benchmark Brent crude for July delivery was trading three cents lower at $27,8 a barrel. In New York on […]
OWN CORRESPONDENT, Cape Town | Wednesday 4.00pm BAFANA Bafana coach Trott Moloto has had to throw continuity out the back door in naming the Bafana Bafana side to face Malta in a centenary-celebration friendly before flying to the US to compete in the Nike Cup. Moloto would have liked to stick with the side that […]
PRESIDENT Thabo Mbeki flew to Britain late on Tuesday for a two-day visit which will be followed by a five-day tour of the United States. Mbeki will attend the third meeting of the United Kingdom/South Africa bilateral forum on May 18 and 19 and will holds talks with Prime Minister Tony Blair, likely to focus […]
WALLABY centre Tim Horan, widely regarded as one of the best midfielders in the game, will quit Australian rugby union later this year and finish his playing career with former Springbok skipper Francois Pienaar’s London club Saracens. Horan announced on Tuesday that he will leave Australia in September after the Tri-Nations series, ending a Wallaby […]
SOUTH Africas Wayne Ferreira got his Hamburg Masters first-round off to a flyer when he knocked out Australian Pat Rafter on Tuesday. Ferreira was in fine fettle, ousting the 11th-seeded Rafter 6-4, 7-5 to reach the second round of the $2,95-million, the fifth Masters Series event of the year. The 25th-ranked Ferreira made the perfect […]
OWN CORRESPONDENT, Johannesburg | Wednesday 3.45pm. ESKOM, the electricity parastatal, has managed to cut its municipal debt by more than two-thirds in four years, due in part to a tougher stance against defaulting municipalities. In 1996 it stood at R1,54-billion, but Eskom’s Butana Nkosi said on Wednesday it is now at the R450-million mark. Nkosi […]