BRONWEN ROBERTS, Pretoria | Thursday 4.30pm THE Reserve Bank will no longer protect the rand against depreciation but concentrate instead on meeting the government’s inflation targets, governor Tito Mboweni said on Thursday. “We are not entering the market to defend a particular level of the rand/dollar exchange rate,” Mboweni told parliament’s finance committee. “The exchange […]
AN SAA airbus skidded off a Lusaka airport runway just after 1pm on Wednesday. Weather conditions were apparently terrible and the plane came to a halt in thick mud next to the tarmac. Nobody was injured and airport staff successfully evacuated 142 passengers and seven crew members from the airbus.
SHARES in synthetic fuels firm Sasol maintained a strong rally on Thursday amid rising oil prices and favourable market reaction to solid interim results. The company said on Tuesday that its headline earnings per share in the six months to December 25, 1999, had risen by 34% to 251 cents. The company, which saw its […]
THE Weather Bureau says there’s a good chance Mozambique could be hit by a second cyclone within the next week. Weather Bureau spokesman Bheki Mkhize told ZA*NOW that Cyclone Gloria, currently raging over the northern tip of Madagascar, will probably reach Mozambique by next Wednesday. “We expect Gloria to move over the Mozambique channel by […]
OWN CORRESPONDENT, Johannesburg | Wednesday 6.25pm. RAYMOND White, who quit last month as president of the United Cricket Board of South Africa, launched a stinging attack on the country’s cricket administrators, accusing them of causing the sport to “fracture along racial lines.” White, who opted out on February 11 after being accused by a UCB […]
BETSIE Verwoerd, the widow of former apartheid architect Hendrik Verwoerd, has died in Orania at the age of 98. “She died in the presence of family members without sickness and pain,” her family said in a statement sent from her home in the whites-only town of Orania where she had lived for the past eight […]
RETAIL and wholesale group Wooltru said on Thursday it expected flat earnings for the year after reporting a 5% dip in interim results due to poor growth at some of its subsidiaries. “Although certain benefits will accrue in the current year, earnings for the year to June 2000 are unlikely to exceed those in 1999,” […]
CHICKEN fast food chain Nandos has withdrawn its latest television advert after protests by blind people led to a hearing at the Advertising Standards Authority (ASA) offices. The advert depicted a guide dog deliberately lead its blind owner into a pole to get at her take-away chicken. The ASA will announce its verdict on Wednesday.
ACCUSED Wemmer Pan serial killer Cedric Maupa Maake was found guilty of a further 15 charges – including murder, attempted murder, rape and robbery – in the Johannesburg High Court on Wedenesday. Judge Geraldine Borchers is still to deliver judgment on nearly 100 other charges. On Tuesday Maake, considered one of the country’s worst serial […]
MORE than 40% of Africans live on less than a dollar a day, according to World Trade Organisation (WTO) figures announced at a conference of the Common Market for Eastern and Southern Africa (Comesa). A WTO delegation representative told Egypt’s government Al-Akhbar newspaper that poverty is “the most serious problem afflicting the African continent.” The […]