STEVEN MANN, Cape Town | Thursday 5.30pm. THE government reaped R7,7-billion rand from privatisation in the 1999/2000 financial year, R3,7-billion more than was orginially budgeted for. Addressing Parliament, Finance Minister Trevor Manuel said this and favorable lending conditions have enabled the government to cut debt servicing costs to 5,5% of GDP, making more resources available […]
OIL prices continued to rise in early trading on Thursday following renewed concerns about tightness of supplies. In London, the price of benchmark Brent crude for July delivery edged up nine cents to $28,70 a barrel. Dealers attribute the increase mainly to the latest US data on supplies, although they add that speculative buying is […]
THE South African Chamber of Business and Standard Bank are launching a monthly trading conditions survey, which will be published as the Trade Activity Index. The index will relate current economic activity to an economic forecasts index for the next six months. The TAI will be the third economics index in South Africa, after Sacob’s […]
OWN CORRESPONDENT, Cape Town | Thursday 1.15pm. SOUTH African national soccer coach Trott Moloto has had to make some last-minute changes to the Bafana Bafana side that jets to Malta tonight. Aaron Mokoena, defensive star of the Amaglug-glugs, has been given an urgent call to join the team which will play Malta as part of […]
JOURNALISTS at the trial of Apartheid chemical expert Wouter Basson have been refused entry to the former South African National Defence Forces’ Special Forces headquarters in Pretoria on Thursday morning. That’s after the trial moved to Valhalla, where three state witnesses identified places where apartheid hits squads were conceived. Basson said he was suprised that […]
MALBAK, the packaging group owned by Rembrandt, has annuonced that it has bought Low & Bonar, the second biggest carton converter in the UK. According to the Business Report the deal is worth 80-million. Malbak said that the acquisition is in line with its strategy of focusing on folding cartons in the UK and Europe. […]
NATIONAL water affairs and forestry minister Ronnie Kasrils will be tackled next Tuesday over the unresolved problem of squatters in the sensitive Dukuduku Forest near St Lucia. KwaZulu-Natal’s agriculture and environment MEC, Narend Singh, said on Wednesday that he would personally meet with the minister to find out why the matter had not been settled. […]
DIMENSION Data, South Africa’s biggest IT group, has bought the leading US network integration company Integrated Systems Group for $70-million. The group said the acquisition gives it instant credibility in the highly competitive New York market. The deal is effective from June and subject to certain conditions will be sealed with an immediate $35-million cash […]
THE Canterbury Crusaders on Thursday named the side that will defend their Super 12 title at this weekend’s final against the ACT Brumbies at Canberra’s Bruce Stadium. Scrumhalf Justin Marshall remains sidelined by a calf injury and he will again be replaced by newcomer Ben Hurst, who made a fine Super 12 debut during last […]
THE Post Office said on Thursday that it is setting up a pilot project that aims to sell postage stamps over the internet. It is hoped the project will be up and running by the end of the year. All the consumer will need is a computer, a printer and an internet connection to buy […]