OWN CORRESPONDENT, Johannesburg | Wednesday 6.00pm. A POSITIVE finish on Wall Street and sturdier domestic bond and rand markets jacked up shares on the JSE for the second session in a row on Wednesday, but stocks soon gave away some opening gains. Diamond giant De Beers , the exchange’s third biggest stock by value, jumped […]

THE Kenyan Football Federation (KFF) has been plunged into a deep crisis. On Monday, five of the eight National Executive Committee (NEC) members resigned en masse and called on the government to appoint a caretaker committee to run soccer in the country. The resignation follows the KFF’s failure to hold its national elections on February […]

THE Congress of South African Trade Union (Cosatu) on Friday afternoon said that President Thabo Mbeki’s announcement that three key protective labour laws will be amended to soften their rigidity comes as no surprise to the federation. Speaking in Cape Town, Cosatu general secretary Zwelinzima Vavi stressed the federations intentions to “engage vigorously” in discussions […]

AT least 30 people were killed when an Angolan army helicopter crashed at the weekend in the southern province of Huila. Angolan media reported that twelve people, including crew members, survived the crash. The helicopter hit the ground soon after it took off from the air base at the province’s main town Lubango on Saturday […]

FLOODING caused by torrential rain over the past three days has left hundreds of families homeless in the Mozambican capital Maputo. Maputo mayor Artur Canana said houses in the poorly maintained suburbs are under water and many roads impassable. In the nearby city of Matola, many houses are also under water. The rains have cut […]

THE National Union of Metalworkers of South Africa is due to negotiate with Volkswagen South Africa management to reinstate 1300 workers dismissed last week after an illegal strike at the Uitenhage plant. VWSA, who issued an ultimatum to workers to return to work or face dismissal, on Thursday fired 1300 employees for not heeding to […]

RANDGOLD Resources reported an after-tax loss of $14,02-million for the quarter ended December 31, nearly double its loss of $7,5-million in the previous quarter. The London-listed company said Syama, in Mali, the company’s only operating mine, had been beset by problems during the quarter. These included power disruptions, heavy rains, down time due to the […]

TOYOTA South Africa denied that it is linked to the taxi rebels threatening to disrupt the government’s plans to reshape the beleaguered industry. “I want to state categorically that Toyota South Africa is fully supportive of the government’s concept of taxi industry recapitalisation which has as its prime focus affordability for commuters and the overall […]

THE US, led by new captain John McEnroe, fought back from 2-1 down to beat Zimbabwe 3-2 on Sunday and reach the quarter-finals of the Davis Cup. Cup debutant Chris Woodruff applied the killer touch after world number one Andre Agassi had beaten Byron Black in straight sets, knocking off Wayne Black 6-3 6-7 6-2 […]