ZIMBABWE’s foreign payment arrears have climbed to at least $350-million dollars, raising the prospect of a default on its external debt and further fuel shortages, the Financial Times reported on Wednesday. It said the deficit relates to payments for goods already dispatched to Zimbabwe and for orders not yet sent. Citing bankers it added that […]
ALAN FINLAY & Reuters, Johannesburg | Friday 4.00pm. THE rand was rocked to a fresh record low of R7,01 against the dollar on Friday, in the wake of a strengthening dollar and growing fears of the potential impact on South Africa of political unrest in Zimbabwe. However by late afternoon it had recovered marginally and […]
OWN CORRESPONDENT, New York | Friday 8.50am. THE United Nations was in touch with major military powers on Thursday to bring its peacekeeping force in Sierra Leone rapidly to full strength after rebels there took more UN staffers hostage. “We are in discussions with the British and the Americans and I also raised this issue […]
OWN CORRESPONDENT, Johannesburg | Friday 10.00am. NEGOTIATORS in close contact with Muslim rebels holding 21 people hostage in the Philippines, including two South Africans, said on Friday that all the hostages are still alive. They have apparently been moved to a single location after being split into smaller groups earlier this week. Negotiators said medical […]
OWN CORRESPONDENT, Bulawayo | Friday 1.30pm. PRESIDENT Thabo Mbeki and Zimbabwean President Robert Mugabe greeted each other with bear hugs in Bulawayo on Friday ahead of the Zimbabwe International Trade Fair. The two leaders walked hand-in-hand along a red carpet and waved to a crowd of about 200 of Mugabe’s supporters before being whisked off […]
DURBAN Roodepoort Deep announced on Wednesday that executive chairman Roger Kebble is standing down and would become a non-executive director of the company. It said that Mark Wellesley-Wood will take over the reins as non-executive chairman and Mike Prinsloo will remain as chief executive officer. Wellesley-Wood, a mining engineer with 20 years experience in investment […]
DAVID SHAPSHAK, Johannesburg | Friday 9.15pm. THE Cats engineered a late fightback to beat the Blues 34-27 win at Ellis Park Stadium in Johannesburg on Friday. The home side were trailing 20-22 with 13 minutes remaining, before fullback Thinus Delport set up two tries, capping a sterling performance which saw him make the only try […]
ROB DAVIES, Cape Town | Friday 2.00pm. THE Cats will face up to the Auckland Blues at Ellis Park on Friday night looking for a maximum haul to steer them closer to a play-off spot as the Super 12 enters its final two rounds. After a disastrous tour of the Antipodes, the Cats have managed […]
OWN CORRESPONDENT, Johannesburg | Thursday 4.35pm NEW car sales in April were encouraging despite the number of public holidays during the month, according to the National Association of Automobile Manufacturers of South Africa. Latest figures released by Naamsa showed that 14827 new passenger cars were sold in April, some 1354 units or 10% more than […]
JULIA Mashele and her co-accused Johannes Makhanye were acquited and discharged on 32 counts ranking from theft to kidnapping and murder in the Pretoria regional court on Friday morning. Mashele and Makhanye, who were alleged to have been involved in organised crime in the Soshanguve area north of Pretoria, hugged each other as the public […]