MOZAMBIQUE police arrested four people who allegedly stole about 8,5km of electric cables that feed power to the Mozal smelter south-west of Maputo. The cables were stolen last week and not all of them have been recovered, Maputo provincial police spokesperson, Joao Machava said on Wednesday. He said that police seized some highly sophisticated equipment […]
OWN CORRESPONDENT, Johannesburg | Wednesday 5.40pm GOLD and resources stock stole the limelight on the markets on Wednesday, ending with sturdy gains in an otherwise softer market, troubled by a fall in the rand to near all-time lows on the dollar and softer international equity markets. Commodity counters clock up hefty gains thanks to healthy […]
JOHN MEHAFFEY, London | Wednesday 1.20pm INTERNATIONAL Cricket Council delegates dismissed corruption allegations against their president Jagmohan Dalmiya at the start of a two-day meeting on Tuesday to discuss the match-fixing crisis rocking the sport. At a media briefing after the first day of the emergency meeting, ICC chief executive David Richards said Dalmiya played […]
SHAREHOLDERS of financial group Liberty Life on Tuesday gave the go-ahead for its name to be changed to Liberty Group. The company said this will better reflect the broader financial services business mix it offers. The name change will come into effect after JSE approval.
OWN CORRESPONDENT, Harare | Tuesday 5.40pm THE Reserve Bank said it hopes to hand over a report outlining its recommendation on Nedcor’s hostile takeover bid for Standard Bank to Finance Minister Trevor Manuel this week. ”We have after consultation with the Competition Commission and input from the various banks concerned…written a report making our recommendation,” […]
RESTRUCTURING of the Liberia’s national army began this week with a process of “redocumentation”. Chairman of the 28 member Restructuring Commission Blamo Nelson said the exercise will determine the present strength of the army and “who is in the army.” “All persons mobilized into the army in the wake of the December 24, 1989 incursion […]
JONAH Lomu failed on Tuesday to have a two-match ban for a dangerous tackle overturned. All Black winger Lomu, cited after a Super 12 match between the Wellington Hurricanes and New South Wales Waratahs in Sydney on Saturday, said he was disappointed with the verdict. Lomu went to the Australian Rugby Union’s headquarters hopeful of […]
STAKEHOLDERS in the West African Gas Pipeline project will take a final investment decision on the project within the next nine months, a leading Ghanaian energy official said on Thursday. Ghana, Nigeria, Benin and Togo are jointly sponsoring the $400-million pipeline project which entails construction of over 600 km of pipeline that will supply about […]
THE International Committee of the Red Cross on Tuesday said it has begun delivering food by plane from Nairobi to Dire Dawa in Ethiopia to help victims of drought there. The ICRC said the deliveries will be made daily. The food is destined for people in Gudis and other villages in the southeastern Imi district, […]
SWITZERLAND has said that it began selling off excess gold reserves on May 1, but analysts and traders expect little price reaction from the market which they say is been poised ready to absorb the sales. Last week, the Swiss National Bank reaffirmed plans to start selling 1300 tons, about half its gold reserves, as […]