MICHAEL METELITS, Johannesburg | Friday 5.30pm. SOUTH African markets continued to pull back from some recent gains on Friday, ending the week with a whimper. Most JSE indices were marginally down with the exception of gold, which rode a higher bullion price up. Dealers blamed a 127-point loss on the Dow on Thursday for some […]
A PSYCHOLOGIST will appear in court in Cape Town this week for stealing a Roy Lichtenstein painting from parliament. According to the Sunday Times, the 54-year-old man will be tried for theft after he boasted at a dinner party that he casually walked out of parliament with the pop art painting under his arm. The […]
THE price of petrol is to rise by 13 cents a litre on Wednesday. The Central Energy Fund said the wholesale price of diesel will rise by 11c per litre and illuminating paraffin by 14c/l. Reacting to the announcement, the Automobile Association enewed its call on government to reduce the Equalisation Fund levy component of […]
YEAR-END financial results for IT group Mustek reflected a 43% growth in headline earnings to R85,85-million in the year to end June, as opposed to 1998’s R60,18-million. This was Mustek’s second year as a listed company. Turnover increased by 17% to R1,285-billion from R1,101-billion. Working capital increased substantially at the year-end. Large orders supplied to […]
POLICE in the Liberian capital Monrovia have arrested 30 members of a Christian religious sect, accusing them of incest, local radio reported on Sunday. The radio, quoting Police Director Paul Mulbah, said those arrested were members of the controversial Never Die Church, which he said promotes sexual promiscuity. The arrest followed a radio talk show […]
MICHAEL METELITS, Johannesburg | Monday 5.30pm. NO news is apparently slightly bad news, as the lack of market-shaking announcements saw most JSE indices and bonds move mildly lower on Monday. While economic data is due for release on Tuesday, caution and slow trading atmosphere kept any movements marginal on the JSE. Andile Mazwai of Barnard […]
ANDY COLQUHOUN, Johannesburg | Monday 6.00pm. Falcons 18, Free State 7 AH, the best laid plans of mice and men! Free State were supposed to win this at a canter and finish comfortably top of the log and earn a home semi-final. But someone should have told the Falcons. Or rather, someone should have told […]
LOW gold prices, strikes and lack of co-operation from the Namibian Government threaten the existence of AngloGold’s Navachab gold mine at Karibib, it emerged this week. Navachab announced in Windhoek on Wednesday that plans for the extension of the open pit at the mine are likely to be shelved. AngloGold Executive Officer for Africa Ian […]
THE government will spend 20% less than originally planned on its arms procurement programme. Defence Minister Patrick Lekota told SABC radio news that the proposed R29-billion resupply programme for the SA National Defence Force will be slashed by between R5-billion and R6-billion. Lekota said the reduction will be achieved through renegotiating deals with suppliers, and […]
OWN CORRESPONDENT, Johannesburg | Saturday 4.30pm. JASON GILLESPIE’S rich haul of four wickets demolished India’s batting Saturday as world champions Australia easily defeated India for the second time in a week in a three-nation cricket championship. After scoring 253 runs in 50 overs, Australia bowled out India for 211 in 48.3 overs. India also was […]