ANDREW MUCHINERIPI, Johannesburg | Monday 10.00am. IT IS tighter than a rush-hour Bree Street taxi queue at the top of the Castle Premiership standings with just one point separating the first 10 clubs. Defending champions Sundowns lead Free State Stars on goal difference and there are eight clubs one point behind, including mighty Kaizer Chiefs […]

TELKOM and the SA Post Office on Monday reported that most Communication Workers’ Union members who took part in a pay strike last week had returned to work. Telkom in a statement said the union was consulting its members on the company’s latest offer a 5,5% rise in the total pay package of supervisors, 6% […]

ZAMBIAN police confirmed on Tuesday that four masked men armed with an AK47 assault rifle snatched $248000 from seven European and American tourists near Gwabi Lodge in Zambia’s Kafue district. Police who rushed to the scene had to abandon their search after their patrol vehicle ran out of petrol. Police blamed local villagers for shielding […]

TRANSPORT parastatal Transnet has bought the Carlton Centre in the Johannesburg central business district for an amount of R32-million. Beeld reports that Transnet managing director Saki Macozoma on Monday said some 2500 head office employees will be relocated to the centre during the next two years. Macozoma said the move to the centre and the […]

LIBERTY Life on Thursday unveiled its plans to unbundle its stake in Standard Bank Investment Corp (Stanbic) worth R6,25-billion ($1-billion), another step in a drive to focus on core business. Liberty said it plans to distribute to shareholders next month its 27,4% interest in Stanbic as it hones its operations around financial services and simplifies […]

SARAH BULLEN, Cape Town | Monday 5.00pm THE Johannesburg Stock Exchange failed to take advantage of strong domestic data in the form of better-than-expected growth in the second quarter and ended the day just up on its opening levels. At close of trade the all share index had risen just 0,04% despite strong data showing […]

THE Anglo-American Platinum Corporation (Amplats) has signed an agreement encouraging its employees to improve safety health conditions on its mines. The agreement which has been signed between the company and union representatives sets out to implement “zero tolerance towards unsafe acts or conditions.” The agreement is a two-way understanding between labour and management that has […]

FOR the year ending June 30, Net1 Applied Technology Holdings (Aplitec) a technology company involved in the creation of a new national payment system, reported an incredible 521% increase in attributable earnings to R2,98-billion. Fully diluted earnings per share increased by 290% to 16,03 cents per share. Turnover rose by 1046% from R2,1-billion to R24,1-billion. […]

SOUTH African pharmaceutical company Pac-Creative has bought out United Kingdom cosmetics supplier The Body Shop’s Littlehampton manufacturing business. The deal means Pac-Creative will have bought R130-million of The Body Shop’s assets which will be paid for in cash on completion of the sale. The completion of the transaction is conditional on Reserve Bank approval — […]

AFRICAN leaders will next month discuss changing the charter of the Organisation of African Unity to better deal with the continent’s problems. The theme of the September 6-9 meeting in Syrte is “strengthening Africa’s capacity to face up to the challenges of the (new) millennium,” OAU spokesman Ibrahim Dagash said on Monday. Mooted revisions include […]