FEARS that new Reserve Bank Governor Tito Mboweni will adopt populist policies are fading, Old Mutual Asset Management head of economic research Rian le Roux said on Thursday. “Financial markets are taking the view that little change is likely given the realities of the economic situation. This is reflected in the stable bond and currency […]
OWN CORRESPONDENT, Johannesburg | Saturday 8.00pm. SUPERSPORT United displayed character when they beat Bloemfontein Celtic 2-1 in a Castle Premier League soccer fixture at the Caledonian Stadium on Friday night, despite finishing a man down. The Bob Save Super Bowl finalists were reduced to 10 men in the 49th minute when national defender Clyde Mahlangu […]
LIQUIDATIONS rose by a signficant 64,3% and insolvencies by nearly 33% in the first quarter of this year, compared with the same period last year, according to figures released on Thursday by Statistics South Africa. The number of liquidations for companies and close corporations rose in the first quarter from 649 to 1066. Compulsory liquidations […]
INDEPENDENT Newspapers Plc said on Wednesday its offer to buy out minority shareholders in South Africa’s Independent Newspapers Holdings Ltd had been accepted. The Irish-based newspaper group said in a statement that it now holds 99,2% of the issued share capital of its South African subsidiary and it intends to acquire, in terms of the […]
JOHNNIC wants to lend Johannesburg’s northern council several million rand to remove an informal settlement perched at the doorstep of Dainfern, an upmarket development. The council and the Zevenfontein informal settlement community have rejected the offer, saying Johnnic wishes to move the camp to economically unviable land. Johnnic has offered to install water, sewage and […]
THE Truth and Reconciliation Commission has issued a statement clarifying the nature of the “prosecution list” it has reportedly handed to National Director of Prosecutions Bulelani Ngcuka. The TRC said that it has met with Ngcuka to plan the “fulfillment of the recommendations of the TRC in its final report”. It said that many of […]
PENTOW Marine’s salvage tug John Ross left Cape Town harbour late on Thursday for the Port Elizabeth area in an attempt to tow a disabled 31000 ton chemical tanker. The Gina, carrying 28000 tons of vegetable oil, suffered major rudder failure on a voyage from Argentina to Durban and requires urgent assistance. According to salvors […]
OWN CORRESPONDENT, Johannesburg | Friday 7.30pm. Health Minister Dr Nkosazana Zuma said on Friday that Aids should be a notifiable disease in South Africa, responding to criticism by Aids activist groups about proposed policies they feel will endanger the privacy of Aids sufferers. She also said attempts should be made to integrate the HIV/Aids “message” […]
LOUIS LUYT’S Federal Alliance will be joined in the June 2 battle for seats in the National Assembly with two other parties with roots in the former homelands. The Dabalorivhuwa Patriotic Front was formed in 1998 by former civil servants of the one-time Venda homeland to fight pension issues. The Vukuzenzele Sekusile Party is based […]
AFTER nearly two weeks alleged drug-lord Gavin Carolus will be able to retrieve his impounded assets after a ruling in the Cape High Court on Wednesday. Justice Andre Blignault said that pending the appeal by the National Director of Public Prosecutions against the judgment, which rendered the Preservation of Property Order ineffective on April 15, […]