THE Johannesburg Stock Exchange announced on the weekend that it is extending the deadline for the introduction of the pilot phase of its new electronic settlement system, Strate, to the end of the third quarter of this year. The JSE said the extension will not impact on the Y2K projects of the JSE, or anyone […]
FIVE thousand miners from ERPM gold mine on the East Rand are to be retrenched with immediate effect, SABC news reported on Monday. This follows government’s refusal to assist the mine with bridging finance of R18-million, the broadcaster said. ERPM has been in serious financial crisis since 1990 but the government has spent R450-million in […]
THE South African Local Government Association on Tuesday suspended its financial manager Carol Mpapele following his arrest on Monday on corruption charges. Mpapele briefly appeared in the Pretoria Magistrate’s Court on Monday afternoon after he allegedly received a bribe from an IT company that was contracted to install network cables at Salga’s new offices in […]
OWN CORRESPONDENT, Johannesburg | Friday 3.15pm. BANGLADESH will choose a new national cricket coach from either South Africa or Australia following the controversial departure of West Indian Gordon Greenidge, reports said on Friday. “We are expecting the new coach either from South Africa or Australia,” Bangladesh Cricket Board (BCB) president Saber Hossain Chowdhury was quoted […]
OWN CORRESPONDENT, Durban | Saturday 6.00pm. ARGENTINE-BRED El Picha, under jockey Robbie Hill, swept up on the outside to win Saturday’s Durban July. The 12-1 gelding is owned by former trainer Terrence Millard, six times a July winner, and trained by his son-in-law Jeff Woodruff. This was Woodruff’s first July victory. Favourite to win at […]
OWN CORRESPONDENT, Dunedin | Sunday 8.00pm. JONAH LOMU will rejoin the All Black squad on Monday but is unlikely to make the starting 15 for the Tri Nations Test with South Africa next Saturday. Lomu was impressive in the New Zealand A win over the ACT Brumbies in Canberra on Saturday night. But All Blacks […]
MICHAEL METELITS, Johannesburg | Friday 5.30pm. GOOD gold and foreign exchange reserves data failed to make much of an impact on South African financial markets on Friday, although most major indices were up. The Reserve Bank released figures showing gross gold and foreign reserves figures of R35,1-billion rand at the end of June from R34,4-billion […]
ZIMBABWEAN liberation giant Joshua Nkomo, who died on Thursday aged 83, will be buried on Monday. Nkomo, who died at Harare’s Parirenyatwa hospital where he was admitted in May with prostate cancer, will be buried at the country’s national shrine, the Heroes Acre, on the outskirts of the city. Reacting to Nkomo’s death, South African […]
THE riddle of the Lowveld “bear”, sighted last week about 10km outside Nelspruit, was solved this week when the creature showed his bark was worse than his bite. The Lowvelder newspaper reports it was all a case of mistaken identity and the “bear” is a brown bouvier cross-labrador. The dog looks so much like a […]
HUNDREDS of riot police have been deployed in the Zimbabwean capital of Harare as a maize shortage continues to grip this southern African country, once an exporter of the staple crop. Although no explanation has been given by the government, the deployment of the riot squad, which began this week, is seen as an attempt […]