DEBSWANA, the 50/50 diamond mining partnership between De Beers Centenary AG and the Botswana government, has reported a 21,8% drop in revenue to 5,4 billion pula for the last financial year. The drop for the year ending December 1998 is partially attributed to a 1,7% drop in the carat weight of stones recovered, from 20,12-million […]
MICHAEL METELITS, Johannesburg | Wednesday 5.00pm. SOUTH African markets fell on Wednesday in line with international trends. Overnight losses on Wall Street pulled the rug out from under Asian and European markets, and the signals spread southward from there. The all share lost 57 points, or 0,81%, while industrials lost 59 points or 0,77%. Financials […]
TUESDAY, 12.30PM: BAFANA BAFANA midfielder John “Shoes” Moshoeu has criticised the South African Football Association after two players who were found guilty of indiscipline were sent home from the World Cup in disgrace. Midfielders Brendan Augustine and Naughty Mokoena were sent home after they defied coach Philippe Troussier’s orders, and went nightclubbing until the early […]
FOR Tiaan Strauss, at least, a tie was the perfect result. The former Springbok captain scored a hat-trick of tries on his Australian debut last weekend but found himself battling confusion while watching the thrilling World Cup cricket semi-final between his old country and his new one. Strauss and teammate Jason Little woke up most […]
UNITED States oil giant Texaco has suspended production activities in Nigeria’s Niger delta region after an attack by armed youths demanding compensation for an oil spill, a company official said on Tuesday. “We have suspended scheduled loadings for the week,” the official, who did not want to be named, blaming the decision on the attack […]
AIR Namibia’s recent purchase of a brand new Boeing 747-400 Combi is being challenged by a rival plane manufacturer because a proper tendering process was not followed. Airbus Industrie has asked the German Embassy to help them secure a meeting with the Namibian Government to obtain an explanation on why Air Namibia dumped tender procedures […]
MONDAY, 6.30PM: AMID the gloom and doom of the last three days’ trading, the Johannesburg Stock Exchange denied all odds to execute a sharp turnaround on Tuesday afternoon, gaining 1,2% by close of trade, reports SARAH BULLEN. The edgy market opened flat for most of the morning session, with a slight uptick in afternoon trade. […]
SARAH BULLEN, Cape Town | Tuesday 4.45pm THE Johannesburg Stock Exchange lost some ground on Tuesday on a combination of profit taking after Monday’s strong run and generally lacklustre international markets. Banking and financial stock continued to ride out goodwill spurred by Monday’s prime rate cut, with the index rising 0,53%. The overall market ended […]
STANDARD Bank was the first commericial bank to drop its rates on Monday amid rising speculation that rates would drop before the day end. Some 15 minutes later, at 3.15pm the three Nedcor banks followed suit to drop prime by one percent to 18%. ABSA, First National Bank, NBS, Saambou and BOE in separate statements […]
KENYA’S quality control body on Monday prohibited imports of chicken, pork, eggs and all meat products from Belgium and all Coca Cola products from Belgium, France, Luxembourg and The Netherlands. The measure by the Kenyan Bureau of Standards is apparently aimed at stopping the importation of dioxin-tainted food and contaminated Coca Cola from those European […]