MOST government schools in Zimbabwe’s capital Harare were deserted on Friday as a strike by civil servants entered its third day. Teachers are among thousands of civil servants around the country striking for a 20% cost of living adjustment. Inflation in Zimbabwe is running at more than 50%. President Robert Mugabe on Thursday night described […]
SOUTH Africa’s Oppenheimer gold and diamond dynasty is the world’s 227th richest family, with an estimated $2,2-billion fortune, according to Forbes magazine. Tobacco baron Johann Rupert is number 390 on the list, with a personal fortune of $1,3-billion. Microsoft chairman Bill Gates is still the world’s richest man, with a personal fortune estimated at some […]
THE wife of a Nelspruit magistrate who persistently failed to appear in court on 13 traffic violations, has been rewarded by having the fines against her reduced by half last week. Estelle Smit (39), wife of District Court Magistrate, Piet Smit, paid only R900 for the outstanding fines, instead of the total R1850. Senior public […]
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. […]