THREE bandits suspected of attacking six American tourists in the world-famous Maasai Mara Game Reserve in southwest Kenya this week appeared in court on Saturday and admitted the charge. The suspects, arrested by Kenyan security forces early Saturday in a bush den on the Kenyan-Tanzanian border were remanded in custody. Police said that the three […]
ANGLOVAAL Mining announced on Friday that it is increasing its stake in Avgold by 15% to 60%. Avmin said following various corporate deals during the past 18 months its interest in Avgold has diluted from a holding of 50,2% to 45%. ”As Avmin regards its gold investment as core business area, the board of directors […]
GAUTENG’s new Premier Mbhazima Shilowa named his provincial executive committee on Friday afternoon. Notable by their absence from the new executive are former housing MEC Dan Mofokeng and local government MEC Sicelo Shiceka, as well as previous premier Mothole Motshekga. The only incumbent to retain his portfolio was finance and economic affairs MEC Jabu Moleketi. […]
FOLLOWING the drop of the repo rate, or Reserve Bank overnight lending rate, to 15,222% on Thursday, a rate cut has become imminent. The repo rate is now close on 400 points lower than the current prime lending rate of commercial banks, at 19%. At present, such a 400 point margin usually triggers a prime […]
UGANDA is accusing the Sudanese embassy in neighbouring Kenya of coordinating bomb and grenade attacks which have left 55 people dead and 183 injured in Kampala since 1997. In the past, Sudan has accused Uganda of supporting the rebel Sudan People’s Liberation Army and Kampala in turn accuses Khartoum of backing rebels fighting the Ugandan […]
DEON POTGIETER, Johannesburg | Sunday 3.00pm. MZUKISI Sikali lost his World Boxing Union junior bantamweight world title on a split decision in Italy on Saturday night. “Sikali practically killed their guy,” said Michau Hazleman, Sikali’s manager. “One of the judges gave the fight to Sikali by eight points and the other two gave it to […]
THE Congress of South African Students (on Thursday re-affirmed its commitment to make the Western Cape “ungovernable” if the African National Congress was not given control of the province. Cosas provincial deputy chairperson Mailibongwe said in Athlone that they would hold meetings on Thursday and Friday with students to discuss the coalition impasse. Asked if […]
STRONG profits and sales gains reported on Thursday by Swiss luxury goods and tobacco group Richemont confirmed a rebound in key Asian markets and helped lift luxury goods stocks in early trading across Europe. Richemont posted a 19,6% gain in attributable profit for the year ended March 31, driven largely by higher earnings in its […]
A STUDENT at Yaounde University in Cameroon has isolated an active substance, drawn from a tree native to Cameroon, that may be effective against Aids, the university said in a statement on Saturday.”The solution to problems provoked by Aids may come from Yaounde University,” rector Jacques Fame Ndongo said, adding that the substance apparently prevents […]
A UNITED STATES-based technology research firm ranks South Africa’s cellular phone service as amongst the world’s most expensive, along with Brazil, Colombia, India and Mexico. The Yankee Group’s finding is based on a comparison of purchasing power, or how expensive cellular service is compared to other standard goods and services in any particular country, rather […]