FORMER rebel leader Arthur Zahidi Ngoma, who last week quit the Democratic Republic of Congo rebel movement, announced on Monday that he will continue to oppose President Laurent Kabila through a newly formed unarmed group.”We have set up with Congolese people abroad and within the DRC, the Union of Congolese for Peace (UCP),” said Ngoma, […]

ALGERIAN authorities denied late on Sunday a report that 70 bodies have been recovered from a well on the outskirts of Algiers.The civil protection service said that while a search has begun with the assistance of security forces, no bodies had been found. The daily Liberte reported earlier on Sunday that the remains of 70 […]

THE centre-left Peoples Democratic Party (PDP) of former military ruler Olusegun Obasanjo won an overall majority in both houses of the new Nigerian parliament, according to unofficial results compiled on Monday. The PDP held 56 seats in the 109-seat senate with some states still to return results and 181 seats in the 360-seat House of […]

CAPE Town was largely brough to a standstill on Monday when a power cut left hundreds of thousands of commuters stranded and hospitals without power. SABC news reported on Monday evening that city hospitals were unable to perform operations and some outpatient departments had to be closed. The cut, which started at 11pm on Sunday […]

SOUTH Africa’s total outstanding foreign apartheid debt amounted to just R235,8-million, finance Director-General Maria Ramos said on Monday. Addressing a National Assembly finance committee hearing, Ramos said loans taken out by the present government were unlikely to be open to renegotiation. Her comments come amid growing calls for South Africa’s apartheid debt to be written […]

CHARGES against alleged international slave trader, Joseph Amos Nkuna, were temporarily withdrawn in the Tonga Magistrate’s Court near Komatipoort in Mpumalanga on Tuesday, for further police investigations. Superintendent Thys Loedolff said on Friday that police need more time to investigate allegations that 39-year-old Nkuna was part of a Witbank-based syndicate that sold illegal Mozambican and […]

IN a move that will make it the largest individual financial planning business in the country, Alexander Forbes on Thursday said it had acquired the Fincorp business from Brait. A team of 19 people from Fincorp, headed by Vernon Cresswell, will join Alexander Forbes with effect from January 1. The expanded Alexander Forbes financial planning […]

VETERAN spinner Pat Symcox was roasted by the New Zealand press for delivering a ball which meant the Black Caps would win Saturday’s third limited-overs match and deny Nathan Astle his century. Symcox bowled a leg-side wide which went to the boundary when New Zealand needed a six to win and Astle was on 95. […]

CALIFORNIAN aeronautical engineers will attempt, for the fifteenth time, to launch South Africa’s first satellite, Sunsat on Tuesday. After the last aborted launch the power and control boxes as well as electronics package have been replaced and technicians are testing the hardware and wiring before attempting another launch, the Boeing company said on Saturday. The […]

THE directors of flailing New Republic Bank Holdings agreed in principle on Sunday to accept an offer by the managers of NRB asset management (NRBAM) to purchase their Johannesburg-based private client equity asset management division. NRB was placed under the curatorship of the Reserve Bank in the beginning of February after a run on its […]