OWN CORRESPONDENT, Johannesburg | Thursday 9.00pm. DALY’S Insurance sailed superbly on the fifth day of the Lipton Challenge Cup in Algoa Bay on Thursday, scoring their first victory and the overall lead going into the final day on Friday. In their eagerness to get off to a good start on Thursday the entire fleet was […]
OWN CORRESPONDENT, Cape Town | Thursday 8.30pm. THREE people have been detained for questioning in connection with Tuesday night’s bombing at Planet Hollywood in Cape Town in which one person died and 27 were injured. Detective-Superintendent John Sterrenberg told the eM&G that police, responding to an anonymous tip-off, detained a man and two women as […]
SARAH BULLEN in Johannesburg | Tuesday 6.00pm. SOUTH Africa is experiencing a slowdown in economic activity, with economic growth weak and the current indicator of employment in the formal sectors of the economy having declined to its lowest level in nearly twenty years, was the word from Reserve Bank governor Chris Stals on Tuesday. Announcing […]
SARAH BULLEN in Johannesburg | Wednesday 5.30pm. THE Johannesburg Stock Exchange lost 8% of its value this morning in a massive crash — but recovered somewhat in the late afternoon to close with losses of 6,21% — still one of the year’s largest falls. At midday all indices had taken some of their worst falls […]
SARAH BULLEN, Johannesburg | Tuesday 5.00pm. THE inflation rate — the annual rate of change in the Consumer Price Index — was 6,6% at July 1998, the latest figures from the Central Statistical Services released on Tuesday indicate. This rate is 1,4 percentage points higher than the annual rate of 5,2% calculated in June, largely […]
SARAH BULLEN in Johannesburg | Wednesday 4.00pm. THE Johannesburg Stock Exchange had lost 8% of its value by 3.50pm on Wednesday, with shares gaining downward momentum by the minute as the fall assumes crash dimensions. All indices have taken some of their worst falls on record, with the financial index plunging 8,81% (868 points) and […]
SARAH BULLEN, Johannesburg | Monday 7.45pm. GROSS domestic product rose an annualised 0,3% in the second quarter this year, slowing down from a 0,5% growth in the first quarter, the latest figures released by the Central Statistical Service on Monday indicated. ING Barings chief economist Kristina Quattek said the weak GDP growth figure give an […]
OWN CORRESPONDENT, Cape Town | Monday 6.45pm. A HANDFUL of supporters gathered outside the Cape Town High Court on Monday waving placards in support of former anti-apartheid activist and cleric Allan Boesak who entered his first day on trial for 32 counts of fraud and theft. Forensic accountant Dawn King gave comprehensive details of the […]
SWAPNA PRABHAKARAN, Durban | Monday 7.00PM THE brother-in-law of Health Minister Nkosasana Zuma was arrested in KwaZulu-Natal on the weekend on suspicion of large-scale misappropriation of health department funds. Sipho Ngxongo, the director of health in Empangeni on KZN’s north coast, was arrested on Saturday in connection with R3,5-million which is missing from his department’s […]
SARAH BULLEN, Johannesburg | Tuesday 5.00pm. THE inflation rate — the annual rate of change in the Consumer Price Index — was 6,6% at July 1998, the latest figures from the Central Statistical Services released on Tuesday indicate. This rate is 1,4 percentage points higher than the annual rate of 5,2% calculated in June, largely […]