TUESDAY, 11.30AM THE United States commerce department has made a preliminary finding that Iscor and Highveld Steel have been dumping steel plate in the US market by charging domestic consumers more than US importers. The department imposed duties of 31% and 16% respectively against Iscor and Hiveld to reflect the differences between domestic and US […]
TUESDAY, 10.30AM THE Reserve Bank on Monday waived the requirement for a tax certificate by individuals wishing to move funds into offshore investments. Continuing to set the scene for a general relaxation in exchange controls, Bank exchange control GM Eric Pike confirmed that individuals will now no longer be required to present a tax certificate […]
TUESDAY, 8.00AM FRANCE, which failed so dismally to intervene in the dying days of Zaire, proved yesterday that it is still a power in Francophone Africa by mediating a ceasefire between the Congolese army and the private militia of a former president. French officials announced on Monday night that President Jacques Chirac has extracted agreements […]
TUESDAY, 11.00AM: THE British Lions rugby team has lost yet another player to injury; Scott Quinnell flew home on Monday with a strained groin muscle. Quinnell is the third player to leave South Africa within 10 days, close on the heels of lock Doddie Weir and flyhalf Paul Grayson. Grayson has a hip injury and […]
TUESDAY, 10.30AM The rand weakened to over R4,50 to the dollar on Monday, nearly 2c down on Friday’s close and its lowest level since February 5. The poressure on the local currency comes amid jitters causee by the imminent relaxation of foreign exchange controls. Market analysts believe the rand’s move above R4,50/dollar could see it […]
TUESDAY, 5.30PM LESOTHO opposition parties on Tuesday called for strikes and a civil disobedience campaign in protest at what they call the coup by Prime Minister Ntsu Mokhehle. “We are going to make Lesotho ungovernable and the parliament unworkable,” said opposition leader Tseliso Makhakhe, who is a deputy and president of the ruling Basotho Congress […]
TUESDAY, 11.30AM JOHNNIC’s Ikageng share scheme, involving a R600-million offer of 9,1-million shares in the industrial holding group to “previously disadvantaged” small investors, was 3,5 times oversubscribed, Ikageneg scheme chairman Hazel Ralefeta said on Monday. Launched by the National Empowerment Consortium, Johnnic’s new black controllers, in April, the Ikageng scheme raised R190-million before its close […]
MONDAY, 1.30PM A SENIOR policeman has implicated either former state president PW Botha or his police minister Louis le Grange in interfering in the 1986 prosecution of Witdoek vigilante leader Johnson Nxobongwana, in testimony before the truth commission. Testifying at a commission hearing into violence in Cape Flats squatter camps in the 1980s, Western Cape […]
MONDAY, 2.30PM THE OAU observer mission has said the Algerian poll last week was conducted quietly and calmly and the 70 members of the team are satisfied they were generally fair. Turnout at the polls reached 65,4%, despite boycott calls by militant Muslim opponents of the poll, and victory went to the National Democratic Rally […]
MONDAY, 9.00AM: BAFANA BAFANA have one foot in France, after their 3-0 drubbing of Zambia in the World Cup qualifier before a crowd of 61 000 at the FNB stadium on Sunday. South Africa’s convincing three-goal victory will take them up against Congo on August 16 in their last qualifier before the World Cup in […]