TUESDAY, 10.30AM UNITED States consumer electrical giant General Electric has signed an industrial and commercial co-operation programme with the department of trade and industry involving an undertaking to generate R2-billion in commercial, economic and industrial benefits to the SA economy during the next 10 years. GESA executive Michael Hendry said the money will be spent […]
TUESDAY, 11.30AM FOLLOWING the resignation of five of the seven Independent Broadcasting Authority councillors and the suspension of CEO Harris Gxaweni, accounting firm Deloitte & Touche has been appointed to take over the authority’s finances and administration. And Bronwen Keene-Young, head of the IBA’s monitoring and complaints department, was appointed as the body’s acting CEO […]
TUESDAY, 11.30AM The gold price came under pressure yesterday as investor sentiment turned negative following a German central bank announcement that it is re-evaluating its reserves. With the addition of late profit-taking, the metal closed at just over $340/oz in London yesterday, slashing the Johannesburg Stock Exchange gold index’s hard-won recent gains 3%. The gold […]
TUESDAY, 4.00PM IN his second day of testimony to the inquest into the death of 19 Inkatha marchers in Johannesburg city centre on March 28 1994, former African National Congress deputy security chief Gary Kruser on Tuesday admitted he had lied to police, the attorney-general’s office and the Goldstone Commission during investigations into the shooting […]
TUESDAY, 11.00AM: SOUTH AFRICA’s and Zimbabwe’s under-20s will meet for a two-match friendly international series in Zimbabwe next week, in preparation for the upcoming World Youth Championships in Malaysia. South Africa’s United Warriors will leave for Malaysia to represent Africa in the tournament from June 12 to July 5, along with Morocco, Zambia and Ghana. […]
TUESDAY, 5.30PM DEPOSED Zairean dictator Mobutu Sese Seko, who fled to Togo as Laurent Kabila’s rebels consolidated their control over the country, is reportedly in a very weak state of health and overstaying his welcome in the tiny West African state. Mobutu’s arrival in Togo caught his old friend, fellow francophone dictator Gnassingbe Eyadema, off […]
TUESDAY, 9.00AM: THE British Lions management met with the South African Rugby Football Union’s general manager of refereeing and the chairman of the SA Referees’ Society on Monday to settle issues of refereeing before the 12-match tour begins. “What I don’t want to do is find out we’ve got problems on the field. What I […]
MINE VIOLENCE LOOMS THE National Union of Mineworkers has called on police to prevent violence between its own members and a militant rival group called Workers Mouthpiece at the Amplats mine in Rustenburg. The NUM accused mine management of collaborating with the “small gang”, resulting in assaults on its branch leaders. SWAZI PAPER THREATENED THE […]
TUESDAY, 11.00AM: NEARLY 13 700 runners have entered the 1997 Comrades Marathon, to be run on June 16 from Pietermaritzburg to Durban, in KwaZulu-Natal. A record 203 of the runners are foreigners, from neighbouring African states, America, Britain, Austria, Australia, Japan, Cuba and The Gambia. Comrades Marathon Association chairman Adrian Stowell said the response from […]
TUESDAY, 11.30AM THE Reserve Bank’s foreign exchange control division may be used to fight rampant money laundering as government progressively lifts foreign exchange control restrictions. It is believed that discussions have taken place on the possibility of using the Bank’s exchange control division to police money laundering activities once restrictions are lifted. Registrar of Banks […]