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 […]
MONDAY, 1.30PM THE 10th annual conference of the Convention on International Trade in Endangered Species of Fauna and Flora (Cites) kicks off in Harare on Monday, with the call by Botswana, Zimbabwe and Namibia for a limited resumption in the international ivory trade expected to dominate proceedings. For the next 10 days, representatives from 136 […]
MONDAY, 11.00AM: THE South African Protea women’s netball team beat the Australian Institute of Sports 60-54 in Perth on Saturday, in their last match before they face the World Champions Australia in the third and final Test match on Wednesday. Team manager Lorraine Lewis said: “The team played a more relaxed game. It has given […]
MONDAY, 2.00PM: THE National Sports Council has criticised the new draft Sports Bill, saying it will detract from the current autonomy of sporting bodies in South Africa. The draft Bill, if passed, will give the Department of Sport effective control over all sport, and proposes to establish 30 statutory national and provincial bodies to monitor […]
MONDAY, 12.00NOON SIERRA LEONE rebels have won back the airport from Nigerian troops, preventing an air strike against them. The Nigerians have dithered over their promised attack against Freetown, allowing the rebels to strengthen their position. The rebels claim to have captured two Nigerian officers who had landed with a cargo of machine gun shells […]