WEDNESDAY, 4.00PM NEW Democratic Republic of Congo President Laurent Kabila has agreed to an investigation into reported massacres of Hutu refugees in the east of the country, United Nations secretary-general Kofi Annan said at the final day of the Organisation of African Unity summit in Harare on Wednesday. Annan said Kabila had agreed to “co-operate […]
WEDNESDAY, 1.00PM: The brewing wage dispute between Bafana Bafana players and the South African Football Association has been settled, following negotiations and talks on Monday night. Team manager Glyn Binkin said both parties are satisifed with the outcome. He said: “There will be negotiations before the World Cup but there will not be any more […]
WEDNESDAY, 3.30PM THE Organisation of African Unity has given the West African multinational peacekeeping force Ecomog a mandate to use force to drive out the military regime that seized power in Sierra Leone on May 15. Twenty-nine OAU heads of state ended the OAU summit in Harare on Tuesday with a closed session to discuss […]
WEDNESDAY, 4.30PM FIRED Housing Director General Billy Cobbett officially vacated his post on Friday, a department representative said on Wednesday. He is being temporarily replaced by his deputy Neville Karsen until a new incumbent is appointed. No details of Cobbett’s severance package are available and Cobbett refused to comment, apart from to confirm he had […]
WEDNESDAY, 10.30AM THE Industrial Development Corporation has sold a portion of its stake in oil-from-coal parastatal Sasol to finance its $125-million commitment to a Maputo aluminium smelter project, and will sell off the rest of its 10% Sasol stake over the next few years. Speaking at an interview at the Europe in SA conference in […]
WEDNESDAY, 11.30AM FINANCIAL markets were bullish on Tuesday, boosted by news of record gold and forex reserves, government’s successful Samurai bond launch and lower money market rates. The Reserve Bank’s strong reserves in April pushed long bond rates through key resistance levels and boosted share prices on the Johannesburg Stock Exchange. The buoyant mood in […]
WEDNESDAY, 4.30PM THE Mpumalanga government is to wind up the procince’s Development Corporation and Finance Corporation for failing to perform within the provincial government’s policy framework, acting premier Jacques Modipane said on Wednesday. Modipane added that allegations of corruption in the two bodies necessitated their closure. The MDC ran afoul of the provincial government when […]
WEDNESDAY, 11.00AM: THE Nelson Mandela Inauguration Challenge Cup against Holland kicks off at 7.30pm at FNB Stadium tonight, and newly recalled Bafana Bafana striker Mark Williams will go all out to play his best. “I’m not going to allow myself to be put under pressure. On the contrary, I’m going to enjoy and savour the […]
ONLY $3,5m OF MOBUTU’S LOOT FOUND SWISS banks have found only $3,5-million in assets held by ousted Zairean dictator Mobutu Sese Seko, who siphoned off billions during his 30-year rule. The assets so far found include foreign shares, bonds, securities and a safe deposit box yet to be opened. The discoveries were made after a […]
WEDNESDAY, 12.00 NOON: SOUTH AFRICAN club Orlando Pirates will lead Group A in the inaugural African Champions League, while four-time winners of the league, Zamalek of Egypt, will lead group B. Pirates, who have won CAF cup once before, and have been grouped with Primeiro de Agosto of Angola, USM Alger of Algeria, and Raja […]