THURSDAY, 5.30PM The leaders of the military coup in Sierra Leone will be prepared to step down in favour of an elected civilian government in 18 months’ time, chief of defence staff Brigadier Sam Koroma said on Thursday. ”Our side said we are prepared to do this in 18 months’ time, but warned that Kabbah’s […]
WEDNESDAY, 3.30PM IT will not be possible for the Truth and Reconciliation Commission to comply with the National Party’s demand for an unconditional apology by Wednesday noon, TRC deputy chairman Dr Alex Boraine said on Tuesday night. Boraine said a letter signed by commission legal adviser Hanif Vally would be sent to the Nats before […]
WEDNESDAY, 12.00NOON: SOUTH AFRICA lost their women’s netball match against world champions Australia 65-48 in Brisbane on Tuesday night. But Australian captain Vicki Wilson said: “Beating South Africa was harder than it looked.” She said South Africa has “improved a lot. They play with patience and they didn’t panic.” South Africa kept the lead down […]
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 […]