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 […]
WEDNESDAY, 11.00AM: AMANDA COETZER made short work of Steffi Graf in their French Open quarterfinal match at Roland Garros, Paris, on Tuesday. The South African won the game in straight sets, 6-1, 6-4, taking her to her second Grand Slam semi-final. Coetzer was cool and disciplined against an error-prone Graf, who only began playing well […]
WEDNESDAY, 11.30AM The retrenchment of up to 4 000 workers at Johannesburg Consolidated Investments’s Randfontein Estates gold mine has been suspended pending the outcome of new negotiations between JCI and the National Union of Mineworkers, mine GM Gordon Miller said yesterday. Miller added, however, that 500 skilled and managerial staff had already left the mine […]
WEDNESDAY, 9.00AM The government has agreed to a one-year reprieve for its plans to end non-taxable housing perks, following a meeting with the parliamentary finance committee which expressed strong objections to the bill last week. The Income Tax Bill to be presented to parliament tomorrow attempts to close up some of the more blatant tax […]
WEDNESDAY, 11.30AM ANGLO American Corporation has posted a 23% increase in earnings for the year to end-March, bringing total headline earnings for the year to R5-billion. Headline earnings a share increased to R21,44 (from R17,46 in 1996), while total net earnings were up 61,4% to R7,1-billion, giving a net shar earning of R30,37 (R18,85). A […]
TUESDAY, 11.00AM The new government in the Democratic of Congo (formerly Zaire) has paved the way for SA rail parastatal Spoornet to return to the country after admitting its earlier nationalisation of the Congo rail network was a mistake. Spoornet operated parts of Zaire’s rail network for the past two years through its Sizarail subsidiary. […]
TUESDAY, 10.00AM: SPRINGBOK rugby coach Carel du Plessis has made six changes to this season’s South African international Test side. World Cup 1995 favourites Kobus Wiese and Hennie le Roux have been omitted from the team and Edrich Lubbe and Krynauw Otto have stepped in to replace them. The team will play their first 1997 […]