Shares in integrated media group Primedia jumped more than 5% in mid-morning session on Thursday following a buyout offer. At 10:01am, Primedia’s N shares were up 5,30%, or R1,25, to R24,85 and Primedia’s ordinary shares soared 5,77%, or R1,40, to R25,65.
Indian demand for South African coal is set to drop, threatening sharply lower prices, as iron makers there cut back, hit by falling prices in the steel market they supply and rising costs for imported coal. India’s sponge iron makers, who use coal as part of a process to make iron from ore, have relied increasingly on imported South African coal in recent years.
Justine Henin won the latest battle in the most fierce rivalry in women’s tennis with a 6-4 3-6 6-3 quarterfinal victory over seventh seed Serena Williams at Wimbledon on Wednesday. The Belgian world number one is chasing the one grand slam title she needs to complete her collection and looked in ominous form.
Surging demand for African coffee is a unique opportunity for producers, but they must not let quality slip or assume processing is the best way to capitalise on it, a coffee official said on Thursday. East African Fine Coffees Association director Philip Gitao told Reuters Africa’s market has come of age.
An innovative concept and the backing of Russian President Vladimir Putin were key factors in the surprise decision to award the 2014 Winter Games to Russia’s Sochi. Sochi, on the shores of the Black Sea with a palm tree-lined coast, built a bid around the city’s mild climate and the nearby Krasnaya Polyana snow-capped mountain range.
David Beckham expects to make his debut for the Los Angeles Galaxy on July 21 in an exhibition match with FA Cup holders Chelsea after recovering from an ankle injury. The 32-year-old midfielder twisted his ankle while playing for England against Estonia in a Euro 2008 qualifying match a month ago.
Hours after being sworn in as a member of the Gauteng Provincial Legislature, Amos ”Toenka” Matila found himself behind bars, charged with drunken driving. Matila, who is acting chairperson of the South African National Civic Organisation’s Gauteng branch, apparently drove into the back of a truck on Tuesday night.
The side of a sodden mountain collapsed on a bus carrying up to 60 passengers along a remote Mexican road on Wednesday and hours later rescuers could only pull a woman’s corpse from the debris. Local rescuers said those on board were probably killed but the government held out hope for survivors.
Pakistani security forces fired a series of ”warning blasts” before dawn on Thursday near Islamabad’s radical Red Mosque, stepping up pressure on hundreds of militant students inside to surrender, a security official said. There were about eight explosions at intervals of several minutes, witnesses said.
An explosion in a nightclub in north-east China killed 25 people and injured 33, state media reported on Thursday as investigators sought to pin down the cause. The blast hit an entertainment club in Benxi county, Liaoning province, at about 9pm (1pm GMT) on Wednesday, the China News Service reported.