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/ 2 February 2005

Moneyweb sells most of stake in Classic FM

Listed media group Moneyweb Holdings has agreed to sell 80% of its 19,62% stake in radio station Classic FM to empowerment group Huntrex for a cash consideration of R4-million, Moneyweb said on Wednesday. Moneyweb said the disposal will take effect from the earlier of February 15 or the payment of the first tranche of R2-million.

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/ 2 February 2005

Gibbs signs with English club

South African cricketer Herschelle Gibbs has signed a contract to play for the English club Lashings later this year from June to August. The club’s owner, David Folb, has brought a ”Harlem Globetrotter” element to the team in the past few years when it contracted some of the world’s greatest cricketers, past and present.

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/ 2 February 2005

Baxter picks his best

Bafana Bafana coach Stuart Baxter is taking no chances when he faces Australia in a friendly international at the Absa Stadium in Durban next Wednesday night. Baxter on Wednesday selected a balanced combination with the emphasis on attack. He named leading Premier Soccer League striker Sandile Ndlovu of Dynamos as his only new cap.

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/ 2 February 2005

Palestinians threaten to end truce

Hamas and seven other Palestinian groups threatened on Tuesday to call off a truce and return to ”all-out martyrdom attacks” unless Israel commits itself to ending army raids and killings in the occupied territories. The demand followed the killing of a 10-year-old girl at her school in a Palestinian refugee camp in Gaza on Monday.

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/ 2 February 2005

Last state witness testifies in Shaik trial

The Schabir Shaik fraud and corruption trial has been adjourned until Friday, when the state and defence will argue the admissibility of documents submitted by the state. These documents include the infamous encrypted fax as well as those confiscated during search and seizure operations in France and Mauritius.