ONGERI JOHN, Dar Es Salaam | Tuesday 11.15am. THE Word Bank has blamed low levels of direct foreign investment in Africa on the constant negative reporting by Western media that portrays the continent as a “centre of misery and conflict”. World Bank African chief economist Alan Gelb said that the region’s growing economic reconstruction and […]
OWN CORRESPONDENT, Johannesburg | Tuesday 4.30pm. THE Johannesburg Stock Exchange surged on Tuesday, the overall ending 1,52% or 114 points up. All counters finished strongly in positive territory, financials 1,52% or 146 points good and industrials 1,22% or 101 points better. Gold shares closed 2,08% or 21 points sharper. By late afternoon gold was trading […]
ROB DAVIES, Cape Town | Tuesday 12.50pm. THE King Commission probe into disgraced former South African cricket skipper Hansie Cronje’s involvement in match-fixing starts on Wednesday in Cape Town with 40 former and current players and officials expected to testify. Among those who will give testimony regarding Cronje’s alleged involvement in rigging matches are former […]
ZAMBIAN President Frederick Chiluba returned from a meeting with Democratic Republic of Congo President Laurent Kabila Monday to accuse DRC rebel rebel leader Jean-Pierre Bemba of failing to respect a ceasefire he signed last August. Chiluba told state television after meeting Kabila in the southeastern DRC city of Lubumbashi that Bemba’s Congo Liberation Movement (MLC) […]
FOURTEEN children were killed, and 67 others injured, when a rainstorm caused a stampede at an open-air amphitheatre in Addis Ababa. The tragedy occurred Monday at a remembrance ceremony in the Mega amphitheatre attended by thousands of schoolchildren to mark the second anniversary of Eritrea’s bombing of the Ayder school, in Mekele, 780 kilometres north […]
OWN CORRESPONDENT, Pretoria | Tuesday 4.30pm. APARTHEID state assassin Eugene de Kock on Tuesday again fingered former president PW Botha as having sanctioned a bloody cross-border raid by police into neighbouring Lesotho in December 1985. De Kock, who led the raid which left 11 people dead, told the Truth and Reconciliation Commission that the attack […]
BILLITON has announced that it has entered into a joint venture with the LanPing Nonferrous Metals Company company to develop zinc deposits in China’s western Yunnan province. Billiton said the deal is the first commercial joint venture between the Chinese authorities and an international mining company. In terms of the agreement, Billiton will eventualy hold […]
Former president Nelson Mandela, chief mediator in Burundi’s peace process, is to meet Burundian President Pierre Buyoya and Defence Minister Cyrille Ndayirukiye on Wednesday.
THREE men have been convicted by the Port Elizabeth High Court for raping two Belgian tourists in April this year. John Tee, 35, Benjamin Dirk, 29, and Donovan van Rooyen, 32, will be sentenced on Wednesday. Judge Frank Schoon said although only Tee had committed the rapes, Van Rooyen and Dirk were found guilty of […]
THE most senior correctional services official in the Western Cape has threatened to stop accepting new inmates from the end of June, saying the province’s prisons are already packed to capacity and nothing is being done to alleviate the situation. Stephen Korabie, the Western Cape provincial commissioner, says the problem is largely due to a […]