OIL prices in Asia fell on Monday bon an extended bout of profit-taking and on news that Iran has raised its output by a substantial amount in March. New York Mercantile Exchange (NYMEX) crude futures were trading at $25,10 per barrel, dropping 47 cents from its close in New York on Friday. Traders said some […]

THE Northern Province is bracing itself for the Easter Weekend and the annual pilgrimage of thousands of members of the Zion Christian Church faith. ZCC worshippers travel in convoy along the N1 to converge at Moria near Pietersburg each year for festivities.”During the coming weekend, the N1 highway that bisects our province will turn into […]

DEFENCE Minister Mosiuoa Lekota has defended a move to buy President Thabo Mbeki a new luxury jet worth R300-million, saying the older presidential aircraft poses a security risk. Lekota, who is currencty reviewing all travel facilities for Mbeki, said that because the current jet, a Falcon 900, has to refuel several times during international trips, […]

PRESIDENT Thabo Mbeki is planning to buy a new luxury jet for around R300-million, Beeld newspaper reports. An Airbus spokesman told the newspaper that the company received a request earlier this year from the Department of Defence to provide detailed information on a business jet called the A319. Other competitive providers received similar requests, the […]

OWN CORRESPONDENT, Johannesburg | Wednesday 11.30am. THE Johannesburg Stock Exchange continued its recovery on Wednesday, trading 1,88% or 130 points up by mid-morning. Local markets gained over 4% on Tuesday, recovering ground after heavy losses on Monday. However a dealer said investors are cautious and that there are still concerns about US technology stocks. The […]

STEVEN MANN, Cape Town | Wednesday 12.00pm. THE recent hammering taken by share prices on the Johannesburg Stock Exchange was inevitable, but the country’s economic fundamentals remain sound and the economic outlook is positive, Reserve Bank governor Tito Mboweni said on Wednesday. “It’s a correction that was bound to happen at some point,” he told […]

A CESSNA pilot has been killed in an accident not far from the Rand Airport in Germiston. Three passengers were seriously injured in the crash. The Cessna 172 was on its way to Messina when it experienced problems shortly after take off on Wednesday morning. The plane apparently radioed for permission to return to the […]

FOUR Spoornet unions have announced a dispute with the state-owned transport utility as two months of salary negotiations ended in deadlock on Monday. SA Footplate Union spokesman Chris de Vos said Spoornet will not go above a 5% increase and the unions are not prepared to accept less than 6,5%. The unions’ demand is based […]

SUDAN’s ruling party said on Tuesday it has decided to hold simultaneous presidential and parliamentary elections before March 2001, but did not set a specific date. During a Monday night meeting, the National Congress party leadership also endorsed President Omar al-Beshir as the party’s candidate in the presidential election. Under the constitution, members of parliament […]