LEADING gold producer Harmony Gold Mining Company announced on Tuesday that it has purchased a 19,95% interest in Australian gold producer Goldfields from Hanson PLC at a price of A$1,25 per share. The deal is valued at A$41-million. Harmony, currently the third largest gold producer in SA, has expanded in the past five years from […]

EMBATTLED residents of Alexandra outside Johannesburg have been evacuated to higher ground after the Jukskei river burst its banks on Tuesday. Several homes were washed away and more rain is expected to fall on Tuesday night. Emergency services and police divers are on standby to assist people, some of whom are apparently unwilling to leave […]

SHARES in JCI Gold Ltd pressed firmer in early trade on Thursday as Western Areas withdrew merger plans. Western Areas said on Wednesday it has withdrawn plans for the proposed merger of companies in the JCI/Randgold Group to form a single global mining company. It said the proposal was no longer feasible due to inadequate […]

ABOUT 200 visitors to the Kruger National Park were trapped by floodwaters at Skukuza camp after heavy rain on Monday. No one can get in or out of the area by road. The group has been moved to higher ground at Skukuza as a precaution. A spokesman said there is no crisis, and a helicopter […]

MITCH PHILLIPS, London | Monday 10.30am. RUGBY union’s planned introduction of video referees could be delayed because of concerns about costs, a leading official has claimed. The experiment was due to begin in the southern hemisphere’s Super 12 regional competition, which kicks off later this month, and the Tri Nations. But Rian Oberholzer, head of […]

OWN CORRESPONDENT, Johannesburg | Thursday 11.15am. GOLD mining giant Gold Fields on Thursday reported higher quarterly profits on the back of a stronger gold price and a turnaround at its key Driefontein mine. The Johannesburg-based gold miner posted earnings after exceptional items of R192-million for the three months ended December 31. That compares to a […]

OWN CORRESPONDENT, Johannesburg | Wednesday 6.00pm. A POSITIVE finish on Wall Street and sturdier domestic bond and rand markets jacked up shares on the JSE for the second session in a row on Wednesday, but stocks soon gave away some opening gains. Diamond giant De Beers , the exchange’s third biggest stock by value, jumped […]

THE Kenyan Football Federation (KFF) has been plunged into a deep crisis. On Monday, five of the eight National Executive Committee (NEC) members resigned en masse and called on the government to appoint a caretaker committee to run soccer in the country. The resignation follows the KFF’s failure to hold its national elections on February […]

THE Congress of South African Trade Union (Cosatu) on Friday afternoon said that President Thabo Mbeki’s announcement that three key protective labour laws will be amended to soften their rigidity comes as no surprise to the federation. Speaking in Cape Town, Cosatu general secretary Zwelinzima Vavi stressed the federations intentions to “engage vigorously” in discussions […]