THE National Federated Chamber of Commerce (Nafcoc) on Tuesday denied claims that the organisation is on the brink of collaspe, owing over R1,8-million in taxes and wracked by internal disputes. Nafcoc’s financial state came to the fore this week when City Press reported on Sunday its president Steve Skhosana had resigned amid claims of in-fighting […]

OWN CORRESPONDENT, Rabat | Thursday 4.30pm. MOROCCO denied on Thursday that it will withdraw its 2006 World Cup bid if the African Football Confederation (CAF) opts to back South Africa as Africa’s sole candidate. Both countries are vying to bring the event to Africa for the first time but there are worries that the existence […]

MEDIA holding company Johnnic announced on Tuesday that it has acquired 100% of internet search engine Ananzi. Ananzi was bought from I-Net Bridge, the online business portal of which Johnnic owns an indirect 37,5%. I-Net Bridge CEO Neil Jacobsohn said Ananzi would immediately be redeveloped and expanded to ensure it was robust enough for these […]

THE Ghanaian government and central bank officials have been in intensive discussions since Monday on the future of the Bank for Housing and Construction and Co-operative Bank, which have been liquidated following heavy losses. The government has, meanwhile, approved a scheme to protect depositors of the two banks. Government Monday closed down the two banks […]

FIVE people were killed on Wednesday and six were injured when gunmen attacked a bus in the north of the Somali capital, Mogadishu. The gunmen sprayed the bus with bullets without warning at the north Mogadishu Sana bus station, according to the witness, who was among the passengers. Among those killed was a wealthy businessman, […]

CREDIT rating agency Fitch IBCA on Monday affirmed the national claims paying ability of South African insurer Santam Ltd at AA+ and its international claims paying ability at BBB. The decision followed Santam’s R1,58-billion offer for rival Guardian National. Santam will finance part of the purchase through a R1-billion ights issue and has said the […]

ERITREANS should be able to access the internet starting next month following the arrival of necessary equipment, according to Estifanos Afewerki, head of the national telecommunications service. “We should have internet by the end of February,” Estifanos told AFP Tuesday afternoon. The equipment arrived from the United States on Monday after several months of delays. […]

BIDDER for the third cellphone licence say they might as well throw in the towell after South African Telecommunications Regulatory Authority (Satra) on Tuesday began a process of amending the MTN and Vodacom licences to include the coveted 1800 GSM as well as the current 900 GSM frequency. Business Day reports that bidders say they […]

STEVEN MANN & AFP, Cape Town | Thursday 11.00am. FIRE fighters on Thursday said they were winning the battle to contain the series of blazes which have wreaked havoc in the Cape Peninsula over the past few days. All roads had been reopened and people who had been evacuated were able to return home, disaster […]

EXCESSIVE rainfall in parts of the Northern Cape has damaged up to 45% of the grape harvest in the region, leaving the crop down 25% on last year’s, according to industry figures. Excessive rain, which causes crop decay, is estimated to have lopped more than R200m off the income of grape growers in the Orange […]