DURBAN Roodepoort Deep (DRD) said on Monday it has secured unmargined hedging facilities to guard against margin calls from banks at a time of volatile gold prices. DRD also said it will not do any further hedging at current price level. “DRD wants to use its free cash for acquisitions and further growth, not for […]

AN elderly man has lost his battle against the fatal lung disease asbestosis and with it a R2 million law suit against a cement manufacturer he claimed exposed him to lethal asbestos dust. Nelspruit attorney, Richard Spoor, said carpenter Stephanus Johannes Kleynhans, 70, had worked with products from cement manufacuturer, Everite Limited, for 40 years […]

DEMOCRATIC Republic of Congo national team midfielder Emeka Mamale has been released by South African side Kaizer Chiefs, a club official said on Monday. Mamale, who is likely to be included in the Congolese African Nations Cup squad this week, did not impress during a six-month trial after moving to Johannesburg from Club Africain of […]

ONLY one change has been made to the Border Bears team to play Easterns in a Standard Bank Cup limited-overs match at Buffalo Park on Wednesday. Pieter Strydom will be joining the national squad for the fifth Test at Centurion, and his place has been taken by all-rounder, Francois Klopper, who played in the last […]

OWN CORRESPONDENTS | Tuesday 8.00pm EDUCATION Minister Kader Asmal interrupted his scheduled tour of schools on Tuesday to descend unexpectedly on Meadowlands High School in Soweto where he found loitering pupils and filthy conditions. Asmal stormed through the school demanding a list of teachers who had failed to arrive at school, warning that they would […]

THE World Bank said on Thursday that it plans to sell a $3-billion global bond offering over the internet, allowing individual investors to invest in the bank which provides loans to developing nations. Syndicate leaders Goldman Sachs & Company and Lehman Brothers will offer the bonds online while individuals can buy into the offering online […]

THE sixth MTN Cape-to-Rio yacht race got off to a slow start on Saturday, with hardly enough wind to fill the sails of the 71-boat fleet. The weather and smooth water was however perfect for hundreds of spectators who took to the water in all kinds of craft to watch the start of the race, […]

THE United States government will ask Congress to approve an extra $100-million to the fight against Aids, bringing its total commitment to $325-million, Vice-President Al Gore said on Monday. He said the government will also commit $50-million dollars for the US contribution to the vaccine fund of the Global Alliance for Vaccines and Immunisation.