A SENIOR Northern Province education official involved in the matric exams died in a three-car smash on Tuesday morning. Deputy education specialist Michael Sebake’s car and two others collided at about 7am on the road between Pietersburg and Lebowakgomo. Central police spokesman Inspector Matjokotja Masenya said Sebake and social worker Matjatji Tlhapane, driving the second […]

BRITISH mining group Lonmin on Monday formally launched a takeover bid for Ashanti Goldfields, but only if the Ghanaian gold outfit resolves a delicate financial position caused by the recent spike in gold prices. Lonmin valued Ghana’s stock market heavyweight at $7 a share, 87% higher than its closing share price Friday, in its acquisition […]

ALAN FINLAY, Johannesburg | Tuesday 5.50pm. THE volatile gold price broke the $324 critical resistance level early Tuesday, boosting the gold board which left all other indices in its wake to close 3,85% or 47,82 points in the black. The yellow metal spent the day trading in an $8,00 band. At 5.30pm it had lost […]

A VISITING Japanese trade delegation on Monday told Nigerian authorities that it is “immoral” for the west African nation to request debt cancellation. “As you called for a new era of morality in the administration of your economy, the same moral consideration should be applied to your debt issue,” the leader of the 30-man delegation, […]

GOLD mining group Durban Roodepoort Deep announced Monday it has acquired over 50% of New South Wales gold producer, Hargraves Resources NL. Through DRD subsidiary, DRD Australasia ApS, an unconditional offer of one DRD share and Australian $0,70 for every seven Hargraves shares held had been made in July. Hargraves’ main asset is the Browns […]

MALAWIAN police are holding a man, (39) for trying to sell his own two-year-old daughter for R8000. Lapukeni Kaluwanje took his daughter, Miriam, to a trading centre where she was bought by a businessman, James Muliwa, who handed her over to police. Muliwa told police that he bought the child in order to rescue her […]

THE Advertising Standards Authority on Monday decided that Charlize Theron’s controversial anti-rape commercial will be amended to exclude phrases that “discriminate on the basis of gender.” The ASA said the ad had created a negative perception among viewers that all men not included in the category of rapists are complacent. A statement released by the […]

ROSE Zulu, owner of Lusaka’s Return to Eden herbal clinic, is concerned about the fuss that the African Potato, a tuber believed to control HIV/AIDS symptoms, has generated among Zambians. “It’s being sold by people who don’t know how to prepare it,” she says, adding: “People are taking it without proper instructions.” According to Zulu, […]

FIRST National Bank announced on Monday it will join SA Home Loans in securitising mortgages, Business Day reports. The move will allow it to offer home-loans as low as 13,1%, well below the ruling home-loan base rate of 15,5%. Securitisation allows a parcel of home loans to be “sold” to a third party investor, such […]

OWN CORRESPONDENT, Harare | Tuesday 11.00am. STEVE and Mark Waugh both scored centuries on Monday as Australia warmed up for their one-off test against Zimbabwe with a 244-run victory over a President’s XI. Leading by 116 after the first innings at the Queen’s Club, the tourists moved from 158/2 overnight to 304/5 before declaring half […]