THURSDAY, 12.00NOON: SOUTH Africa has been included for the first time in the influential government bond index published by the international JP Morgan investment bank. The index is used by fund managers worldwide as a benchmark to achievce optimum exposure to capital markets around the globe. latest index, published on October 1, SA was listed […]

THURSDAY, 11.00AM: ATHLETICS South Africa (ASA) on Wednesday announced that a massive R3,5-million has been put aside for incentives and preparation for the 1998 season. This is set to be the most profitable year for athletes as this money is double the amount allocated in 1997. ASA secretary general Banele Sindani said top athletes can […]

WEDNESDAY, 11.00AM AN idea presented to the Truth and Reconciliation Commission special hearings on business and apartheid that wealth accumulated during apartheid be taxed for redistribution has been rejected by business groups. Stellenbosch University economist Professor Sampie Terreblanche suggested an annual 0,5% tax for between 10 and 20 years on all individuals holding net assets […]

WEDNESDAY, 11.00AM: THE Bond Exchange of SA said on Tuesday it will adopt a new settlement convention from Monday as a means of reducing settlement risk and improving volumes and liquidity. At present, bond trades are settled every other Thursday. The new system involves a continuous rolling settlement convention called t+3, in which settlement will […]

TUESDAY, 5.30PM SHARES on the Johannesburg Stock Exchange ended stronger on Tuesday on continuing optimism about an interest rate cut and a higher gold price, dealers said. At the close the financial index was up 171,3 points at 10 115,2 and the industrial index was 43,9 points higher at 8 179,5 — off its day’s […]

WEDNESDAY 3.00PM: The first “official” set of South African Internet statistics has been released by the newly formed Audit Bureau of Internet Standards, affiliated to the Audit Bureau of Circulations. The figures are the first “honest” attempt by major industry players to provide for independent auditing of web sites using a common set of standards. […]

WEDNESDAY 6.30PM: THE Truth and Reconciliation Commission special hearings on the role of business during apartheid continued on Wednesday with corporations and business groups denying they benefited from apartheid, while claiming to have attempted to fight against the social system that was declared a crime against humanity by the United Nations General Assembly. Rembrandt Group […]

WEDNESDAY, 11.45AM: THE South African cricket selectors have included one uncapped player in the squad for the tour of Australia. Boland’s Roger Telemachus was included and Herschelle Gibbs has been re-called. Out go Fanie de Villiers and Andrew Hudson. De Villiers, who had a good tour in Pakistan, was once again overlooked. Convenor of selection […]

WEDNESDAY, 11.25AM: NATAL cricket selection convenor Graeme Ford has named three Proteas in the squad to play against Northerns at Kingsmead from Friday. Jonty Rhodes, Andrew Hudson and Shaun Pollock are in the team while Pat Symcox and Lance Klusener are not available. Meanwhile, Free State will be without Alan Donald and Hansie Cronje in […]