THURSDAY, 1.30PM THE Chamber of Mines and National Union of Mineworkers (NUM) signed a landmark deal on Wednesday linking wages to productivity after most mining houses had reached agreement with union members to raise gold production. The deals vary from mine to mine, ensuring in some cases that up to 26 additional shifts will be […]

THURSDAY, 1.15PM: JOMO Cosmos boss Jomo Sono said he wil not put unnecessary pressure on his players to beat Al-Mansoura of Egypt when the two sides meet in a Caf Cup Winners Cup match at PAM Brink on Saturday. He said it is the experience of playing in Africa that means a lot to them. […]

THURSDAY, 1.30PM THE South African taxman is set to target rogue businesses not registered for tax in a wide-ranging crackdown on thousands of firms. Tax commissioner Trevor van Heerden has told the parliamentary public accounts committee that more staff will be assigned to visit businesses individually, starting next month, to check whether they are registered […]

THURSDAY, 1.30PM SHIPPING, hotel, gaming and travel group Safren has raised attributable profit 21% to R547,7-million in the year to June 30, the company has announced. It said the performance was mainly derived from a buoyant Safmarine, its mainstay division. Safren chairman Buddy Hawton said Safmarine increased earnings by 39% to R238-million, seeing good performances […]

WEDNESDAY, 3.00AM FORMER Civil Co-operation Bureau operative and convicted murderer Ferdi Barnard, 39, will go on trial in the Pretoria High Court on February 2 next year on 24 charges including murder, attempted murder, fraud, theft and illegal possession of firearms and ammunition. The Pretoria High Court set Barnard’s trial date on Wednesday. He has […]

WEDNESDAY, 12.15PM: NATIONAL soccer coach Clive Barker will meet the South African Football Association executive on Wednesday to convince them he is worth the R100 000-a-month to take Bafana Bafana to the World Cup Finals in France next June. Safa is silent on the issue but the feeling is that Barker will be asked to […]

WEDNESDAY, 12.00NOON TELKOM and its strategic partner Telekom Malaysia are planning to expand operations into African countries where telecom privatisations are under way and major opportunities are opening up. Telkom international business unit head Alan Hooper said the two parties are investigating opportunities in a number of African countries, including the Democratic Republic of Congo, […]

WEDNESDAY, 11.30AM RETAIL group Wooltru has bought the ailing retail chain of CNA in a deal valued at about R500-million. The acquisition will be funded by the issue of Wooltru shares. Wooltru executive chairman Colin Hall says that the buyout will not enhance Wooltru earnings over the next couple of years, and that investments will […]

WEDNESDAY, 11.00AM The gold index fell 23,6 points, or 2,45% on the Johannesburg Stock Exchange (JSE) on Tuesday, to a two-month low of 937,9, tumbling as bullion fixed $1,30 lower at $321. The fall pulled down the JSE all share index 33,7 points, to a three-month low of 7145,8, allied with continued futures-based selling in […]