THATCHER’S PRIVATE POLICE WESTERN Cape police are investigating allegations that Mark Thatcher, son of the former British prime minister, hired moonlighting policemen to guard his home, using police equipment. He also made a failed attempt to start a company called “Rent-a-Cop” which allowed police to earn extra money as security guards. Police commanders initially agreed […]
FRIDAY, 11.00AM RESERVE Bank governor Dr Chris Stals says he is open to proposed changes aimed at increasing transparency in the Reserve Bank’s setting of monetary policy. Pesponding at the weekend to suggestions that the Reserve Bank’s power to determine monetray policy be curtailed, Stals said he was “fairly neutral” about the possibility of expanding […]
MONDAY, 10.30AM The dispute between SA’s internet service providers (ISPs) and parastatal telecoms corporation Telkom over Telkom’s claimed monopoly on internet services heated up last week when private operators complained to the industry regulator that Telkom is not supplying them with international bandwidth. In the latest skirmish in an unresolved battle over Telkom’s claim that […]
MONDAY, 8.30AM: THE South Africans threw away good chances of three medals in Athens at the weekend, when highly fancied local athletes fizzled out one by one. In the mens’ marathon, the best effort by the five experienced South African runners was by Xolile Yawa, who came in at 12th place. Pole valuter Rian Botha, […]
MONDAY, 11.30AM NEW Africa Investments Limited is to dismantle and absorb as a subsidiary New Africa Finance Holdings Limited, a pyramid structure controlled by Nail. In a deal worth R600,7-million, Nail will acquire the remaining 32,7% interest in the holding company that are still owned by various other shareholders, and reconstitute it as a wholly […]
MONDAY, 8.30AM: THE All Blacks trounced the Springboks 55-35 in Auckland — the highest-ever score against a ‘Bok team — in a dirty match in which ‘Bok flanker Andre Venter was sent off for stomping on the face of All Blacks captain Sean Fitzpatrick. Springbok wing James Small was shown the yellow card for trying […]
MONDAY, 5.30PM INDUSTRIAL shares on the Johannesburg Stock Exchange followed the lead set by Wall Street on Friday, but gold stocks were saved further punishment by a 4$ rise in the bullion price. The all gold index had climbed 19,7 points by the close, breaking back into four-figure territory to close at 1 016,3. Industrials, […]
MONDAY, 11.00AM THE National Party has complied a report on government corruption over the past three years, and concluded that between R13-billion and R20-billion has been lost at central and provincial levels, particularly in KwaZulu-Natal and the Eastern Cape. Most of that money — between R7,9-billion and R10,6-billion — has been lost to maladministration; the […]
MONDAY, 1.00PM: SOUTH AFRICA’S Des Terblanche won the $200 000 Sabah Masters golf tournament at Kota Kinabalu in Malaysia on Sunday. Terblanche beat third round leader Thammanoon Sriroj of Thailand at the third hole of a sudden-death play-off. Terblanche closed with 6-under 66 to force the play-off. He birdied the 513m par-5 18th hole four […]
FRIDAY, 11.30AM: INVESTMENT Bank SBC Warburg has refused to publicly disclose the number of Sentrachem shares it has bought recently, after the SA Press Association lost two copies of an announcement to that effect last week. SBC Warburg is advising US-based Dow Chemical Company on its proposed R2-billion buy-out of troubled local chemicals giant Sentrachem. […]