TUESDAY, 10.30AM: THE US-based multinational Dow Chemical Company has offered to buy troubled local chemical giant Sentrachem for R2-billion in a deal which see the US company relaunching its local investments after disinvesting in 1987. Sankorp, Sentrachem’s largest shareholder, has accepted an offer of R10,50 a share for its 38,74% stake and, according to Sentrachem […]
TUESDAY, 11.00AM: SOUTH AFRICA’S 800m trio — Hezekiel Sepeng, Marius van Heerden and Hendrix Mokganyetsi — advanced to the second round at the World Athletics Championships in Athens on Monday night. Sepeng, who ran in the first and fastest heat of the five, finished second in 1min 46,42sec behind the world record holder Wilson Kipketer […]
TUESDAY, 2.30PM NAMIBIA will not follow South Africa into allowing its citizens to open foreign currency accounts, the bank of Namibia has announced. Senior Research Manager Ehrenfried Merero told a briefing that the Bank was obliged to be prudent and the economy was not yet ready for relaxed controls. “The issue is not whether Namibian […]
ELECTRICITY CUT-OFF BEGINS THE Gauteng government on Tuesday began cutting off electricity supplies to households that refuse to pay for municipal services. The cut-off began in KwaThema near Springs, where local government MEC Sicelo Shiceka said there is no justification for residents not to pay for services, because the apartheid government they were protesting against […]
MONDAY, 5.30PM: THE African National Congress said on Tuesday it has traced three witnesses willing to sign affidavits that they testified falsely against three ANC members who were subsequently wrongfully jailed for the 1994 ”Eikenhof murders”. After meeting the jailed trio, Sihpo Gavin, 27, Sphiwe Bholo, 29, and Boy Ndweni, 22, at Pretoria Central Prison, […]
TUESDAY, 5.00PM PARASTATAL arms manufacturer Denel on Tuesday declined to proceed with a court interdict prohibiting the Sunday Independent from naming a Middle Eastern country with which Denel is negotiating a multimillion-rand arms sale. The newspaper at the weekend defied the interdict and named the country in the public interest. The temporary order issued 10 […]
TUESDAY, 11.00AM: MAMELODI Sundowns’ Isaac Shai was the only new player in the 23-man squad named by national soccer coach Clive Barker on Monday to face Congo on August 16 at FNB Stadium in Johannesburg. Barker has kept the same squad who did duty against Zambia two months ago. Defender David Nyathi and striker Jerry […]
MONDAY, 10.30AM: THE Reserve Bank’s gross gold and foreign exchange reserves in July rose marginally to R22,8-billion, from June’s R22,13-billion. Reserves were boosted during the month by proceeds of government’s $250-million yankee bond issue and R1,4-billion in new short-term credit. But the drop in the gold price and Bank efforts to ease the volatility in […]
MONDAY, 4.30PM FORMER Foundation for Peace and Justice chief Dr Allan Boesak wants his trial separated from that of FPJ bookkeeper Freddie Steenkamp, the Cape High Court heard on Monday. Boesak, appearing briefly with Steenkamp, was not asked to plead. The state offering no objection, the trial was postponed to September 15 to give Boesak’s […]
MONDAY, 1.00PM: ZAMBIA beat Mozambique 2-1 on Saturday, moving to the top of the five-team Confederation of Southern Africa Football Associations’ (Cosafa) Castle Cup competition in Lusaka. Frazier Kamwandi scored both Zambia’s goals in the 50th and 81st minutes. Mozambique’s Faife Sergio equalised a minute after Zambia’s first goal. Zambia plays Namibia on August 20 […]