WEDNESDAY, 5.30PM ZAMBIAN riot police fired teargas at demonstators in Lusaka, and arrested 18 supporters of former president Kenneth Kaunda, including some senior members of his United National Independence Party (UNIP). Unip members had assembled outside their party headquarters for a march on the offices of two state-controlled newspapers, which they accuse of biased reporting. […]
WEDNESDAY, 11.00AM MEDIA and communications group Primedia has snapped up most of the operation of Interleisure in a R1,5-billion deal. Primedia CEO William Kirsh said his group bought 80% of Ster-Kinekor Theatres, Ster-Moribo, Ster-Kinekor Pictures and Cinemark, as well as 85,4% of Ster-Kinekor Home Entertainment and 30% of Ster-Kinekor Jersey, giving Primedia instant dominance of […]
TUESDAY, 2.30PM CONSUMER inflation fell again in June, with latest Central Statistical Service figures showing the annualised inflation rate for June at 8,8%, or 0,7 percentage points lower than May (9,5%), and its lowest since the 8,4% recorded last September. The month-on-month increase in the consumer price index from May to June stood at 0,3%, […]
TUESDAY, 11.00AM GENCOR’s newly unbundled base metals group Billiton found investors eager at its Johannesburg Stock Exchange launch on Monday, with local investors grabbing the shares at a slight premium to the price on the London Stock Exchange, where Billiton also saw its first day of formal trade. Billiton shares on Monday were the third […]
TUESDAY, 1.30PM: SANZAR has turned down a SA Rugby Football Union request to include an extra local team in next year’s Super 12. Sanzar said on Monday it resolved in the meting in Melbourne to suspend any talks over the inclussion of an extra team until 1999. Springbok coach Carel du Plessis has expressed his […]
TUESDAY, 11.00AM DEUTSCHE Morgan Grenfell has been selected as adviser for the proposed partial sell-off of parastatal Airports Company, Transport Minister Mac Maharaj announced on Monday. Maharaj said government will sell up to 49% of the R2,5-billion company, which controls nine major SA airports, with the sale intended to be completed by March next year. […]
TUESDAY, 1.30PM: THE National Olympic Committe of South Africa (Nocsa) has refused to be gorvened by the National Sports Council’s (NSC) resolution on affirmative action. In a NSC meeting on Saturday it was agreed to introduce affirmative action quotas in club sport as a matter of urgency. Nocsa general manager Dan Moyo said: “We are […]
TUESDAY, 11.00AM GROWTH in credit extension to the private sector fell only marginally in June, to 16,39% from 16,65% in May, delivering a blow to market expectations of an imminent cut in interest rates based on credit growth projections by economists of around 15,1%. Latest figures released on Monday evening by the Reserve Bank show […]
TUESDAY, 5.30PM THE Congress of SA Trade Unions appears set to implement its proposed campaign of rolling mass action from Monday next week following Labour Minister Tito Mboweni’s threat to withdraw the Basic Conditions of Employment Bill from Parliament. Cosatu plans to hold a one-hour national work stoppage on Monday, followed by 24-hour strikes in […]
TUESDAY, 3.30PM AFRICAN National Congress lawyers told the Shell House inquest on Tuesday that police might be guilty of culpable homicide for failing in their duty to prevent clashes between supporters of the ANC and the Inkatha Freedom Party during a march in Johannesburg in 1994. The inquest is probing the deaths of 19 people […]