WEDNESDAY, 11.00AM DIAMOND cartel De Beers said on Tuesday it is to begin a $30-million development in the Angolan capital Luanda to house sorting facilities for its Angolan diamond production, following an agreement with Angolan national diamond company Endiama. De Beers said the plans entail constructing a 12-storey building on Ediama-owned land in Luanda’s central […]
TUESDAY, 11.00AM THE Gencor group’s gold mines managed to buck the trend in the quarter to the end of June, with all Gengold mines reporting a profit, despite the 1,8% lower rand/gold price and a 20% drop in aggregate income to R109-million. Offsetting these presssures was a 3% increase in aggregate gold production to around […]
TUESDAY, 11.00AM WOMEN’s empowerment group Nozala Investments is to acquire 10% of listed private education and personnel group Educor in a two-phase deal. The first phase of the deal will see Nozala acquire 17,8-million new Educor shares (6% of the group’s enlarged equity) at 412c a share, a total of R73-million. The price represents a […]
TUESDAY, 1.30PM: THE South African Football Association (Safa) and its marketing arm Awesome Sports International (ASI) will jointly stage this year’s Four Nations Cup tournament. ASI co-director Ian Riley and Safa chief executive officer Danny Jordaan said the marketing company is negotiating for a sponsor, but the tournament is a Safa event. This follows submisions […]
TUESDAY, 4.00PM ZIMBABWEAN liberation war veterans, who have for the past week been demonstrating in support of demands for compensation pay-outs from the government’s War Victims’ Compensation Fund, on Tuesday disrupted traffic to a Harare conference centre where an African-American summit was due to begin. Riot police stood by as the protesters were prevented from […]
TUESDAY, 4.00PM TEN miners are confirmed dead at Avgold’s Hartebeesfontein mine near Stilfontein in North-West province, after an earth tremor precipitated a rockburst on Monday morning. As rescue operations continue at the mine, hopes are fading that eight miners who remain trapped three kilometres underground are still alive. So far, 46 injured miners have been […]
TUESDAY, 1.30PM: ANDRE JOUBERT was on Monday left out of the Springbok squad to tour Australia. Springbok coach Carel du Plessis said Joubert passed the medical test, but will be left out in a bid to strengthen other positions. Du Plessis decided to include Natal centre Japie Mulder, who also went for a fitness test […]
TUESDAY, 1.30PM: DISCUS thrower Fritz Potgieter was on Monday added to the team to take part in the world championships in Athens between August 1 to 11. This comes after Potgieter’s recent world-class perfomances in Europe. Potgieter achieved a world-championships qualifying distance in 64.16m in England last Tuesday. Athletics South Africa also included a 4×400 […]
TUESDAY, 4.00PM AS peace talks between Congolese President Pascal Lissouba and his rival and predecessor Denis Sassou Nguesso in the Gabonese capital Libreville bogged down on Tuesday, Lissouba’s supporters, emboldened by Monday’s extension of the president’s mandate, called for a “general mobilisation” against the militia of Sassou Nguesso. A representative of Lissouba’s 16-party support base […]
TUESDAY, 11.00AM INSTITUTIONAL investors from America, Europe and the United Kingdom have pounced on Billiton’s offer of shares, way exceeding market expectations. The company will trade for the first time on the London Stock Exchange on Tuesday, at first conditionally, then normally from next Monday. Billiton and financial advisers Fleming Martin said in London on […]