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 […]
NUPEN TO RETURN TO ILO CHARLES NUPEN, the director of the Commission for Conciliation, Mediation and Arbitration, will leave his post at the end of October to resume his contract with the International Labour Organisation, the labour ministry announced on Tuesday. The ILO released Nupen to take up a short-term contract with the CCMA when […]
TUESDAY, 11.00AM THE Johannesburg Stock Exchange’s all gold index edged back over the 1 000 point mark on Monday for the first time in three weeks, but the rand took a beating, falling to a six-month low against the US dollar. Following Friday’s close at 992, the gold index leapt to an opening 1 014, […]
TUESDAY, 3.30PM A NEW draft Bill providing for a tougher parole system was tabled in Parliament on Tuesday. Among the provisions of the Bill include allowing courts to fix a non-parole period of a convict’s sentence, and revamped parole boards with greater community representation. The Bill proposes that where a court has set a non-parole […]
TUESDAY, 1.30PM: The camp of dethroned International Boxing Federation (IBF) bantamweight champion Mbulelo Botile will lodge a protest and demand a rematch against new IBF champion Tim Austin of America. Botile lost his title on an eighth-round stoppage on Saturdy night in the United States. Golden Gloves publicist Terry Pettifer said promoter Rodney Berman is […]
TUESDAY, 8.00AM THE PAC yesterday admitted to the murder of a mother and two teenage children south of Johannesburg in 1993 — for which three ANC men were jailed. Zandra Mitchley, her son Shaun and his friend Claire Silberbauer, were murdered in an attack that injured several other family members. Two Umkhonto we Sizwe cadres, […]
MONDAY, 11.00AM THE Johannesburg Stock Exchange’s all gold index followed bullion’s latest recovery on Friday, picking up 27,7 points to close at 992 (after an intraday high of 1 005,1) as gold rallied $4,80 to $324,20/oz. Analysts, however, remain cautious about gold’s fortunes, saying the situation is nothing to get excited about, and a rally […]
MONDAY, 8.00AM GAUTENG health MEC Amos Masondo is leading the race for the provincial premiership, after winning the support of the ANC, the communist party, Cosatu and the SA National Civics Organisation at a marathon seven hour meeting yesterday (Sunday). Trailing Masondo is deputy provincial chairman Mathole Motshekga, supported by the ANC Youth League and […]
MONDAY, 3.30PM THE African National Congress had won four of the five contested wards in Sunday’s by-election in the KwaZulu-Natal midlands town of Richmond, scoring a landslide victory over its main rival in the area, the National Consultative Forum. Leader of the forum in the area, fired ANC MPL Sifiso Nkabinde suffered a humiliating defeat, […]
MONDAY, 1.00PM: TWO South Africans finished in the top 10 in the British Open at Royal Troon on Sunday. US Open champion Ernie Els and Retief Goosen finished 10 shots adrift of the champion Justin Leonard of the US. Els carded his second 69 in a row to total 282 to share the 10th place […]