THURSDAY, 10.30AM The gold price edged lower on Wednesday after taking a breather from its headlong fall on Tuesday. The precious metral lost another $2,20 to close in London at $319,75, after seeing $315,75 in the morning. Local markets reflected bullion’s fortunes, with the JSE’s gold index losing 2% to end the day 18,4 points […]
THURSDAY, 11.30AM EXPORTS of SA-built motor vehicles increased by 90% in the first five months of this year compared to the same period last year, according to latest figures from the National Association of Automobile Manufacturers of SA. A total of 6 207 locally manufactured vehicles were exported between January and May this year, compared […]
THURSDAY, 8.00AM LABOUR minister Tito Mboweni warned labour and business leaders yesterday that if they feel to reach agreement on the disputed conditions of employment bill, he will pull it back from Parliament. Mboweni said it would be of great concern to the ANC if the bill, which aims to improve the conditions of vulnerable […]
THURSDAY, 8.00AM NIGERIAN peacekeeping troops were on Thursday reportedly still in control of the international airport outside the Sierra Leone capital Freetown after an assault by forces of the military junta which seized power in a coup on May 25. An FM radio station that was considered one of the prime targets of the attack […]
THURSDAY, 11.30AM THE Airports Company is moving full speed ahead to partial privatisation, with government tendering for a transaction adviser to oversee the sale of a 49% stake in the parastatal. Airports Company MD Dirk Ackerman said on Wednesday that successful negotiations over the past few months between management, labour and government had led to […]
THURSDAY, 2.00PM RWANDA’S vice-president, Paul Kagame, has confirmed in an interview with the Washington Post what many have suspected: that the rebellion against former Zairean dictator Mobutu Sese Seko was planned in Rwanda as a response to Zaire’s support for Hutu militants. Kagame’s account, the first official Rwandan acknowledgement of a role in the civil […]
WEDNESDAY, 1.00PM NAMIBIAN President Sam Nujoma, who hosted Congo-Kinshasa President Laurent Kabila this week, wants the Southern African Development Community (SADC) to admit the Democratic Republic of Congo to its ranks. Nujoma has repeatedly advocated a scheme for a pipeline to tap the Congo river for water to feed dry Southern African countries including Namibia. […]
WEDNESDAY, 10.30AM VIRGIN Atlantic Airlines, which last month pulled out of the bidding stake for parastatal Sun Air, on Tuesday expressed interest in bidding for a majority stake in any future privatisation of SA Airways. “WE recently pulled out of the bidding for Sun Air. We’ll be looking for an alternative source of investment in […]
WEDNESDAY, 1.00PM A NAMIBIAN human rights group has released a report claiming that 1 768 Angolans from the former Unita stronghold of Cuando-Cubango have disappeared or been killed while in the custody of Namibia’s army. At a press conference in Windhoek, National Society for Human Rights director Phil ya Nangolo said the killings and disappearances […]
TUESDAY, 4.30PM ZIMBABWE’s first privately owned mini hydroelectric power station, which will feed electricity into the Zimbabwe Electricity Supply Authority national power grid, will come on stream later this week. The 750 kW hydroelectric station, constructed at a cost of Z$7,5-million ($681 000), is situated on the Nyahode river, in the Chimanimani mountains. The project […]