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/ 8 July 1997

Malawi gives up on Banda money

SWAPO GUERRILLAS GO HOME THE 2 000 former Swapo guerrillas who staged a ”camp in” in central Windhoek for almost a fortnight have agreed to go home. They have received assurances from the government that special efforts will be made to find them jobs. The former guerrillas protested that they had laid down their lives […]

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/ 7 July 1997

Amazulu signs three Zim stars

MONDAY, 11.30AM: The new managing director of Amazulu, Lawrence Ngubane, has signed three Zimbabwean internationals in a bid to strengthen his side. Steward Murisa, Alois Bunjira and Callisto Pasuwa have moved from Zimbabwean champions Caps United. Ngubane said he was impressed by the three players when Orlando Pirates played United in the Africa club soccer […]

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/ 7 July 1997

JSE shares tumble as gold free fall continues

MONDAY, 5.30PM SHARE prices on the Johannesburg Stock Exchange fell across the board on Monday as the bullion price continued its free fall. Gold fixed in London in the afternoon at $318,00, before falling further to $316, a new ten-and-half-year low. The continued fall of bullion precipitated a four-and-a-half-year low on the JSE’s gold index, […]

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/ 7 July 1997

Chamber and NUM can’t agree on shifts

MONDAY, 11.00AM WITH the gold mining industry facing crisis as the bullion price plunges, the National Union of Mineworkers and the Chamber of Mines, locked in annual wage negitiations, cannot reach agreement on the number of additional shifts required to raise production by 90 tons a year in a bid to ensure the industry’s survival. […]

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/ 7 July 1997

Boks salvage pride to win final Test

MONDAY, 11.30AM: THE Springboks won Saturday’s third Test match against the British Lions 35-16, salvaging some of their honour after losing the first two matches and the series. Bok captain Joost van der Westhuizen said he and his teammates were suprised by the visitors’ play, their handling skills and the way they took the ball […]

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/ 7 July 1997

Spoornet buys into South America

MONDAY, 1.00PM SPOORNET, the railways division of transport parastatal Transnet, has a bought 20% stake in Interferrea, a Brazilian-owned transport consortium. The deal is the first step towards Spoornet’s goal of entering joint venture opportunities in South America, the Far East and Africa. According to Spoornet executive director Mafike Mkwanazi, Interferrea recently acquired the Brazilian […]

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/ 7 July 1997

Denel chief quits over fraud probe report

MONDAY, 3.30PM ARMS manufacturer Denel on Monday confirmed the resignation of MD Johan Alberts. In a statement in Pretoria, the group said: “The Minister for Public Enterprises, Ms Stella Sigcau, has accepted Mr Alberts’s request to be relieved of his responsibilities at the Denel Group.” Although the group did not give reasons for Alberts’s resignation, […]

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/ 7 July 1997

Safa ‘surprised’ at sponsor pull-out

MONDAY, 2.30PM: SOUTH African Football Association general manager Dennis Mumble said Safa is surprised at reports that Four Nations Tournament sponsor Foodcorp has withdrawn its R7-million backing of the competition. Mumble expressed his disappointment that “Awesome Sports International did not make us aware of this development”. He said Safa only learnt of the issue over […]

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/ 7 July 1997

Kabila arrives in Namibia

MONDAY, 5.00PM DEMOCRATIC Republic of the Congo President Laurent Kabila arrived in the Namibian capital Windhoek on Monday morning for a two-day official visit, during which a major Windhoek street will be named after him. Kabila, on his second official visit to an African state since he took power in May, was due to hold […]