MONDAY, 11.00AM: BLACK empowerment group Thebe Investment Corporation is set to enter the retail petroleum market through its Thebe Petroleum Company (Tepco), which intends opening its first retail filling stations early in the new year. Tepco, formerly Bambanani Petroleum, was formed two years ago to wholesale petroleum, with the company 80% owned by Thebe, while […]

MONDAY, 12.30PM: WESTERN Province beat Eastern Province in a Standard Bank League cricket match at St Georges Park on Sunday. WP hit 224/9 in 45 overs and dismissed the home side at 212 with one over remaining. Westerns’ Paul Kirsten hammered 67 to help his team to victory. Easterns’ hopes of victory were dented when […]

MONDAY, 3.30PM: ASLAM TOEFY, chief commander of People Against Gangsterism and Drugs, resigned at the weekend, Pagad executive member Cassiem Parker confirmed on Monday. Parker declined to give reasons for Toefy’s resignation, which followed a Pagad demonstration in Sea Point on Saturday, but it is understood his resignation will be discussed at a meeting of […]

MONDAY, 11.00AM: GOVERNMENT has put on hold the proposed sale of its Alexkor diamond mine pending establishment of the value of the enterprise. Confirming the postponement at the weekend, public enterprises ministry spokesman Wandile Zote said that a private company may be appointed to manage the mine in the interim. Zote said government has revised […]

MONDAY, 11.00AM: A LEADING labour consultancy has estimated that the Basic Conditions of Employment Bill, if enacted in its present form, could lead to an 18% escalation in labour costs in SA. The prediction was made by Andrew Levy & Associates, published at the weekend in the Ecometrix Bulletin. The employment Bill was overwhelmingly voted […]

MONDAY, 12.30PM: SOUTH Africa and Poland shared the spoils after they drew their sixth and final men’s hockey international at Epson Queensmead in Durban on Sunday. Poor finishing by South Africa cost them the game. Sunday’s game had all the ingredients of an explosive clash after the two teams played to a 2-2 draw at […]

MONDAY, 12.30PM: KAIZER Chiefs dropped two valuable points as they played to a 1-1 draw with Supersport United in a Premiership match at Rand Stadium on Sunday. United’s Chicco Lawrence opened the score in the 12th minute after a Thomas Madigage cross. Thembinkosi Biyela equalised for Amakhosi after receiving a pass from Mark Williams in […]

Mungo Soggot investigates an extraordinary deal undertaken by the Central Energy Fund A confidant of two of Africa’s most notoriously corrupt leaders has landed an extraordinary R3-million-a-year contract as an adviser to South Africa’s state-run oil company, the Central Energy Fund. Former Liberian finance minister Emanuel Shaw II and his son, Emanuel Shaw III, pulled […]

THURSDAY, 9.00PM: THE National Assembly has approved the controversial employment Bill after almost a year of controversy, by 228 votes to 78. Inkatha and the Pan Africanist Congress joined the ANC in supporting the bill, opposed by the other parties. Cosatu has raised objections that its 49 proposed amendments to the bill, agreed to with […]

Madeleine Wackernagel Two years and much diplomatic negotiation later, the new legislation on insider trading is ready. Mervyn King, who chaired the commission, says it was one of the hardest job he’s ever done. By their very nature, such commissions have to reflect a range of opinions: in this case, there were many interests, vested […]