THURSDAY, 4.00PM THE Gauteng provincial legislature on Thursday promulgated a new acvt enabling authorities to take harsh action to put an end to taxi violence, and the provincial government has already begun to implement stern measures against taxi operators involved in violence, according to Gauteng safety and security MEC Jessie Duarte. Duarte said the measures […]
THURSDAY, 11.30AM JOHANNESBURG Consolidated Investments and Anglo American on Wednesday killed two birds with one stone when they announced that Anglo is to sell its entire 26,8% stake in British multinational Lonrho to JCI for R2,5-billion> The deal follows the failure of merger talks between JCI and Lonrho, and resuscitates the group’s international ambitions while […]
DISCRIMINATION RULING APPEALED The ministers of justice and public service and the Public Service Commision will appeal the High Court ruling that the justice department’s affirmative action policy constituted unfair discrimination against white males. Justice JDM Swart has granted leave to the appeal on Thursday. Swart earlier declared the apppointment of 30 state attorneys invalid […]
TUESDAY, 4.30PM THE Independent Complaints Directorate on Thursday released figures that show police killed 191 people during arrest or in custody in the first quarter of this year, compared to 226 deaths for the whole of 1995. The new figure, if extrapolated, suggests that by the end of this year 764 people will have fallen […]
THURSDAY, 11.30AM GOLD looked ready to begin testing the $330/oz barrier on Wednesday when it traded as low as $331,45 in London before closing $1,30 down on Tuesday’s price at $332, 35. The metal closed in New York $2,80 down at $331,15. Bullion’s poor fortunes were mirrored on the Johannesburg Stock Exchange, where the gold […]
WEDNESDAY, 3.00PM STRIKES during the first six months of 1997 resulted in the loss of 140 000 fewer workdays than the same period last year. The number of workdays lost in the first half dropped from 400 000 in 1996 to 260 000 this year, according to statistics released on Wednesday by labour consultancy Andrew […]
WEDNESDAY, 9.30AM: The hard-tackling midfielder and South African international, Eric Tinkler, signed for the newly promoted English premier league soccer side Barnsley earlier this week. Tinkler, who joined Italian Series A Cagliari last year after a successful African Cup of Nations, said that to play in England is a dream come true. Barnsley paid 650 […]
WEDNESDAY, 3.30PM AS sporadic artillery fire continued in the Congolese capital Brazzaville on Wednesday, France and the United States began “joint steps” to convince the warring parties to come to the negotiating table. Announcing the initiative, French foreign ministry spokesman Jacques Rummelhardt did not elaborate on the measures, but noted that the foreign ministry’s African […]
WEDNESDAY, 10.30AM GROSS reserves held by the Reserve Bank in June rose only R300-million form the previous month, to R22,1-billion — well below expectations. The figures were released after Tuesday’s close of the Johannesburg Stock Exchange. The day had seen the relaxation of exchange controls and a 16-month high in the bond market, based on […]
WEDNESDAY, 11.00AM ON the first day of relaxed exchange controls on Tuesday, in which South Africans can invest up to R200 000 offshore, only R15-million left the country, according to deputy Reserve Bank governor James Cross. The amount was far lower than even the Bank’s most optimistic scenario. Said Cross: “Should the demand for dollars […]