MONDAY, 11.00AM The team of management experts drafted to investigate the transformation of the SA Tourism Board say the probe copuld result in the demise of the board, to be replaced by an efficient new national marketing structure. Satour interim executive director Michael Farr said a forensic audit has been instituted, which is likely to […]
TUESDAY, 12.30PM THE Financial Services Board is motivating for regulation of foreign-based investment products being offered to South Africans, in an attempt to protect local investors following the lifting of exchange control regulations. Rob Barrow, the FSB’s deputy executive officer said that foreign-registered unit trusts are not regulated in SA, so much so that it […]
TUESDAY, 10.30AM: KAIZER Chiefs and Orlando Pirates are frontrunners for qualification for the 12th Annual Iwisa Charity Soccer Spectacular, which is to take place at the FNB Stadium on July 19. Both teams have scored more than 10 000 votes from the people who have phoned in to support their teams. Mamelodi Sundowns and Moroka […]
TUESDAY, 12.30PM The gold price slipped ever lower on Tuesday, hitting a four-and-a-half-year low of $224,05/oz before recovering slightly to close in London on $334,55. With real fears that bullion could fall through the $330 barrier, the Johannesburg Stock Exchange gold index fell 3% on the day, losing 29,8 points to close at 965. With […]
TUESDAY, 5.30PM NORTHERN Province Premier Ngoako Ramatlhodi axed several prominent members of his executive committee in a reshuffle announced in Pietersburg on Tuesday. In a widely expected move following a series of administrative crises surrounding exams, schools and teacher appointments, education MEC Dr Aaron Motsoaledi makes way for former health MEC Dr Joe Phaahla. Phaahla’s […]
TUESDAY, 12.30PM The rand fell to a five-month low against the US dollar on Monday as banks stockpiled dollars ahead of today’s relaxation of foreign exchange controls. The rand traded between R4,528 and R4,531 to the dollar on local markets, its lowest level since February 5. However, despite the tribulations of the currency, financial markets […]
BOMB THREAT THE African National Congress’s Shell House headquarters in Johannesburg received a bomb threat on Monday night. The police searched the building but nothing was found. The entire block was cordoned off overnight SAMWU STRIKE ALMOST 80% of all municipal workers in Greater Johannesburg took part in a strike by the South African Municipal […]
TUESDAY, 4.00PM PRELIMINARY results from last year’s census show that there are 37,9-million people in South Africa, the Central Statistical Service said on Tuesday. According to the CSS figures released today, 18,2-million (48%) of the total are males and 19,7-million (52%) females. KwaZulu-Natal is the most populous province with 7,7-million inhabitants (20,3% of the total), […]
TUESDAY, 10.00AM AXED housing director-general Billy Cobbett has been appointed to head Cape Town’s sonn-to-be-formed housing department. Cobbett’s position as director general expired at midnight on Tuesday and it is believed he could take up his new post in days. Confirming that he had accepted the post, one of a number of job offers he […]
TUESDAY, 4.30PM JUSTICE Minister Dullah Omar has introduced a new State of Emergency Bill to Parliament, which will allow the declaration of a state of emergency in conformity with the new Constitution. In terms of the Constitution, a state of emergency may only continue for 21 days unless extended by the National Assemble, in which […]