The JSE widened its losses by midday on Wednesday as profit-taking and negative sentiment continued to dampen the market. By noon, the JSE’s broader all-share index declined 1,4%, led by a 2,72% pull back in the platinum-mining index. The gold-mining index retreated 2,71% and resources dipped 1,85%.
Students, security personnel and police engaged in running battles at Durban’s Mangosuthu University of Technology on Wednesday. Rubber bullets were used by university security personnel and the public-order policing unit to disperse about 500 protesting students at the Umlazi campus, south of Durban.
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From ”uninspired and boring” to ”down to earth” and ”confident” were some of the varying opinions about African National Congress president Jacob Zuma expressed by members of the Jewish community on Tuesday night. Zuma was invited to speak at a forum on South Africa’s future, hosted by Chief Rabbi Warren Goldstein.
African National Congress treasurer general Mathews Phosa has called for an improvement in the country’s black economic empowerment (BEE) policy and urged the legal profession to consider whether the current BEE "framework" is "functional" and whether it is assisting emerging black entrepreneur.
South Africa’s Standard Bank Group said on Wednesday full-year headline earnings per share rose 23,4% to R1 033,4 cents, but it warned it would take a short-term hit from its deal to sell a 20% stake to China’s biggest lender ICBC. Africa’s biggest bank by assets said normalised headline earnings per share rose 20,6%, and normalised return on equity was 24,8%.
The council of the University of the Free State must ”go” because they do not want to transform, the African National Congress chairperson in the province, Ace Magashule, said on Tuesday. ”I cannot agree with those people who want to say everything at the University of the Free State was still fine,” Magashule said.
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Gold Fields said on Wednesday an employee who was trapped at its Beatrix mine had been rescued but another was still missing after an accident on Tuesday. The company — the world’s fourth largest gold miner — said the incident occurred after the ground shifted in a stope 750m below the surface at the number one shaft of the mine in the Free State.
Newspaper columnist Jon Qwelane on Wednesday at a public forum organised by the South African Human Rights Commission refused to apologise for calling a former colleague a ”coconut” for objecting to a recent, blacks-only Forum of Black Journalists event. The forum discussion was frank and at times heated.
Actor and popular Soweto pub owner Shimmy Mofokeng was shot dead by hijackers while approaching his driveway in Leonard Lane in Mulbarton, Johannesburg police said on Wednesday. Spokesperson Captain Julia Claassen said Mofokeng (53) was shot in his upper body as he was about to drive into his yard in his white Kia kombi on Monday.
Security guard Richard Engelbrecht was on Wednesday given two life sentences — one for the rape of Mitchells Plain schoolgirl Annestacia Wiese and the second for murdering her by strangulation. He was also sentenced to ten years imprisonment for indecently assaulting his three-year-old stepdaughter two years previously.
Power rationing was an option under scrutiny to minimise the impact of power cuts on South African mines, the Minerals and Energy Affairs Department said on Tuesday. Mining companies were forced to cease operations for five days in January due to the shortage of electricity supply.
A Cape Town nurse who was detained in Saudi Arabia would soon be brought back to South Africa, the Department of Foreign Affairs said on Tuesday. Dannelene Noach (54) reportedly went missing in November last year from a hospital in Riyadh.
The South African theatre industry needs transformation, the co-producer of the musical The Lion King, Lebo M, said on Tuesday. He expressed his thoughts following the Naledi Awards in Johannesburg on Tuesday. He said the fact that so few black South Africans won awards was a sorry indication of the role of black people in the theatre industry.
The emergence of the Forum of Black Journalists (FBJ) indicates there are problems in the media, South African Human Rights Commission (SAHRC) CEO Tseliso Thipanyane said on Tuesday. ”What is going wrong in media rooms to lead to the establishment of the FBJ?” he asked at a discussion on how the media cover race and racism
Three men convicted of killing a 15-month-old baby on her mother’s back in 2006 were each given two life sentences in the Johannesburg High Court, a media report said on Tuesday. Khensani Mtileni, 15-months-old, was killed by a stray bullet during a shoot-out between the cash-in-transit robbers and security guards
Former South African president Nelson Mandela personally congratulated 23 students who were awarded the Mandela Rhodes scholarship for 2008 on Tuesday in Johannesburg. The 89-year-old Mandela slowly entered the room of the Mandela Rhodes Foundation where the students were anxiously awaiting the moment they would meet him.
Transport was the area of highest growth in the South African economy between 2004 and 2006, a Statistics South Africa (Stats SA) survey has found. This was a result of accelerated purchases of motor vehicles, Stats SA said on Tuesday in releasing its Income and Expenditure Survey for 2005/2006.
Hundreds of South African women demonstrated at a commuter taxi rank on Tuesday, calling for an end to harassment for wearing miniskirts. The protesters, wearing miniskirts themselves, marched to the central Johannesburg taxi rank where a young woman wearing a miniskirt was attacked and sexually assaulted last month by taxi drivers.
South Africa’s advanced nuclear reactor technology programme will include United States-based Westinghouse Electric as a partner and a new shareholders’ contract is expected by the end of the month, an official said on Tuesday. South Africa is currently testing elements of the Pebble Bed Modular Reactor and wants to build 24 to 30 reactors for its own energy needs.
Thirteen students were arrested at the University of the Free State (UFS) on Tuesday for contravening a court order. Police spokesperson Captain Chaka Marope said they were taken into custody on the Bloemfontein campus at about 8am after they disrupted classes.
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Johannesburg Metro police said on Tuesday they had not tested Kwaito star Mandoza for driving under the influence of alcohol after an accident on Saturday because he was being treated at the scene by paramedics. Two people were killed when Mandoza smashed into the back of their car.
A memorial service is expected to be held for the more than 30 people who died in separate accidents in KwaZulu-Natal (KZN) on Monday, provincial minister for safety and security Bheki Cele said on Tuesday. KwaZulu-Natal Premier Sbu Ndebele declared Thursday as a day of mourning for the victims.
No one in South Africa has been trained to tune a piano for nearly a decade — leaving only about 50 ageing piano tuners in the country. The South African Association of Professional Piano Tuners is now concerned that unqualified people could damage the industry as well as the piano in the corner of your living room.
South Africa was not swayed by any major power to vote in favour of a new United Nations Security Council resolution imposing further sanctions on Iran for refusing to suspend uranium enrichment, the Department of Foreign Affairs said on Tuesday. The resolution was approved on Monday by a vote of 14-0, with Indonesia abstaining.
New vehicles sales are continuing to decline, the National Association of Automobile Manufacturers of South Africa (Naamsa) reported on Tuesday. New vehicle sales fell by 12% to 46 248 units in February compared with the same month last year, Naamsa said.
The Germiston Regional Court has postponed until October the trial of three men against whom Glenn Agliotti is expected to testify. In an appearance on Tuesday, the case was postponed for trial until October 14, 15 and 16 and October 28, 29 and 30. Stephan Paparos, his father, Dimitrio, and Stanley Poonin stand accused of dealing in hashish.
Communications Minister Ivy Matsepe-Casaburri has criticised the Treasury for failing to finance state-owned signal carrier Sentech, Business Day reported on Tuesday. Treasury officials ”just don’t understand” the vital role Sentech could play in lowering South Africa’s exorbitant cost of communications, the newspaper quoted the minister as saying.
The JSE was up 0,82% at midday on Tuesday as advances in the platinum and resource sectors added support. However, financial and bank stocks had started to weigh. By noon, the JSE’s platinum mining index advanced 2,14%, resources gained 1,75% and the gold mining index edged up 0,08%.
South Africa’s FirstRand said on Tuesday that first-half diluted normalised headline earnings per share rose 12% to 105,6 cents, at the lower end of its forecasts, despite tough market conditions. The group said it was unlikely to meet its long-term targeted growth in earnings of 10% above inflation in the current financial year.
The death toll in KwaZulu-Natal (KZN) from Monday’s accidents has risen, the province’s transport department said on Tuesday. Spokesperson Rajen Chinnaboo said a fifth accident was reported in KwaZulu-Natal at 8pm, bringing the total number of deaths in the province on Monday to 32.
Bulls prop Jaco Engels received a three-week suspension and centre JP Nel a one-week ban on Monday following incidents in the weekend’s Super 14 loss to the Sharks. Cited after the 29-15 defeat at Loftus Versfeld on Saturday in a rematch of last year’s final, the pair fronted up to a judiciary at the stadium.
Struggling Premier Soccer League (PSL) club Bloemfontein Celtic said on Monday that they had fired coach Khabo Zondo. Zondo, who also assists national coach Carlos Alberto Parreira, was axed a day after mid-table Celtic conceded three late goals to lose 3-1 at Moroka Swallows.