SOUTH African Airways said on Tuesday that its return to profit for the first time since 1995 has boosted plans to list on the Johannesburg bourse. Chairman Mafika Mkhwanazi said the airline also expects to report substantial growth in its earnings in the current financial year as benefits from its recent tie-up with Swissair start […]
THE 35th OAU summit also mandated the organisation’s secretary-general, Salim Ahmed Salim, to convene a regional conference on small arms. The meeting would make recommendations on steps to solve problems related to the use, transfer and illegal manufacturing of small arms. The summit welcomed initiatives already taken on the issue by member states and regional […]
MALAWI, Tanzania, Zambia and Mozambique have joined forces in a multi- million-dollar venture, known as the Mtwara development corridor, to boost trade and investment in landlocked countries in the region. Negotiations on the corridor began last November, and the four have already begun working on developing the Mtwara corridor from the Tanzanian side. The project […]
NEDBANK and two of its strategic partners have acquired a 75% stake in the Finance Corporation of Malawi, following its devolvement from government. The general manager of Nedbank Africa, Keith Key, said that the purchase is a new strategy for Nedbank to establish a network of banks in the sub-Saharan Africa, especially in the Southern […]
CAMEROON triple jumper Francoise Mbango broke the African record in the discipline in La Roche-Sur-Yon, Frnace, on Sunday jumping 14.66m to beat the old mark set by Algeria’s Baya Rahouli by 47cm. The 23-year-old, whose jump put her into the world’s top 10 performances, remained unmoved by her achievement. “Before I came here I had […]
THE former producer of SABC3’s Special Assignment programme, Max du Preez, has been appointed editor of Penta Publications’ De Kat magazine. The editorial staff of the magazine recently resigned. SABC management decided not to renew Du Preez’s contract a few months ago after accusing him of insubordination and racism. Du Preez was founding editor of […]
AFRICAN leaders pledged to continue respecting the existing borders inherited at the time of independence. In a declaration adopted at the Organisation of African Unity meeting, they said the respect of this principle had helped in the preservation of the continent’s peace and stability. In the ‘Algiers Declaration’, the leaders reaffirmed that they will to […]
SPRINGBOK South African flanker Corne Krige is sure to miss the World Cup after suffering a knee injury early in the first half of Saturday’s test defeat by the All Blacks in Dunedin. The Springboks were beaten 28-0. Krige, 24, had to come off after just 10 minutes and will fly back home on Monday […]
ZIMBABWEAN riot police are guarding the headquarters of President Robert Mugabe’s ruling Zanu(PF) party in the capital Harare on Wednesday, a day after running battles with scores of demonstrating war veterans. At least 14 veterans were arrested after police fired teargas to disperse stone-throwing protesters blockading the headquarters to demand compensation for their role in […]
OWN CORRESPONDENT, Brisbane | Thursday 10.10am. COACH Nick Mallett, denied six key players through injury, has gambled on a string of backline changes to bounce the Springboks back to form in Saturday’s Tri-Nation’s clash against Australia in Bisbane. After last week’s humiliating 28-0 defeat to New Zealand in Dunedin, Mallett knew he had to act […]
MICHAEL METELITS, Johannesburg | Thursday 5.30pm. SOUTH African markets waited for direction from the release of US Consumer Price Index information on Thursday, and then stayed with the data’s “no-direction” message. Most JSE indices closed without much change on Thursday, and bonds and the rand weakened slightly. US CPI data showed consumer prices unchanged in […]
THE Johannesburg Regional Court on on Tuesday refused another postponement for further investigation in the trial of the 26-year-old man who allegedly raped journalist Charlene Smith. Magistrate JD Pretorius refused to grant another postponement after strong objections from the legal representative of Johannes Zinto, who argued that his client is entitled to a speedy trial. […]
UNCAPPED loose forward Anton Leonard has been called into the South African squad for their Tri-Nations match against Australia in Brisbane next Saturday. Leonard – who plays for Super 12 semi-finalists The Stormers, once captaining them – will fly out on Monday as cover for injured flankers Rassie Erasmus and Corne Krige. Erasmus missed Saturday’s […]
CASINO stock Moribo Leisure Ltd plunged through its year low price of 150c to 120c on Monday as investors ditched the stock after a failed bid for the national lottery, analysts said. The share has retraced gains made on speculation that it would get South Africa’s first lottery licence, and it has slipped from a […]
SOUTHERN Sun is investigating the arrest last week of 177 members of the South African Commercial, Catering and Allied Workers’ Union, the hotel group said on Monday. Southern Sun industrial relations director Steve Lonie could not comment on whether the workers, who are among those on a legal strike, would lose their jobs. The 177 […]
BORDER upset Currie Cup champions Blue Bulls by beating them 20-15 on Tuesday in East London, after leading 13-3 at the break. Border’s eighthman, Graham Carlson, scored a sensational 40-metre solo try, adding to a try by flyhalf Kobus van der Merwe, both of which fullback Wayne Weyer converted and added two two penalties. This […]
TUESDAY, 11.30AM: THE South African sugar industry may grow quite easily after two seasons of record harvests, according to Dan MacLeod, South African Sugar Association chairman. The 1997/98 season produced a record 2404-million tons of the sweetener, and the 1998/99 harvest has been estimated to be about 2,7-million tons. A normal crop is at present […]
TUESDAY, 5.30PM: THE National Productivity Institute on Tuesday said South African companies have been slow in taking advantage of the open South African economy, preferring an inward focus on the domestic market. According to National Productivity Institute marketing management manager Grey van der Hoff, South African firms are inclined to “continue focusing on the local […]
TUESDAY, 10.00AM: BOTHA ROSSOUW, the former Springbok loose forward, will return to the South Western Districts Eagles rugby side for their Currie Cup match against the Golden Lions at Ellis Park on Friday night. Rossouw has been troubled by a knee injury for most of the season, and will add spice to the SWD pack […]
DENNIS BARNETT, Bangui | Wednesday 3.30pm. ALMOST 13000 people, including 6000 Democratic Republic of Congo government troops, have fled the northern Gbadolite region for neighbouring Central African Republic. The exodus follows the capture of Gbadolite, the home town of late Zairean dictator Mobutu Sese Seko, by a DR Congo rebel movement. “This presence is worrying,” […]
SARAH BULLEN and Reuters, Cape Town | Wednesday 4.30pm THE Johannesburg Stock Exchange saw far stronger trade on Wednesday on firmer international sentiment as fears rising from instability in Latin America abated. Argentine financial markets recovered on Tuesday in what traders there called a technical rebound, which has eased short term concerns about Latin America. […]
OWN CORRESPONDENT, Johannesburg | Wednesday 6.45pm. SOUTH AFRICAN shares recovered from Tuesday’s losses as concerns about emerging markets showed signs of easing. Reinforcing the positive tone was the promising outlook on the Dow Jones and FTSE 100 index. At 1600 local time (1400 GMT) close, the all-share index had gained 0.42%, the industrial index was […]
THE thatch-roofed home of the British High Commissioner to South Africa in was gutted by a fire on Wednesday but no-one was injured in the blaze. Commissioner Maeve Fort was not in Cape Town when her home, in the upmarket suburb of Bishop’s Court, caught fire causing the roof to collapse. A commission spokesman said: […]
OWN CORRESPONDENT, Nairobi | Wednesday 4.45pm. A FOUR-NATION cricket tournament involving India, Kenya, South Africa and Zimbabwe will be held here from September 24 to October 5, Kenya Cricket Association (KCA) chairman Sharad Ghai revealed in Nairobi on Wednesday. In the statement, Ghai said that the limited overs one-day matches will be played at Nairobi’s […]
A WHITE farmer “punished” a black farm labourer by stripping him and coating his body with paint for allegedly trespassing on his land in Mpumulanga, reports said on Wednesday. Moses Nkosi (21) told The Star newspaper that the farmer, apparently his former employer, accused him of trespassing last week and forced him into a farmhouse […]
ERSKINE McCULLOGH, Carnoustie | Tuesday 10.30am. SOME of the biggest names in golf have been left quaking after their first meeting with the toughest course in British Open history. A stunned Ernie Els walked off the Carnoustie links shaking his head in disbelief after his sneak preview last week. “It’s quite unbelievable. I don’t think […]
OWN CORRESPONDENT & Reuters, Johannesburg | Tuesday 10.00am. THE coaches of South Africa’s two leading club sides have quit within days of each other just three weeks before the start of the new season. Romanian-born Ted Dumitru, who has spent almost 20 years coaching in Africa, resigned at champions Mamelodi Sundowns on Thursday, citing interference […]
A once-off reparations tax should be levied on people of a certain income bracket to assist the victims of apartheid, the Archbishop of Cape Town, the Reverend Njongonkulu Ndungane, said on Tuesday. He was speaking in Durban at the 29th session of Provincial Synod of the Church of the Province of Southern Africa. This tax […]
OWN CORRESPONDENT, Johannesburg | Wednesday 2.00pm. SENIOR Dutch coach Clemens Westerhof takes his magic soccer wand to Swaziland this weekend hoping to produce another win for Zimbabwe. Since assuming command this year of the perennial under achievers, Westerhof has stopped the rot with four victories and two draws. The most notable win came in Johannesburg […]
OWN CORRESPONDENT, Johannesburg | Wednesday 5.00pm. AN 18-year search for one of South Africa’s most famous vessels, the SS Waratah, has come to an end. Her wreck was found off the eastern seaboard off the Transkei coast in June, marine explorer Emlyn Brown said on Wednesday. It was his ninth expedition since 1983 to find […]
MONDAY, 7.30PM: SOUTH Africa will not ask United States Treasury Secretary Robert Rubin for emergency aid to help its troubled economy, a Finance Ministry spokesman said on Monday. Rubin will arrive in Gauteng on Monday night on the second leg of a five-nation African tour. Finance spokesman Logan Wart said South Africa does not need […]
PORTUGAL rewarded wide ranging economic reforms in its former colony of Mozambique on Wednesday by rescheduling 90% of the impoverished country’s $470 million bilateral debt. Portuguese finance minister Sousa Franco announced the rescheduling in Maputo on Wednesday during a joint press conference with his Mozambican counterpart, Tomaz Salomao. Franco said the initiative formed part of […]