MINING company Consolidated African Mines (CAM) Wednesday reported an attributable profit of R132,5 million for the past financial year. This came after a loss of R178,6 million for the nine months to March 1998, the company said in a statement. CAM owns 64% of JCI Gold and has shares in the prominent Western Areas and […]
THE disciplinary hearing of Stormers player representatives Andy Marinos and Corne Krige has been postponed to July 21. The hearing was scheduled to take place on Tuesday, but was postponed at the request of the two players’ legal representatives, who informed Sarfu that they were not able to represent their clients on that day. July […]
A Union for the Total Independence of Angola (UNITA) MP in jail for collaborating with the organisation’s historic leader, Jonas Savimbi, is seriously ill, his wife said on Tuesday. Jose Domingos, locked up in February accused of aiding Savimbi from Luanda, has an unidentified illness that is causing progressive paralysis of his limbs, his wife […]
TUESDAY, 1.00PM: THE disappointing quality of the Northern Hemisphere rugby teams that have recently toured South Africa, New Zealand and Australia (Sanzar), has the three countries looking at new options for increasing the number of genuinely exciting fixtures on the rugby calendar. On July 15, the Sanzar countries will meet to discuss the problem and […]
THE NATAL Sharks overcame a nine-year drought to beat the Blue Bulls in a thrilling finish at Loftus Versfeld on Sunday. The Natal side triumphed 27-16. The last time the Sharks won in Pretoria was in 1990, but by outscoring their opponents five tries to one, the visitors overcame the hoodoo and now move into […]
PORTS and rail networks are next in line for partial privatisation, after the successful sell-off of 20%of South African Airways to Swissair, Trade and Industry Minister Alec Erwin said on Tuesday. Erwin told a Cape Town press briefing that ports and rail had been targetted by the government because much new investment in the country […]
The Standard Bank National Arts Festival had a proud history of turning South Africa’s division and conflict into a celebration of unity and diversity
DAVID SHAPSHAK, Johannesburg | Tuesday 12.15pm. THE South African Rugby Football Union top brass will meet on Friday to discuss rugby and the sports body’s transformation and policies for Springbok and provincial selection after last week’s race selection row. Sarfu CEO Rian Oberholzer on Tuesday called the meeting with his management committee after the union’s […]
MOZAMBIQUE’S former island capital and once-thriving Arabic trade city, Ilha da Mozambique, may soon be revived to its former glory as part of a multi-million dollar project to rehabilitate the archipelago off the coast of Nampula province. It was the country’s capital for nearly 400 years until the seat moved to Maputo in 1898 and […]
MICHAEL METELITS, Johannesburg | Wednesday 5.00pm. SIGNIFICANT over-provision of the daily tender by the South African Reserve Bank sent a positive signal to the markets on Wednesday, boosting the JSE, bonds, and the rand. The good news came on top of yesterday’s current account surplus release. While the current account surplus demonstrates SA’s fundamentals are […]
THE new Health Minister, Dr Manto Tshabalala-Msimang on Tuesday promised a “truly multi-sectoral response” to the scourge of HIV/Aids. Speaking in Cape Town, she said she would meet next week with researchers working on the disease and with other stakeholders. Her department would study closely the call by United Nations Secretary-General Kofi Annan to declare […]
BRYAN PEARSON, Cape Town | Tuesday 1.00pm. 8.00pm: TALKS to find a peace deal for the 11-month war in the Democratic Republic of Congo (DRC) stalled on Wednesday when the DRC government delegation objected to rebels signing a cesefire agreement, a Zambian private radio station said on Wednesday. Radio Phoenix quoted diplomatic sources saying President […]
A GENERAL strike in Senegal on Monday paralyzed Dakar’s airport, where all operations were suspended, and the situation was expected to remain the same on Tuesday. The general strike, Senegal’s first in seven years, was called by trade union leaders after the collapse of negotiations with the government over pay and social welfare terms. Despite […]
TUESDAY, 1.00PM: SOUTH Africa and its Southern African Customs Union partners meet in Gaborone, Botswana on Tuesday in a bid to restart failed talks over a revamped customs union. The talks, initiated in 1994 by the South African government, collapsed after members failed to agree on the institutional framework and polices which would form the […]
FREE State kept up their excellent Bankfin Currie Cup form when they made it four victories from four matches in an action-packed weekend’s rugby which left the Cheetahs alone at the top of the log. Two Springbok veterans — loosehead prop Os du Randt and centre Brendan Venter — starred as Free State took the […]
NIGERIAN President Olusegun Obasanjo appointed a 49-member government on Wednesday, in a key step to launching his political programme a month after taking office. As widely predicted, Obasanjo named former chief of defence staff retired general Theophilus Danjuma as defence minister and former central bank governor and agriculture minister Adamu Ciroma as finance minister. Northerner […]
THE Democratic Republic of Congo’s central bank announced on Wednesday the country’s reviled former currency – the New Zaire – is being completely withdrawn from circulation after a year-long phase-in of the Congolese franc. The old notes, introduced during the rule of the late dictator Mobutu sese Seko in what was then Zaire, have ceased […]
NORTHERN PROVINCE premier Ngoako Ramatlhodi on Wednesday rejected calls by the opposition for a referendum in Bushbuckridge on whether the region’s provincial borders should be redrawn. Dismissing the United Democratic Movement call for a referendum as a “non starter”, Ramatlhodi told the legislature that overwhelming support for the African National Congress by voters during the […]
RESIDENTS of the besieged northern Angolan town of Malanje are dying at the rate of dozens each day, either from UNITA shelling or from hunger, a non-governmental organization said on Tuesday. Fifty people lost their lives on Monday and Tuesday, said Jorge Sasassa, coordinator of the Committee of Solidarity with Malanje (CSAM). At least five […]
MANCHESTER United confirmed on Wednesday they have pulled out of the 1999/2000 FA Cup. The decision means they will now participate in FIFA’s inaugural World Club Championship in Brazil next January without fixture congestion. In a statement the club said: “We realise that many of our supporters will be as disappointed as we are with […]
THE controversial Double Explosion soccer match between a World XI and the Premier Soccer League All Stars is off, SABC television news reported on Wednesday. The broadcaster said overseas players — the likes of Maradonna were to have played — had a change of heart because former President Nelson Mandela woill not be at the […]
NIGERIA has banned the importation of chicken, poultry and dairy products from Belgium, claiming they are not fit for human consumption, a top official said in reports on Wednesday. Gabriel Osuide, director general of the state-run National Agency for Food and Drug Administration and Control told reporters on Tuesday that the ban was necessitated by […]
A FINAL decision on where to construct the Epupa hydropower project is being delayed by the ongoing war in Angola which has prevented officials from Luanda attending a key meeting in Windhoek. Namibia and Angola are already at loggerheads over which site on the Kunene river to choose with the Angolans favouring a smaller dam […]
MOZAMBIQUE will have around 150000 tonnes of staple white maize for export this year after a bumper harvest, according to the Board of Trade’s monthly cereals bulletin. The bulletin, which was published in Maputo this week, said the surplus Is mainly in the north and centre of the country, as it was last year. The […]
TRADE and investment between Mpumalanga and Britain will be boosted with the opening of a major British exhibition in Nelspruit next month. The exhibition will be opened by Nick Mclnnes, British consul-general, on July 6 at the Nelspruit civic centre. The exhibition is part of a three-year “partners in opportunity” campaign in South Africa, and […]
MAIZE meal supplies were running perilously low in Zimbabwean shops on Tuesday, with output of Zimbabwe’s staple food dwindling as a stand-off over prices between millers and the government entered its second week. Supermarkets around the capital Harare have run out of the cheaper variety of maize meal. Newspapers say supplies in other parts of […]
TUESDAY, 1.00PM: SOUTH African manufacturing exports have grown at a rate well above 10% since 1994, marking a significant improvement in the export sector, department of trade and industry representative Alan Hirsch said on Monday night. Speaking on behalf of Trade and Industry Minister Alec Erwin at a conference on competitive growth and job creation, […]
AFTER another storming performance for the Natal Sharks, this time at flyhalf, Andre Joubert’s class and experience could be the decisive element a stagnant Springbok backline needs. With incumbent Percy Montgomery playing well below his potential, , the “Rolls Royce of fullbacks” is fit and raring to go, and producing outstanding rugby.
ZIMBABWE on Tuesday appealed to the International Monetary Fund to speedily approve the release of the standby balance of payments support for Zimbabwe, saying Harare urgently needs donor support to revitalize its economy. The Zimbabwean National Economic Consultative Forum said it is also crucial that other multilateral and bilateral donors open their doors for Zimbabwe […]
IN the midst of crisis meeings of the South African Rugby Football Union over race selection, Nick Mallett has named Kayalethu Malotana of the Border Bulldogs to the Tri-Nations Springbok team. Mallet was quick to stress that Malotana has “earned his chance”. “I’ve watched his recent performances in the Bankfin Currie Cup with interest and […]
SIX people died when a helicopter crashed a week ago in Angola including the Deputy Interior Minister Jeronimo Marcolino Ngongo and the deputy chief of police intelligence Baltazar Gourgel Ndombolo, the interior ministry said Wednesday. Their bodies, found on Monday in southwestern coastal province of Namibe, have been sent to Luanda. An unsuccessful search was […]
OWN CORRESPONDENT, Washington | Wednesday 8.30pm. THE World Bank on Wednesday announced an agreement to grant Mozambique $3,7-billion in debt relief from its external creditors. In terms of net present value, which reflects current interest and exchange rates, the relief is worth $1,7 billion dollars against present value of future debt obligations. The assistance is […]