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NATIONAL Tyre Service Limited (NTS) recorded a revenue of US$2,3 million, while its diluted profit per share was US$0,18 for its maiden results in US dollars for the interim period ending September 30 2009. The comparative figures from the previous financial period have not been made available as these were based on the Zimbabwe dollar which is no longer functional.
DURING the Cold War, many members of the African National Congress (ANC) in exile and the underground waited for their names to be called. If they were not, it meant they were not among the most ideologically advanced cadres . But they would continue waiting in the hope that one day they too would swell the ranks of the South African Communist Party (SACP).
IN RECENT months, we have witnessed intense debate around corporate governance in state-owned enterprises in SA. The matter of conflict of interest and whether or not a board member, a political office bearer or an employee should be allowed to transact with the organisation that he is a member of, has been at the centre of the debate.
Mother Russia - winner of nine of her 17 races - will be the big draw card in tomorrow's R300,000 Ipi Tombe Challenge at Turffontein, but could meet her match in progressive four-year-old Queen's Bay.
A TRADE union has accused Barloworld Logistics Africa CEO Isaac Shongwe of abusing his position as trustee of its investment trust to cash in on its empowerment deals.
PRIVATE sector stakes in Eskom projects could increase, depending on economic growth and electricity demand, Energy Minister Dipuo Peters said yesterday.
Construction Group Basil Read has confirmed that the Companies and Intellectual Property Registration Office has sanctioned their buyout of TWP.
SA WOULD lose more jobs in spite of the recession ending and a task team's efforts, President Jacob Zuma warned yesterday.
DECEMBER 3,Traditional dancers during the 2010 Host City Display Media Cocktail Reception at the CTICC with the Mayors and representatives of the nine 2010 Host Cities on December 3, 2009 in Cape Town, South Africa.
ROY Andersen, the non-executive chairman of Sanlam, wishes to step down and deputy chairman Patrice Motsepe does not want the job either.
The financial year ending 31 July 2009 showed a strong financial performance for Agra, with gross turnover exceeding N$1,2 billion. Gross profit for the group increased by 10,5% from N$111,2 million in 2008 to N$122,9 million in 2009. Net profit after tax for the group increased by 18 % to the highest ever net profit of N$23,9 million (2008: N$20,3 million).
The Development Bank of Namibia (DBN) became proudly Namibian this week by joining Team Namibia.
Opposition political parties has raised concern about possible rigging and five days after the elections, the Electoral Commission of Namibia (ECN) has yet to announce the outcome of the polls.
With this week marking World Aids day, the lesbian, gay, bisexual, transgender and intersex people(LGBT) hopes to achieve a world where all people can fully enjoy human rights and have equal access to opportunities regardless of their sexual orientation or gender identity, said Jacobus Witbooi, Project coordinator of the People in Need Sexual Minorities Project.
The shareholders of De Beers have agreed in principle to a rights issue to reduce debt, the company said in a statement this week.
Although the global financial crisis had an affect on the coastal town of Walvis Bay's economy, several projects have been undertaken this year to ensure the development and upliftment of the town's community.
On a recent visit to Swakopmund, one thing very visible was that the place where the Strand Hotel once stood is empty.
Children in Otavi's informal settlement, some of whom are as young as six years old, regularly beg for water from residents who live in other suburbs and spend each day at a rubbish dump site looking for food. These were some of the findings by a Legal Assistance Centre (LAC) documentation project.
"We need to effectively support the development and full implementation of the Ministerial HIV Work-place Programme (WPP) that will guide us to effectively intergrate HIV/AIDS activities into the core functions of the Ministry," said Deputy Permanent Secretary of Foreign Affairs, Hon Hinyangerwa Ashiike at the World Aids Day commemoration event at the Ministry of Foreign Affairs this week.
KONKOLA Copper Mines (KCM) has formally charged the 48 workers who recently took part in the riot in which property worth millions of Kwacha was destroyed.
THE Public Accounts Committee (PAC) has recommended that the Government should take disciplinary measures against controlling officers that violate financial regulations by consistently misusing public funds.
A NORTH West landowner who was granted a court order in September compelling the Land Claims Commission to pay him in 48 hours finally received his money yesterday after his lawyer began attachment proceedings against the state.
INTERNATIONAL institutions are pleading with African governments to fast-track the construction of cross-border transport networks, saying this would open up the continent for direct foreign investment.
MONETARY policy does not operate in a vacuum and policy makers should recognise the social context in which they work, Reserve Bank governor Gill Marcus has said.
BUSINESS confidence rose last month, the South African Chamber of Commerce and Industry said yesterday, as it warned that Eskom's proposed 35% hike in electricity tariffs stood "counter to prospects for economic recovery".
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