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/ 6 November 2006

House-price growth slows down in October

According to the Absa house-price index, nominal house price growth of 12,7% year-on-year was recorded in October this year, compared with a revised growth rate of 13,5% in September. The bank’s researchers said this brought the average price of a house in the middle segment of the market to R830 700 in October.

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/ 6 November 2006

Pulitzer-winning author dies of pneumonia

William Styron, the Pulitzer Prize-winning novelist whose explorations of the darkest corners of the human mind and experience were charged by his own near-suicidal demons, died on November 1 in Martha’s Vineyard, Massachusetts. He was 81. Styron’s daughter, Alexandra, said the author died of pneumonia.

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/ 6 November 2006

Bakwena regent back on throne

Deposed Bakwena ba Mogopa regent Emmanuel Segwagwa Mamogale will reassume his position at the helm of the platinum-rich tribe after successfully challenging last year’s decision by North West Premier Edna Molewa to relieve him of his duties. Motlalepule Mathibedi, who had replaced Mamogale, recently signed a mining deal worth R1,9-billion with African Platinum on behalf of the tribe.

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/ 6 November 2006

Jerusalem gay march damned by religious Jews

Thousands of gay Israelis are to rally in Jerusalem on Friday, defying the risk of violence from religious hard-liners outraged by what they brand an abomination to the sanctity of the Holy City. Ultra-Orthodox Jews have staged nightly violent protests, aiming to force the cancellation of an already twice-delayed event.

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/ 6 November 2006

An unwelcome story: China’s forex reserves

China’s foreign exchange reserves officially hit a record-shattering -trillion on Monday, and they could top -trillion sooner rather than later, economists said. Even if Chinese officials have vowed to slow the growth in this huge stash of cash, they are up against vast and inexorable economic forces and, just as important, a national policy of keeping the currency stable.

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/ 6 November 2006

Soweto ATM blasted open in robbery attempt

An automated teller machine (ATM) at a petrol station in Pimville was badly damaged after dynamite was used to blow it open on Monday morning, Soweto police said. Sergeant Richard Munyai said the incident occurred at about 1am. ”The petrol attendants said they smelled something funny and went to investigate.”