The Dutch Authority of Financial Markets (AFM) directed on Monday that all information concerning the ABN Amro takeover be made public. The watchdog of the Dutch financial industry said this is necessary to prevent possible fraud in the proposed takeover.
Two Congress of South African Trade Unions-affiliated (Cosatu) public-sector unions on Sunday said they planned to follow a ”work-to-rule” principle ahead of an announcement on a looming national strike. The unions said the work-to-rule action would start on Monday.
Hope in the form of rain turned into fear that stronger winds were on the way early on Monday as firefighters faced another hard day battling a massive wildfire along the Georgia-Florida line in the United States. The wildfire that raced through the Okefenokee swamp in south-east Georgia and into Florida was started by lightning more than a week ago.
Corrie Sanders’s mission to regain a slice of the world heavyweight boxing title has suffered a major blow after he hurt his hand during his bout against Brazilian Daniel Bispo at Emperors Palace outside Johannesburg at the weekend. Sanders hurt his left hand in the first round, forcing him to fight virtually with one hand for the full 10 rounds.
Cerberus Capital Management appears close to striking a deal to buy Chrysler Group, a source familiar with the matter said, in an agreement that would place the number three United States automaker in the hands of a private equity owner. An announcement of the pact with DaimlerChrysler could come as early as Monday.
Four people were slightly injured when a helicopter fighting a veld fire in the Table Mountain National Park made an emergency landing on Monday, said firefighting officials. The helicopter was one of two being used by the government-sponsored Working on Fire programme to douse the wildfire in the park near Cape Town.
Chinese companies operating in Africa must be more sensitive to local conditions and give back to communities to succeed in a continent that is a growing Chinese investment target, officials said on Monday. China’s engagement with Africa has been deepening, with more than 800 companies, most state-owned, operating there.
China successfully launched a domestically produced communications satellite for Nigeria on Monday, Xinhua news agency reported. The Long March 3-B rocket carrying the satellite blasted off from the Xichang Satellite Launch Centre in the south-western province of Sichuan just after midnight, Xinhua said.
The 2010 Soccer World Cup will contribute at least R51,1-billion to gross domestic product (GDP) between 2006 and 2010, R21-billion more than estimated during the bidding phase of the World Cup in 2003. Of this revised amount, R15,6-billion will be created by foreign tourists, Business Report wrote on Monday.
Just a few months ago, flatbed trucks, pickups and even a creaking bicycle streamed up to a concrete-block hut, bringing bags of copper and cobalt ore from the mines of southern Democratic Republic of Congo (DRC). The shelter is a buying depot for JMT Mining SPRL, one of dozens of informal collection points for ore exported for processing to feed China’s demand for industrial commodities.