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/ 3 March 2008

Canadian rocker Jeff Healey dies of cancer

Canadian blind rocker Jeff Healey, who uniquely played his guitar flat on his lap, died of cancer on March 2 on the eve of his latest album release, his publicist said in a statement. Healey (41) died in a Toronto hospital of a rare cancer, <i>retinoblastoma</i>, that he had fought since birth and which claimed his eyesight at the age of one.

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/ 3 March 2008

PMI falls to four-and-a-half year low

South Africa’s Purchasing Managers Index (PMI) fell to a four-and-a-half year low of 46,4 in February, knocked by slowing demand and a crippling power shortage. The fall in the index, a measure of manufacturing activity, from 52,1 in January reflected lower new sales orders and marked the first decline below the 50 mark, which separates expansion from contraction, since 2003.

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/ 3 March 2008

Standard Bank has $2bn boost as ICBC deal closes

Standard Bank has received a R16-billion boost to its capital base after completion of a deal in which China’s biggest lender ICBC took a 20% stake, it said on Monday. International and Commercial Bank of China, the world’s biggest lender by assets, said in October last year it would pay ,5-billion for the stake in Standard Bank.

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/ 3 March 2008

Cachalia: Violent crime down in Gauteng

Sixty-one percent of all Gauteng policing precincts recorded a decrease in the total amount of violent crimes between July and December 2007, compared with the same period the previous year. Addressing the, Gauteng minister for community safety Firoz Cachalia said violent contact-crime categories decreased within the target range of between 7% and 10%.

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/ 3 March 2008

Cable theft costs Telkom R863m

Copper cable theft between April last year and the end of January has cost Telkom R863-million, the telecommunications provider said on Monday. In a statement, Telkom said the ”alarming surge” in copper cable theft was the biggest inhibitor in its capability to improve service levels.

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/ 3 March 2008

Harbhajan cleared of racist gestures

India spinner Harbhajan Singh was cleared on Monday of making racist gestures and spitting at fans during his team’s one-day win over Australia on Sunday. Harbhajan was crucial in Sunday’s victory, which gave India a 1-0 lead in the tri-series finals, claiming the key wickets of Andrew Symonds and Matthew Hayden.