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/ 27 February 2008
The JSE moved southwards by midday on Wednesday due to profit-taking among financials as well as worse-than-expected consumer-inflation data. It was announced that the local consumer price index excluding mortgage rate changes (CPIX) for metro and other areas was up 8,8% year-on-year (y/y) in January, from 8,6% y/y in December.
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/ 27 February 2008
Russian First Deputy Prime Minister Dmitry Medvedev, whose victory in Sunday’s presidential election is all but assured, on Wednesday took a day out from his unofficial campaign … in order to campaign. National television showed Medvedev responding to the audience’s queries about pensions and salaries.
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/ 27 February 2008
By the end of the year half of the world’s population will be living in cities for the first time in history, the United Nations said in a report released on Tuesday. According to the report, by the year 2050 there will be 6,4-billion people living in cities, up from 3,3-billion now.
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/ 27 February 2008
South Africa’s targeted CPIX inflation rate quickened to 8,8% year-on-year in January from 8,6% in December, above forecasts, data showed on Wednesday. The all-items consumer price index (CPI) increased by an annual rate of 9,3%, compared to 9% in December, Statistics South Africa said.
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/ 27 February 2008
South Africa’s government threw its weight behind embattled Cricket South Africa (CSA) president Norman Arendse on Tuesday by calling for an increase in the number of black players in national teams. Arendse angered selectors and CSA chief executive Gerald Majola by vetoing the squad chosen by national selectors to tour Bangladesh.
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/ 27 February 2008
The European Commission fined Microsoft a record €899-million on Wednesday for failing to comply with a 2004 antitrust ruling against the United States software giant. The fine comes on top of the €497-million that Microsoft already had to pay after Europe’s top antitrust watchdog found the company guilty in 2004 of abusing its dominant market power.
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/ 27 February 2008
Nedbank Group, South Africa’s fourth-largest bank, said on Wednesday 2007 headline earnings per share rose 33,8% despite rising household debt, but it warned of increasing default rates. Nedbank, majority-owned by insurer Old Mutual, said 2007 headline earnings rose 33,5% to R5,921-billion as its retail and corporate units grew on higher investment in infrastructure.
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/ 27 February 2008
India’s new cricket coach Gary Kirsten said on Wednesday he was impressed with the team’s aggressive attitude despite controversies on their ongoing tour of Australia. ”What I like about Indian cricket as a whole now, and especially about the young players, is that they are ready to accept the battle,” said the former South African batsman, who officially takes over as coach next month.
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/ 27 February 2008
An earthquake with a magnitude of 5,2 shook parts of Britain on Wednesday but officials said there were no reports of anyone being killed or serious damage. The quake struck about an hour after midnight and many people in the capital London and other areas said they had been woken up by the tremors.
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/ 27 February 2008
Almost any proud traveller has said it upon returning home: Hey, want to see the pictures from my trip? Sure, President George Bush. Fire up the slideshow. In a rare presidential show-and-tell, Bush spent almost 30 minutes on Tuesday narrating images from his five-country journey across Africa.