No image available
/ 25 January 2008

SA mines shut down as power crisis worsens

South African gold producers and the world’s biggest platinum miner suspended production at all their mines in the country on Friday due to a power crisis, helping send precious metal prices to new highs. Shares in most of the affected firms dived as the government said the power cuts were ”a national emergency”.

No image available
/ 25 January 2008

It’s official — Polish post is slow as snails

An IT worker, after receiving a letter on January 3 that was sent on December 20 as priority mail, calculated that a snail would have made it even faster to his home than the letter. Daily Gazeta Wyborcza said Michal Szybalski calculated that it took 294 hours for the letter to arrive at his home. He also said the distance between his home and the sender was 11,1km.

No image available
/ 25 January 2008

Federer humbled by Djokovic in semis

Roger Federer’s invincibility was pierced, then pummelled and finally pulled apart at Melbourne Park on Friday, the world number one being brutally ejected from the Australian Open semifinals by Novak Djokovic. The Swiss champion and top seed fell 7-5 6-3 7-6, ending his bid to reach an 11th consecutive Grand Slam final.

No image available
/ 25 January 2008

Iraq PM declares ‘final war’ on al-Qaeda

Iraqi Prime Minister Nuri al-Maliki declared ”final war” on al-Qaeda on Friday after dozens of people including a police chief were killed in bomb attacks blamed on the jihadists in Mosul city. Iraqi forces were moving towards Mosul, 370km north of Baghdad, for a major assault that would become a ”decisive battle”, Maliki told a gathering in the central shrine city of Karbala.

No image available
/ 25 January 2008

Govt outlines plans for power crisis

Switch off your lights is what the government is urging South Africans to do to immediately address what it calls a ”national electricity emergency”. On Friday, Public Enterprises Minister Alec Erwin and Minerals and Energy Minister Buyelwa Sonjica outlined several plans to alleviate the country’s electricity shortage.

No image available
/ 25 January 2008

Remain level-headed in volatile markets

Six months ago, everything was rosy — robust global growth fuelled by seemingly limitless demand from China and India, strong corporate balance sheets, record prices across most asset classes, and enormous infrastructure spend anticipated in South Africa. Now appetite for risk has disappeared and any bad news stokes further panic.