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/ 22 January 2008

Power cuts may spook investors

An electricity shortage that has led to frequent power disruptions in South Africa could chase away investors, denting growth and portfolio inflows and weakening the rand. Economists estimate the cost to the economy has run into hundreds of millions of rands, adding to the woes brought on by the falls in financial markets.

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/ 22 January 2008

Banks raise alarm over Kenya

The World Bank and African Development Bank, acting over the turmoil in Kenya, said on Tuesday they may have to adjust lending programmes if unrest persists following a disputed poll. ”We wish to continue working with the people of Kenya … but it is difficult to do so effectively in an environment of instability,” they said.

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/ 22 January 2008

Hollywood writers’ strike clouds Oscars

In the 80 years since the first Oscars were handed out, it has taken a war or a flood or an assassination to delay the celebration surrounding the film industry’s highest honours. Now Hollywood is wringing its hands over whether the strike by screenwriters could, or should, be enough to postpone the Academy Awards.

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/ 22 January 2008

Zimbabwe threatens banks over cash crisis

President Robert Mugabe’s government has ordered banks to end a banknote shortage or risk being closed, state media reported on Wednesday. Banknotes have joined the long list of basic commodities in short supply in the Southern African country, which is grappling with an acute economic crisis blamed on Mugabe’s policies.

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/ 22 January 2008

Star of Brokeback Mountain found dead

Heath Ledger, the Australian actor nominated for an Oscar in 2006 for his depiction of a brooding gay cowboy, was found dead in his Manhattan apartment on Tuesday. He was 28. He was discovered in his bedroom in the apartment in the SoHo neighbourhood of Manhattan at 3.30pm by a housekeeper and a masseuse.

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/ 22 January 2008

Top Scorpions sleuth out on bail

Scorpions investigator Ivor Powell was granted R1 000 bail in the Cape Town Magistrate’s Court on Wednesday. His case was remanded to April 29 pending the outcome of his blood alcohol tests. He was arrested on Tuesday night, apparently in the company of alleged Americans gang boss Igshaan Davids.