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/ 17 January 2008

R37,9bn deal firms Anglo’s iron-ore position

Anglo American, the world’s second-largest resources group, on Thursday strengthened its iron-ore portfolio by announcing a $5,5-billion (R37,9-billion) deal that will see it take control of key projects in Brazil. The group is holding exclusive negotiations with Mineração e Metálicos’s controlling shareholder, Eike Batista.

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/ 17 January 2008

Survey: $1 000 gold possible in 2008

"We have to start viewing $1&nbsp;000 as a clear possibility for later this year," precious-metals consultancy GFMS said on Thursday. Releasing its <i>Gold Survey 2007: Update 2</i>, the consultancy projected an average gold price of $840 an ounce over the first half of 2008 with further increases possible later in the year.

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/ 17 January 2008

Home builders to feel the heat

If the South African Reserve Bank needs further evidence of the dampening effect of higher rates on real economic activity, recent building data has been just that, according to independent economic analysts. A major challenge facing the government is also the extreme escalation in building costs.

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/ 17 January 2008

Kenya police, protesters face off

Kenyan police clashed with opposition members on Thursday in a second day of unrest over President Mwai Kibaki’s disputed re-election, and the opposition said police had killed seven. In opposition strongholds in the capital, Nairobi, and the western town of Kisumu, police fired tear gas and live bullets and struck at least two people.

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/ 17 January 2008

Troubled former child star dies at 25

Actor Brad Renfro, former child star of such films as The Client and Tom and Huck who had battled drug abuse in recent years, was found dead in Los Angeles on January 14 at the age of 25. A Los Angeles county coroner’s spokesperson said Renfro’s cause of death was under investigation.

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/ 17 January 2008

Co-founder of Hula Hoop, Frisbee company dies

Richard Knerr, co-founder of the toy company that popularised the Hula Hoop, Frisbee and other fads that became classics, has died. He was 82. Knerr, who started Wham-O in 1948 with his childhood friend Arthur ”Spud” Melin, died on January 14 at Methodist Hospital in Arcadia, California, after suffering a stroke earlier in the day.