Investors invest to make a profit. They want the best return for their buck in the shortest possible time span. Social responsibility does not usually come into play when people are deciding where to place their money. Of course, when they think aboutsocial responsibility they immediately equate it with having to sacrifice returns.
At least 30 people are believed to have died when their bus left the road and went over a cliff into a river near Cedarville in KwaZulu-Natal on Tuesday. Netcare 911 spokesperson Chris Botha said paramedics had told him that the bus went off an 80m embankment and landed upside-down in the river.
South Africa’s economic growth rate slowed to 2,1% in the first quarter of 2008 on a seasonally adjusted and annualised basis, official data showed on Tuesday, citing a sharp drop in mining due to a power crisis. Statistics South Africa said Q1 GDP slowed from 5,3% in the fourth quarter of 2007.
An agency that sold tickets for a Celine Dion concert in March and a cancelled Josh Grobin concert in April was on Tuesday placed under final liquidation. An application for the liquidation of Ticket Connection was brought before Judge P Burton-Fourie by the agency itself, which said it was unable to pay debts.
A South African university residence where a racist video degrading black workers was filmed earlier this year is being closed down, a spokesperson said on Monday. The homemade video, filmed by students of the Reitz residence at the University of the Free State, caused outrage when it was leaked in February.
A month before a presidential election run-off, Zimbabwe’s opposition said on Tuesday conditions were not conducive for a free and fair poll, but still expressed confidence it would oust Robert Mugabe. "As of yesterday [Monday], at least 50 of our supporters had been killed in violent attacks." the Movement for Democratic Change said.
Eskom’s proposed 53% tariff increase will have a negative effect on the economy, Business Unity South Africa (Busa) said on Tuesday. Speaking at the second day of public hearings of the National Energy Regulator of South Africa, Busa’s Roger Baxter said studies had shown the economic impact of the hike would lead to about 55Â 000 job losses.
The death toll from a fierce clash sparked by an Islamist insurgent attack on a Ugandan base in Mogadishu rose to 18 on Tuesday, witnesses and officials said. Late on Monday, a large group of insurgents attacked a major base in the Somali capital housing a Ugandan contingent of African Union peacekeepers.
A Japanese brewery on Tuesday said it was planning the first "space beer", using offspring of barley once stored at the International Space Station. Researchers said the project was part of efforts to prepare for a future in which humans spend extended periods of time in space — and might like a cold beer after a space walk.
The University of the Free State’s handling of the Reitz saga has not contributed to reconciliation, the Freedom Front Plus (FF+) said on Tuesday. FF Plus leader in the Free State Abrie Oosthuizen said the decision by the university to close the Reitz residence was an act of subservience to the African National Congress.