Staff Reporter
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/ 21 May 2008

Manuel: Rand moves linked to dollar

Movements in the rand currency are more likely to be linked to volatility of the United States dollar than other factors, such as recent attacks on migrant workers, South African Finance Minister Trevor Manuel said on Wednesday. ”I think that we’re living through a period now where there is a lot of volatility in exchange rate markets everywhere,” he said.

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/ 21 May 2008

Judge cautions Najwa as trial is postponed

Murder accused Najwa Petersen, now on her fourth advocate, will have to conduct her own defence if she changes her lawyer again, a Cape High Court judge warned on Wednesday. Judge Siraj Desai delivered the warning as he postponed the trial to July 28 to enable her latest advocate, Johann Engelbrecht, to get up to speed.

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/ 21 May 2008

Mugabe: Zim opposition on ‘evil crusade’

President Robert Mugabe accused Zimbabwe’s opposition of embarking on ”an evil crusade” as he stepped up claims on Wednesday that the Movement for Democratic Change (MDC) is to blame for mounting violence. ”The MDC opposition, formed at the behest of Britain, is on an evil crusade of dividing our people,” Mugabe said.

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/ 21 May 2008

Woman rescued nine days after China quake

A woman was rescued on Wednesday after spending nine days in the tunnel of a power plant after China’s devastating earthquake, the state-run Xinhua news agency said. Zeng Changhui had been stuck in the water tunnel of the Shifang area hydropower plant since the 7,9-magnitude earthquake struck on May 12, Xinhua said.

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/ 21 May 2008

SA industrial drive hit by high steel prices

South Africa’s manufacturing sector remains ”resilient” amid global pressures, but the price of carbon steel is holding back the country’s industrial drive, a senior government official said on Tuesday. The Cabinet approved a multi-pronged industrial action plan last year to help drive Africa’s strongest economy in its quest to achieve a 6% growth rate by 2010.

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/ 21 May 2008

Gauteng says attacks on the wane

The xenophobic attacks in Gauteng appeared to have subsided, a provincial spokesperson said on Wednesday. However, KwaZulu-Natal police are monitoring a possible outbreak of attacks there. ”There are no new reports of attacks,” said Thabo Masebe, deputy director of communications for the provincial government.