Staff Reporter
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/ 13 March 2008

Trade conditions out of negative territory

Trade conditions appear to be out of negative territory after the Trade Activity Index (TAI) increased for the third month in a row, the South African Chamber of Commerce and Industry said on Thursday. The TAI, which measures the view of business on current trade activity, increased from 44 in December last year to 48 in January and 50 in February

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/ 13 March 2008

Durban counts cost of devastating floods

Durban’s disaster-management team and city officials are busy calculating the cost of damage caused during a heavy downpour on Tuesday night that continued into the early hours of Wednesday. Two oil refineries, hospitals, courts, homes, shacks, railway lines, buildings and roads were affected by the overnight storm.

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/ 13 March 2008

Global equities weigh on JSE

World markets continued to weigh on the JSE on Thursday — pushing the bourse down 0,93% by midday. At noon, the JSE’s bank index fell 1,87%, financials gave up 1,61% and industrials were 1,4% lower. The platinum mining index declined 1,41%, resources shed 0,38% but the gold mining index advanced 1,69%.

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/ 13 March 2008

ANC would campaign against death penalty

The African National Congress would campaign against the death penalty if a referendum was held on the issue, the party’s secretary general Gwede Mantashe said on Wednesday. Mantashe’s remarks follow last week’s statement by party president Jacob Zuma that a referendum should be held if enough South Africans wanted it.

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/ 13 March 2008

Super 14 revamp in the works

New Zealand Rugby Union boss Steve Tew was forced into the role of moderator on Thursday as Australian counterpart John O’Neill espoused a radical plan to revamp Super 14 rugby. O’Neill said ”high level discussion” had begun on a plan to expand the tournament to six-and-a-half months from February to August.

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/ 13 March 2008

Five men rob and burn victims with iron

Five men robbed a family at Hennopsriver in the Erasmia area, burning the mother and father with an iron. Constable Patricia Simelane said the men demanded money — saying that they had been told there was money in the house — and ”they burnt the mother and father with an iron three of four times on the upper body”.