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/ 27 February 2008
Russian First Deputy Prime Minister Dmitry Medvedev, whose victory in Sunday’s presidential election is all but assured, on Wednesday took a day out from his unofficial campaign … in order to campaign. National television showed Medvedev responding to the audience’s queries about pensions and salaries.
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/ 27 February 2008
South Africa’s targeted CPIX inflation rate quickened to 8,8% year-on-year in January from 8,6% in December, above forecasts, data showed on Wednesday. The all-items consumer price index (CPI) increased by an annual rate of 9,3%, compared to 9% in December, Statistics South Africa said.
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/ 27 February 2008
South Africa’s government threw its weight behind embattled Cricket South Africa (CSA) president Norman Arendse on Tuesday by calling for an increase in the number of black players in national teams. Arendse angered selectors and CSA chief executive Gerald Majola by vetoing the squad chosen by national selectors to tour Bangladesh.
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/ 27 February 2008
The European Commission fined Microsoft a record €899-million on Wednesday for failing to comply with a 2004 antitrust ruling against the United States software giant. The fine comes on top of the €497-million that Microsoft already had to pay after Europe’s top antitrust watchdog found the company guilty in 2004 of abusing its dominant market power.
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/ 27 February 2008
Nedbank Group, South Africa’s fourth-largest bank, said on Wednesday 2007 headline earnings per share rose 33,8% despite rising household debt, but it warned of increasing default rates. Nedbank, majority-owned by insurer Old Mutual, said 2007 headline earnings rose 33,5% to R5,921-billion as its retail and corporate units grew on higher investment in infrastructure.
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/ 27 February 2008
India’s new cricket coach Gary Kirsten said on Wednesday he was impressed with the team’s aggressive attitude despite controversies on their ongoing tour of Australia. ”What I like about Indian cricket as a whole now, and especially about the young players, is that they are ready to accept the battle,” said the former South African batsman, who officially takes over as coach next month.
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/ 27 February 2008
Almost any proud traveller has said it upon returning home: Hey, want to see the pictures from my trip? Sure, President George Bush. Fire up the slideshow. In a rare presidential show-and-tell, Bush spent almost 30 minutes on Tuesday narrating images from his five-country journey across Africa.
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/ 27 February 2008
Nationwide Airlines will sell a majority stake to black investors that will result in the company’s recapitalisation, a media report said on Wednesday. Vernon Bricknell, Nationwide’s chief executive said investors, whom he declined to name, would bring resources to the table, including the company’s recapitalisation.
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/ 27 February 2008
The Congress of South African Trade Unions (Cosatu) axed Willie Madisha as its president on Wednesday over his involvement in a missing donation scandal. This comes after a commission probing the matter presented its findings and recommendations to Cosatu’s central executive committee at its meeting this week.
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/ 27 February 2008
The death toll in Madagascar from Cyclone Ivan stood at 60 on Tuesday, with another 17 missing, the government said. Figures released by the disaster management centre also said 147Â 000 were homeless because of the cyclone that hit on February 17 carrying winds of up to 230km/h and torrential rains.