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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
Britain on Tuesday said that the Kenyan army is now ”by far the best option” to stop a sectarian bloodbath as peace talks in Nairobi between the government and opposition were suspended. Former United Nations secretary general Kofi Annan suspended talks between the government and the opposition negotiating teams after it became clear they were going nowhere.
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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.
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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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/ 26 February 2008
A video of University of the Free State employees on their knees eating food which had been urinated upon was condemned ”in the strongest possible terms” by the university on Tuesday. The video, made by male students at the Reitz Residence, surfaced on Tuesday morning and adds to an already tense racial situation at UFS.
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/ 26 February 2008
Argentina have been invited to play world champions South Africa in a Test match in August to mark former president Nelson Mandela’s 90th birthday, the Argentine union (UAR) said. The UAR has contacted European club authorities to ask for the release of their international players for the Test in Johannesburg.