Staff Reporter
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/ 14 February 2008

Clashes break out in troubled DRC region

Fresh clashes were reported on Wednesday between armed groups in a troubled region in the east of the Democratic Republic of Congo (DRC), in breach of a three-week-old ceasefire. Soldiers loyal to rebel General Laurent Nkunda and Mai Mai militiamen exchanged gunfire in towns north-west of Goma, the capital of Nord-Kivu province, a local official said.

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/ 14 February 2008

Murdoch rescue bid for Yahoo! sets up showdown

Rupert Murdoch’s News Corporation (News Corp) is negotiating to rescue embattled internet company Yahoo! through an alliance that could set up a heavyweight business showdown between the Australian-born media mogul and Microsoft’s Bill Gates. News Corp has begun tentative talks about merging its online division with Yahoo!.

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/ 14 February 2008

The Sting: Part I

There will not be ”two centres of power” and the government and ANC will work smoothly together, the ANC has soothingly told the nation. Oh really? With the political year hardly begun, there are tensions between the new ANC leadership and President Thabo Mbeki already, most notably over who will be South Africa’s deputy president and over the Scorpions.

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/ 13 February 2008

KZN judge returns Sexwale shares

KwaZulu-Natal (KZN) Judge President Vuka Tshabalala said on Wednesday that he had returned all the shares in Absa Bank worth millions of rands, which were given to him by a consortium headed by businessman Tokyo Sexwale. ”I have returned the shares. That’s the end of the matter,” said Tshabalala.

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/ 13 February 2008

Rogue trader Kerviel appeals against detention

Lawyers for Jerome Kerviel, the rogue trader blamed by French bank Société Générale for huge losses, lodged an appeal against his detention, the Paris prosecutor’s office said on Wednesday. Kerviel placed a secret wrong-way bet on the share market that Société Générale blames for a -billion trading loss in the world’s biggest rogue trading scandal.

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/ 13 February 2008

Kliptown housing project on track, says Gauteng govt

The Greater Kliptown Development Project is well on track, the Gauteng department of housing said on Wednesday. ”The project has, however, not been without challenges. ”During the implementation, the project experienced delays brought about by the density of the informal settlement and the slow delivery by previous contractors,” the department said.

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/ 13 February 2008

Liberty working with cops to end fraud scam

Five independent brokers have been identified as allegedly using personal client information to submit unauthorised policy applications to Liberty Life, the financial-services group said on Wednesday. Spokesperson Mandy Denton said Liberty Life had sent one forensic investigator to KwaZulu-Natal to assist police with investigations.

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/ 13 February 2008

ANC Youth League meets traders on liquor ban

The African National Congress Youth League (ANCYL) met the South African Liquor Traders’ Association (Salta) in Johannesburg on Wednesday to discuss a proposed liquor ban on Sundays. The league proposed to ban Sunday liquor sales after its annual national executive committee’s lekgotla (meeting) two weeks ago.