Staff Reporter
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/ 20 November 2007

Basson prosecutors embarrassed by testimony

The hearing of germ-warfare expert Wouter Basson has been postponed until September next year, after prosecutors on Tuesday said they were embarrassed by the testimony of their own expert witness. Basson on Monday pleaded not guilty to six charges brought against him at the Health Professions Council of South Africa.

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/ 20 November 2007

Citigroup may have to write off $15bn

United States banking titan Citigroup may have to write off -billion in soured investments including mortgage losses in coming months, a report by Goldman Sachs predicted on Monday. Citigroup, the US’s second-largest bank by market worth, is already reeling from its exposure to the US housing downturn and tighter credit markets.

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/ 20 November 2007

California sues 20 firms over toxic toys

California on Monday launched a lawsuit against 20 companies, accusing them of manufacturing or selling toys with illegal quantities of lead, a statement said. California attorney general Jerry Brown said the firms — including Mattel and Toys ”R” Us — are being sued for knowingly exposing children to potentially dangerous lead levels.

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/ 20 November 2007

Amnesty granted to almost 400 Zambian convicts

Zambian President Levy Mwanawasa has granted amnesty to almost 400 convicts in a bid to decongest his country’s disease-infested prisons, an official announced on Tuesday. Mwanawasa amnestied 14 prisoners who were on life sentences and 379 others who were serving various jail terms, a prisons official, Daniel Chiwela, said.