Staff Reporter
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/ 12 November 2007

Tiger Brands slapped with R98m cartel fine

Tiger Brands has been ordered to pay a R98,7-million penalty by the Competition Commission after admitting to participating in bread and milling cartels, the commission announced on Monday. Tiger Brands also agreed to assist the commission in prosecuting remaining cartel members who have not cooperated with the commission.

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/ 12 November 2007

Save up for a R279 000 Christmas gift

For someone who has it all, London store Fortnum & Mason is selling a Christmas hamper for £20 000 (about R279 000). The Tercenturian Hamper, only on sale this year to celebrate the luxury store’s 300th anniversary, will be delivered by horse and cart anywhere within or near the London’s main M25 orbital.

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/ 12 November 2007

Airlines inspecting their Boeings as ordered

Inspections on Boeing 737-200s as ordered by the Civil Aviation Authority (CAA) were being carried out on Monday. CAA spokesperson Phindiwe Gwebu said a number of airlines had submitted reports. The inspections were ordered by the authority after a Nationwide carrier lost an engine during take-off and had to make an emergency landing at Cape Town International Airport last week.

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/ 12 November 2007

DA: Govt failing to protect children at schools

The government has failed to take necessary steps to ensure learners are protected against the escalating violence in schools, the Democratic Alliance (DA) said on Monday. DA spokesperson on safety and security Dianne Kohler-Barnard said violence in South African schools has reached unacceptable levels that require immediate intervention.

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/ 12 November 2007

Vacant Clifton plot sells for record R11,25m

A vacant plot in Cape Town’s Clifton area has been sold for R11,25-million — believed to be the highest price per square metre paid to date for undeveloped property in South Africa. The record price achieved for the stand followed the sale earlier in the year by Lew Geffen Sotheby’s of a Clifton apartment for R34-million.

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/ 12 November 2007

Alexander Forbes CEO calls it a day

Alexander Forbes group chief executive Peter Moyo has resigned because of differences with the board of directors, the company said on Monday. ”Despite best efforts of the board to convince Peter to stay at the helm of the company, he has decided to leave the group as a result of differences with the board.”

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/ 12 November 2007

Runaway lions killed in Mpumalanga

Two lions — thought to have escaped from the Kruger National Park in September — were shot and killed near the park’s Numbi gate, the Mpumalanga Tourism and Parks agency said on Monday. Officials tracked down the lions after a community member reported that five of his cattle had been killed by them.

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/ 12 November 2007

SA poverty levels double in a decade

Severe poverty levels in South Africa have doubled in the last 10 years, the South African Institute of Race Relations (SAIRR) said on Monday. A survey released by the SAIRR this month showed that poverty in the country increased ”dramatically” between 1996 and 2005, said researcher Marius Roodt.