Staff Reporter
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/ 7 November 2007

Mvela in new talks that may affect shares

South African investment firm Mvelaphanda Group (Mvela) said on Wednesday that it was in talks that may affect its share price if successfully concluded, sending its stock price higher. Mvela said the cautionary was not related to the deal in which the firm said it had agreed with fund management group Allan Gray to buy up to 30% of Johnnic Communications’ media unit.

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/ 7 November 2007

Court orders goat thief to say sorry

An Australian woman who stole a pet goat and was involved in slaughtering it in a mock Satanic ritual in a church, was ordered by a court on Monday to apologise to the church and the dead goat’s owners. Tracey Arnold (26) was drinking with friends at a Friday the 13th party in 2006 when she decided to steal the pet goat named ”Maddie”.

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/ 7 November 2007

Sports minister says ‘quotas are out’

Sports and Recreation Minister Makhenkesi Stofile ruled out racial quotas for national teams on Tuesday after the mainly white Springboks’ recent victory in the Rugby World Cup reignited the debate over transformation. ”Quotas are out,” Stofile told a parliamentary sports committee. ”Let us put our resources into the development of talent.”

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/ 7 November 2007

JSE slightly higher on miners

The JSE was a touch higher at midday on Wednesday, lifted by miners on soaring metal prices, but weaker overseas markets and the stronger rand dampened the overall mood. At noon, the all-share index was up just 0,12% higher, thanks to a 2,31% and 1,70% gains by the gold and platinum mining indices.

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/ 7 November 2007

Govt takes aim at mine managers

South Africa plans to extend its crackdown on mine safety and may prosecute mine managers if fatal accidents are caused by negligence. ”I don’t think the mine managers are doing enough to ensure the safety of workers,” said Sandile Nogxina, director general of the Department of Minerals and Energy Affairs.