Staff Reporter
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/ 5 November 2007

JSE stays lower on world markets

The JSE remained weak at midday on Monday, in line with overseas markets as the troubled US subprime housing market continues to unsettle investors worldwide. At noon, the JSE’s all-share index was off 0,96%, resources fell 1.70%, the platinum mining index weakened 1,74%, but the gold mining index added 0,98% as the gold price stayed above $800/oz.

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/ 5 November 2007

Petim saves the day for Ajax

Andre Petim, the Ajax Cape Town goalkeeper, was his side’s hero as he saved a late penalty to share the spoils with Free State Stars in a goalless Absa PSL match at the Athlone Stadium on Sunday evening. Ajax were out to avenge the 1-0 defeat they suffered at the hands of Stars, who eliminated them from the Telkom Knockout competition.

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/ 5 November 2007

Stars and Wits share spoils

Platinum Stars and Wits shared the spoils in a goalless draw in their Absa Premier match played at Royal Bafokeng Stadium in Mmabatho on Sunday. The home team, Stars, controlled both halves but were let down by their strikers who failed to get past Wits goalkeeper Moeneeb Josephs.

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/ 5 November 2007

Musharraf to be given ultimatum

The United States and Britain are on Monday expected to demand that Pakistan’s President, Pervez Musharraf, honour pledges to hold elections in the next two months and step down as the army chief, or face a cut in Western support. The diplomatic showdown will come in the form of a meeting in Islamabad between the Pakistani leader and a group of ambassadors.

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/ 5 November 2007

Five arrested after robbery at Bryanston supermarket

Five robbers were arrested — four of them with gunshot wounds — after a shoot-out with the police after a robbery at the Checkers supermarket in Bryanston, north of Johannesburg, on Sunday. Johannesburg police spokesperson Captain Julia Claassen said the five-man gang robbed staff and customers of an undisclosed amount of money and cellphones.

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/ 5 November 2007

Burma’s sex trade

This is a side of life the Burmese military junta might prefer you did not see: girls who appear to be 13 and 14 years old paraded in front of customers at a nightclub where a beauty contest thinly veils child prostitution. Tottering in stiletto heels and miniskirts, young teenage girls criss-crossed the dance-floor as part of a nightly "modelling" show at the Asia Entertainment City nightclub on a recent evening in Rangoon.

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/ 5 November 2007

Merrill CE fails, quits, pockets $160m

Merrill Lynch parted company this week with its CE, Stan O’Neal, leaving the investment bank’s leadership in a state of limbo and prompting unease on Wall Street. Merrill announced that O’Neal had decided to retire with immediate effect after agreeing with the board that a change in leadership would "best enable Merrill Lynch to move forward".

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/ 5 November 2007

Export or die trying, says Manuel

South Africa will push for greater exports and trade liberalisation in the coming years, Finance Minister Trevor Manuel told Parliament on Tuesday in his medium-term budget policy speech. In particular, the textiles and clothing and motor vehicle sector tariffs have come under attack.