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/ 5 November 2007
Tighter monetary policy in South Africa and other emerging-market economies is ”very appropriate” given the upside risks to inflation, a senior International Monetary Fund (IMF) official said on Monday. Charles Collyns, deputy director for research at the IMF, said emerging markets face different problems to advanced economies.
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/ 5 November 2007
An Eastern Cape man was on Monday convicted of indecently assaulting and murdering his aunt because she owed him R20. Grahamstown High Court Judge Jeremy Pickering found that Caswell Nkanunu, of Emasimini, murdered Nomanci Taliwe (47), of Elliot, in her house on December 11 2004.
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/ 5 November 2007
International nuclear-power technology company Westinghouse Electric on Monday announced that it had acquired South African company IST Nuclear for an undisclosed amount. Westinghouse launched its newly acquired South African operation under the name Westinghouse Electric South Africa.
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/ 5 November 2007
Union representatives and management of the company contracted to build Durban’s 2010 Soccer World Cup stadium will meet on Tuesday in a last-ditch attempt to avert a strike that would halt construction at the stadium. The National Union of Mineworkers is demanding project bonuses of R1 500 a month for each worker.
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/ 5 November 2007
Former Tshwane mayor Smangaliso Mkhatshwa was admitted to hospital on Monday after the vehicle in which he was travelling collided head-on with a Toyota Tazz in Pretoria, Tshwane metro police said. Spokesperson William Baloyi said the accident occurred at about 9am at the corner of Pretorius and Church streets.
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/ 5 November 2007
The government is busy changing environmental legislation to ”streamline” further the way environmental impact assessments (EIAs) are carried out, Environmental Affairs Minister Marthinus van Schalkwyk announced on Monday. ”Using EIAs as the only means of dealing with environmental impacts is severely limiting,” he said.
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/ 5 November 2007
Mahendra Singh Dhoni and Yuvraj Singh slammed solid half-centuries to guide India to an emphatic five-wicket victory over Pakistan in the first one-day international here on Monday. Skipper Dhoni top-scored with 63 and Yuvraj made 58 as India surpassed Pakistan’s total of 239-7 with 18 balls to spare.
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/ 5 November 2007
A German manufacturing company has invested about R284-million in South Africa’s first fabrication yard for oil and gas platforms as part of a R1,7-billion investment pledge, government news agency BuaNews reported on Monday. MAN Ferrostaal has opened the fabrication yard for oil and gas platforms at Saldanha Bay near Cape Town.
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/ 5 November 2007
Investigators on Monday were going through the charred debris of a Learjet that crashed in São Paulo at the weekend, killing the pilot and co-pilot and six members of a family in a house it hit. The twin-engined plane, flying a taxi service from São Paulo to Rio de Janeiro, came down on Sunday just after take-off.
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/ 5 November 2007
Floods have killed at least 46 people in central Vietnam in the past 10 days, and a typhoon making its way across the South China Sea is forecast to dump more rain this week, reports said on Monday. The region, which includes the Central Highlands coffee belt, has been hit hard by storms and floods since early October.