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/ 24 January 2008

DA presses Public Protector over Oilgate

The Democratic Alliance (DA) has nudged the public protector, Lawrence Mushwana, in an attempt to get a response to their request that he reopen his investigation into the Oilgate scandal. DA spokesperson Motlatjo Thetjeng said it was now nine months since the DA first wrote to Mushwana about the matter.

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/ 24 January 2008

Hair, nails and politics

At first sight, Salon Fabulous doesn’t quite live up to its name. A trailer in a car park in a neighbourhood of dilapidated houses and rusting cars on the outskirts of Columbia, the state capital of South Carolina, it doesn’t hold out much promise of transformation.

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/ 24 January 2008

French bank hit by €4,9-billion fraud

French bank Société Générale (SocGen) disclosed one of the biggest alleged frauds in financial history on Thursday, adding to a wave of gloom surrounding world markets battered by credit market losses. SocGen, France’s second-biggest listed bank, said it had uncovered an ”exceptional fraud” by one of its traders. It said this would cost the group â,¬4,9-billion.

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/ 24 January 2008

Russia buys one of world’s most powerful computers

A Russian university has bought one of the world’s most powerful supercomputers, the first time that such sophisticated technology has been exported to the former Soviet Union, makers IBM said on Thursday. The Moscow State University has selected a Blue Gene device capable of 27,8-trillion operations per second to use in research on nanotechnology.

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/ 24 January 2008

Israel wants to wash its hands of Gaza

Israel wants to cut its links with the Hamas-controlled Gaza Strip after militants blasted open the territory’s border with Egypt in defiance of an Israeli blockade. Israel, which occupied the Gaza Strip in 1967, pulled troops and settlers out in 2005 but still controls its northern and eastern borders.

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/ 24 January 2008

Bargain hunting lifts JSE

Bargain hunting among global equity markets underpinned a solid performance on the JSE on Thursday, lifting it by 3,3% at noon. By the same time, resources had collected 4,74%, the platinum-mining index advanced 5,1% and the gold-mining index added 1,51%. Industrials perked up 2,25%, financials gained 2,2% and banks were 2,07% higher.

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/ 24 January 2008

Skielik shooting case postponed

The case against alleged Skielik shooter Johan Nel was postponed in the Swartruggens District Court on Thursday. Nel stands accused of the murder of four people and the attempted murder of six others in a shooting incident in the Skielik informal settlement last Monday. The case was postponed to February 12.