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/ 13 March 2008

Trade conditions out of negative territory

Trade conditions appear to be out of negative territory after the Trade Activity Index (TAI) increased for the third month in a row, the South African Chamber of Commerce and Industry said on Thursday. The TAI, which measures the view of business on current trade activity, increased from 44 in December last year to 48 in January and 50 in February

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/ 13 March 2008

Islamists behead three soldiers in Somalia

Islamist insurgents cut off the heads of three Somali soldiers south of the capital on Thursday and the United Nations special envoy said he would try to set up peace talks between the opposition and government. It was the first case of beheadings since the government and its Ethiopian military allies ousted the Islamists from power in late 2006.

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/ 13 March 2008

Durban counts cost of devastating floods

Durban’s disaster-management team and city officials are busy calculating the cost of damage caused during a heavy downpour on Tuesday night that continued into the early hours of Wednesday. Two oil refineries, hospitals, courts, homes, shacks, railway lines, buildings and roads were affected by the overnight storm.

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/ 13 March 2008

Freer world trade could bring $120bn benefit

Freer trade could bring benefits worth up to -billion a year to the world economy, according to a study on Thursday that dismisses growing unease about globalisation. The report, by two economists in Australia and Britain, also suggested greater immigration to rich nations from developing countries would raise economic growth.

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/ 13 March 2008

Nel urged not to make hasty decisions

The chief executive of South Africa’s players’ association on Thursday urged axed fast bowler Andre Nel not to make a decision regarding his future in the heat of the moment. Nel was a controversial omission when South Africa’s squad for three Tests in India next month was announced on Tuesday.