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/ 20 February 2008
South Africa’s current account increased to 7,2% of gross domestic product in 2007 and will rise to 8% by 2010, as imports soar and export growth remains sluggish, the Treasury said on Wednesday. The Treasury said the current account had shifted from a surplus of R10-billion in 2002 to a deficit of R143-billion in 2007.
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/ 20 February 2008
Over R10-billion will be spent on strengthening the police force and judiciary over the next three years, Finance Minister Trevor Manuel said in his budget speech on Wednesday. There would be more than 200Â 000 police officers by the end of March 2011, up 22% from the 163Â 000 police officers in 2006/07.
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/ 20 February 2008
Writer and filmmaker Alain Robbe-Grillet, an ”enfant terrible” of France’s literary establishment who helped found the New Novel school in the 1950s, died on February 18 aged 85. Robbe-Grillet became a cult figure among France’s postwar intelligentsia with a genre of novel-writing that rejected conventions such as plot and characterisation.
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/ 20 February 2008
The government will fund embattled electricity producer Eskom to the tune of R60-billion over the next five years, according to national budget documents tabled by Finance Minister Trevor Manuel on Wednesday. At the same time, it will introduce a levy in a bid to get consumers to save electricity.
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/ 20 February 2008
Finance Minister Trevor Manuel’s 2008/09 national budget tabled in Parliament on Wednesday brings tax relief, reduced corporate taxes, financial support for Eskom’s programme to build power stations, a new electricity levy, more social spending and a boost for job creation.
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/ 20 February 2008
Despite global economic turmoil, South Africa’s economy remains robust and the longer-term outlook favourable, Finance Minister Trevor Manuel said on Wednesday. "It is time for neither gloom nor panic," he said in his 2008/09 budget speech to the National Assembly.
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/ 20 February 2008
A magnitude-7,5 earthquake struck Indonesia’s Aceh province on Wednesday, killing at least three people, injuring several and sending thousands fleeing their homes and offices in panic, officials and local media said. The quake struck the province that bore the brunt of the 2004 Indian Ocean tsunami.
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/ 20 February 2008
Australian Prime Minister Kevin Rudd revealed on Wednesday that he is battling the bulge, while his deputy, Julia Gillard, was stunned to be voted one of the country’s sexiest women. Rudd said it is difficult to maintain a fitness regime while coping with the responsibilities of office.
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/ 20 February 2008
Australia’s postal service has increased the maximum weight for its delivery staff after struggling to attract applicants weighing less than 90kg, local media reported on Tuesday. The old limit was designed to allow "posties", as they are known here, to carry 40kg of mail on their small motorcycles for a total load of 130kg.
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/ 20 February 2008
Hong Kong health officials on Tuesday warned would-be slimmers not to consume parasitic worms in an attempt to lose weight following adverts for products containing worm eggs. The Health Department said there is no scientific evidence that infestation with ascaris, a parasitic worm that lives in the intestine, is a way to lose weight.