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/ 20 February 2008
Eskom is not as concerned about the domestic availability of sufficient coal as it is with the speed at which it could be mined, <i>Business Day</i> reported on Wednesday. The national power utility is also worried about logistical problems in transporting the coal to power stations.
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/ 20 February 2008
Former Absa CEO and chairperson Dr Danie Cronje has been appointed as the independent non-executive chairperson of Sappi, the global pulp and paper group announced on Wednesday. He succeeds Eugene van As, whose impending retirement as chairperson and from the board was announced earlier.
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/ 20 February 2008
The first microbicide to reach the final phase of testing has failed to prevent HIV transmission, researchers announced this week.
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/ 20 February 2008
Classes were still suspended at three Tshwane University of Technology (TUT) campuses on Wednesday amid meetings to resolve matters, said a university spokesperson. The university suspended all lectures on all three campuses on Tuesday following ongoing violent protests over fee hikes and academic exclusion.
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/ 20 February 2008
The JSE recovered some of its earlier losses by midday on Wednesday, as gold and resource stocks started to lift the market despite the negative global sentiment. Higher oil prices overnight spurred inflation worries among world markets, after oil closed above $100, prompting a global sell off in equities.
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/ 20 February 2008
Tony Blair’s hopes of becoming Europe’s first president are running into mounting opposition across the European Union, with Germany determined to stymie the former prime minister. ”There was surprise in Berlin when Blair’s name came up so soon,” said a European ambassador.
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/ 20 February 2008
The row over Liverpool manager Rafael Benitez’s squad rotation system continued to rumble on Wednesday as former Anfield goalkeeper Bruce Grobbelaar said lack of continuity was at the root of the Premier League club’s ills. One day after current striker Fernando Torres had supported his boss’s policy of switching the first team around, Grobbelaar hit out at the controversial method.
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/ 20 February 2008
Oil retreated on Wednesday, after surging nearly 5% to a record above a day ago, on fresh influx of capital into commodities, with focus turning to United States stocks data that are expected to show a build in crude. US crude slid 73 cents to ,28 a barrel by 6.47am GMT after investors paused for thought.
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/ 20 February 2008
The publisher of three of the San Francisco Bay area’s largest daily newspapers is offering employees buyouts and bracing them for layoffs in another blow to the struggling newspaper industry. The Bay Area News Group publishes the San Jose Mercury News, Oakland Tribune, Contra Costa Times and other daily and weekly newspapers in the region.
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/ 20 February 2008
A rebel group from Nigeria’s oil producing Niger Delta demanded on Wednesday that lawyers, relatives and the Red Cross be allowed to see their detained leader, Henry Okah, to confirm he is alive. The government denied a report by the rebel Movement for the Emancipation of the Niger Delta that Okah had been shot dead.