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/ 14 February 2008

New Tanzanian Cabinet faces vast challenges

A new, leaner Cabinet for Tanzania was sworn in Wednesday, its predecessor having fallen apart last week amid a corruption scandal. President Jakaya Kikwete dissolved his last Cabinet on February 7 after Edward Lowassa stepped down as prime minister. He and other lawmakers were implicated in a $179-million corruption scandal.

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/ 14 February 2008

UN calls for compromise in climate-change talks

The United Nations climate chief on Thursday called for rich and developing nations to reach a compromise as they held talks in Japan in their bid to forge a new deal on fighting global warming by the end of next year. Officials from the United Nations and 21 countries opened two days of closed-door talks in Tokyo to help find common ground.

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/ 14 February 2008

Africa: A bright spot in Bush’s foreign policy

United States President George Bush travels this week to Africa, one of the few regions where he can claim globally recognised successes for efforts on Aids and development in a foreign-policy legacy dominated by the Iraq war. But conflicts in Kenya and Darfur will intrude on a trip intended to show the positive impact from US investment.

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/ 14 February 2008

Kumba headline EPS up 43% as demand booms

Kumba Iron Ore, Africa’s biggest iron-ore producer, saw full-year headline earnings per share (EPS) leap by 43% as prices and demand soared, the company said on Thursday. Kumba said tight global supplies should support prices in the coming year, but said costs resulting from an energy shortage in South Africa could weigh.

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/ 14 February 2008

Sri Lanka: 50 rebels killed in clashes

Sri Lankan troops have killed at least 50 Tamil Tiger rebels in fighting in the island’s north, the military said on Thursday. Fighting between the military and the Liberation Tigers of Tamil Eelam has intensified since the government scrapped a six-year-old ceasefire pact last month. The government says the rebels had used the truce to re-arm.

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/ 14 February 2008

World markets, metals support JSE

Firm world markets and stronger metal prices continued to support the JSE by noon on Thursday. At noon, the broader all-share index had risen 1,34%. Banks collected 2,33% and financials climbed 1,07%. Industrials advanced 1,44%, the platinum mining index gained 1,4%. Resources were 1,35% higher and the gold mining index added 1,16%.

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/ 14 February 2008

Henjak cleared to play

Matt Henjak is free to play in Western Force’s opening Super 14 rugby clash this weekend after a hearing into his alleged altercation with teammate Haig Sare was adjourned until next week. After scathing criticism from the Australian Rugby Union over the club’s handling of the incident, Force bosses fast-tracked a serious misconduct tribunal to Thursday.