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/ 14 December 2007

Mozambique looks to donors to boost budget

More than 50% of Mozambique’s national budget for 2008 will be made up of a financial injection from foreign donors, the Friday edition of Daily Investor Intelligence reported. Manuel Chang, Finance Minister, said that 56% of the 89-billion meticais (about ,5-billion) will be secured from international donors.

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/ 14 December 2007

New rape laws to help protect victims

After a protracted delay, South Africa’s tough new laws against sexual abuse will finally enter force on Sunday. The Justice and Constitutional Development Ministry said on Friday that the Sexual Offences Amendment Act will at last give greater protection to victims of sexual crimes.

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/ 14 December 2007

JSE softer as banks fall on concerns

A weaker bank sector forced a positive JSE to pull back into the red by midday on Friday, leaving the all-share index 0,14% lower at noon. The JSE’s bank index was down 1,38% at midday as local and international traders questioned whether the move by the central banks to inject liquidity into financial markets was enough to settle global credit concerns.

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/ 14 December 2007

Do betting exchanges corrupt sport?

Bets to win, in sports such as tennis and snooker, imply a bet on the opposite side losing. Horse racing, for example, has been plagued with allegations of rigging. Mark Johnston, classic-winning trainer, says betting exchanges do corrupt sport, while Mark Davies, Betfair managing director, disagrees.

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/ 14 December 2007

Grabbing defeat from the jaws of victory

At about 6pm last Sunday, after the Alfred Dunhill Championship at Leopard Creek in Malelane, the usual happened. Ernie Els gave a loser’s speech at a time when everyone was expecting him to threaten Tiger Woods. Even John Bickerton was in shock after having to be hauled from the clubhouse to collect the R1,4-million.