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/ 4 December 2007

Surprising rebound in consumer confidence

Consumer confidence has surprisingly rebounded to close to its previous record, according to the First National Bank (FNB)/Stellenbosch University Bureau for Economic Research’s (BER) latest FNB/BER consumer confidence index, which was released on Tuesday. Consumer confidence increased by four index points.

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/ 4 December 2007

Radio Orania gets green light from Icasa

The predominantly Afrikaner settlement of Orania in the Northern Cape has been granted a community broadcast licence by the Independent Communications Authority of South Africa (Icasa). The licence is valid from December 1 this year to November 30 2011, after which the community can apply for an extension.

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/ 4 December 2007

Bank still optimistic on house prices

A soft landing for the residential property market is expected after strong double-digit growth between 2003 and 2006, Standard Bank said on Tuesday. The bank’s median house-price index moderated to 6,5% year-on-year in November following a relatively strong growth of 10,2% y/y recorded in October.

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/ 4 December 2007

Gutsy Younis saves Pakistan with century

Stand-in captain Younis Khan staved off a spin threat with a responsible century to help Pakistan draw the second Test against India on Tuesday. Younis scored an unbeaten 107 under pressure as Pakistan recovered from 78-4 to finish at 214-4 in their second innings chasing a stiff 345-run target off 81 overs on the fifth and final day.

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/ 4 December 2007

NUM strike takes off, cuts output

The National Union of Mineworkers (NUM) launched a one-day strike on Tuesday to protest against deaths in the country’s mines, disrupting operations across the world’s top producer of platinum and gold. Almost a quarter of a million union members were set to down tools in the first industry-wide strike on safety, as the death toll mounted to about 200.