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/ 7 December 2007

Expect a restrictive Budget in 2008

South African taxpayers should brace themselves for scant relief when the Budget is announced in February next year as analysts feel Finance Minister Trevor Manuel is likely to be very cautious due to the cyclical risks underpinning the economy. Analysts also feel that the Budget needs to be better harnessed to improve effective expenditure.

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/ 7 December 2007

Somali president dismisses rumours of ill health

Somali President Abdullahi Yusuf said on Friday he was in good health after recovering from a bout of pneumonia, and laughed off a flurry of reports he was near death. ”I’m fine, I am OK,” Yusuf said in an exclusive interview from his hospital bed in Nairobi. ”I had pneumonia, but the doctors have taken it out [treated it] and I am well now,” he said.

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/ 7 December 2007

Mugabe looms over EU-Africa summit

The leaders of Africa and the Europe Union (EU) gathered in Lisbon on Friday for a summit designed to forge a new era in ties, but which is in danger of being overshadowed by the presence of Zimbabwe’s Robert Mugabe. The two-day summit in the Portuguese capital is set to be dominated by issues such as trade, immigration, the environment and human rights.

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/ 7 December 2007

The ideal stokvel account

A few friends and I collect R1 000 a month like a stokvel, but we need to invest this money instead of giving it to one person a month. We want to invest from February until November. There are five of us, so we will be putting in R5 000 a month. Please advise on how to invest this.