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/ 29 November 2007

Tycoon says $18,5m Fabergé egg a bargain

A Russian businessman with a passion for Tsarist treasures said on Thursday he was behind the record purchase of a Fabergé egg in London for £9-million (,5-million), which he called inexpensive. Alexander Ivanov, who helped found Russia’s first private museum, bid in person at the tense Christie’s auction in London on Wednesday for the egg.

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/ 29 November 2007

Report: World faces threat of ‘cyber cold war’

A ”cyber cold war” waged over the world’s computers may become one of the biggest threats to security in the next decade, according to a report published on Thursday. About 120 countries are developing ways to use the internet as a weapon to target financial markets, government computer systems and utilities, internet security company McAfee said in an annual report.

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/ 29 November 2007

Interest-rate hike ‘a near certainty’

The continued strong rises in credit extension provided little counter to the shocking inflation figures released on Wednesday and the chances of an interest-rate hike next week now seemed an almost assured fact, the Efficient Group said on Thursday. This comes after the South African Reserve Bank released both the October monetary aggregates and credit extension figures.

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/ 29 November 2007

SA October producer inflation ticks up

South Africa’s factory-gate inflation ticked up to 9,5% year-on-year in October, data showed on Thursday, beating forecasts and reinforcing expectations for an interest-rate rise next week. Producer price inflation accelerated from 9,4% year-on-year in September, and outstripped forecasts of a 9,1% rise, Statistics South Africa said.

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/ 29 November 2007

Manto: Klebsiella babies were underweight

Most of the babies who died following a klebsiella outbreak at a Durban hospital were underweight and born to teenage mothers, Health Minister Manto Tshabalala-Msimang said on Thursday. Tshabalala-Msimang was speaking at the opening of a public hospital management conference in Boksburg, east of Johannesburg.