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/ 29 November 2007

Arrows, Royal Zulu play to 1-1 draw

The KwaZulu-Natal derby between Thanda Royal Zulu and Lamontville Golden Arrows petered out to a 1-1 draw in their Premier Soccer League clash at Absa Stadium in Durban on Wednesday night. Arrows led 1-0 at half-time. Arrows took the lead when Siyabonga Sangweni blasted a low shot that beat Royal keeper Aime Kitenge in the 26th minute.

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/ 29 November 2007

Rampant Villa crush Blackburn

In-form Aston Villa ran riot in Blackburn on Wednesday night with a resounding 4-0 victory at Ewood Park that moved them up to sixth in the Premier League. Rovers had dominated the first half hour only to be denied by a mixture of poor finishing and fine saves from Scott Carson before John Carew put the visitors ahead after 29 minutes.

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/ 29 November 2007

‘Business as usual’ in flood-ravaged areas

Tourism officials said this week it is ”business as usual” after severe floods hit the South Africa’s southern coast. ”Although the damage to property has been significant, the fact that the floods took place before the official start of the holiday season could prevent huge economic losses for the tourism sector,” said a tourism spokesperson.

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/ 29 November 2007

JSE still positive, but lower on PPI

After being sharply firmer earlier in Thursday, weaker local producer price index (PPI) data forced the JSE to pull back at midday, even though world markets were firm. The JSE had been up as much as 533 points during the day, but by midday, it was only 337 points in the black.

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/ 29 November 2007

Musharraf starts new term as civilian leader

Pakistan’s Pervez Musharraf was sworn in as president for a second term on Thursday, but this time as a civilian and without his army uniform to protect him from pressure to end emergency rule. Musharraf took the oath for another five years in office from the newly installed chief justice Abdul Hameed Dogar.

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/ 29 November 2007

World Bank launches new Aids strategy for Africa

Overtaken as the largest funder of global HIV/Aids programmes, the World Bank is now focusing on easing the economic damage inflicted by the syndrome in Africa and finding ways of controlling its spread through better prevention, care and treatment. Global funding for HIV/Aids reached -billion in 2007 compared to ,6-billion available in 2001.

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/ 29 November 2007

October credit growth slows to 22,27%

Growth in demand for credit from South Africa’s private sector eased marginally to 22,27% year-on-year in October, but remained high, keeping up pressure on the central bank to raise interest rates again. Central bank data showed on Thursday credit growth slowed from 22,46% in September, while annualised M3 money supply was down at 23,39% from 24,94%.