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/ 23 October 2007
The Gauteng economy is slowing down as several industries experience a drop in business-activity levels, said the Gauteng Business Barometer (GBB). Spokesperson Mike Schüssler said the GBB for September dipped by 7% to 140 index points when compared with the same month last year.
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/ 23 October 2007
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African National Congress (ANC) chairperson Mosiuoa Lekota is being one-sided in calling for a clampdown on T-shirts showing support for ANC deputy president Jacob Zuma while defending T-shirts bearing President Thabo Mbeki’s image, the Congress of South African Trade Unions (Cosatu) said on Tuesday.
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/ 23 October 2007
Three men who, as teenagers, beat to death a homeless man sleeping on church premises two years ago, saw vagrants as a threat to their neighbourhood, the Bellville Regional Court heard on Tuesday. Criminologist Dr Irma Labuschagne was testifying on behalf of the men who are to be sentenced on a charge of culpable homicide.
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/ 23 October 2007
Metrorail may suspend its KwaZulu-Natal train services if rampant train vandalism and assaults on staff members continue unchecked, said Metrorail regional manager Sisa Mtwa at a media briefing in Durban on Tuesday. The worst-affected areas are KwaMashu and Umlazi — an area that carries 80% of Metrorail’s passengers.
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/ 23 October 2007
The trial of actuary Fred van der Vyver, accused of murdering his student girlfriend Inge Lotz, appears to be drawing to a close. Prosecutor Carine Theunissen told the Cape High Court on Tuesday she would finish her cross-examination of Van der Vyver on Wednesday morning.
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/ 23 October 2007
Turkey reassured Iraq on Tuesday that it wants a diplomatic solution to the problem of Kurdish rebel rear-bases but rejected a conditional ceasefire offer made by the guerrillas. ”Politics, dialogue, diplomacy, culture and economy are the measures to deal with this crisis,” Turkish Foreign Minister Ali Babacan told a news conference in Baghdad.
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/ 23 October 2007
A commander of Uganda’s Lord’s Resistance Army (LRA) has surrendered in northern Democratic Republic of Congo (DRC) and is in the custody of Congolese authorities, the United Nations said on Tuesday. Opiyo Makasi, reported to be the rebel group’s operations and logistics commander, gave himself up along with his wife.
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/ 23 October 2007
South African investors remain confident about one-year returns on the local equity market despite recent increases in interest rates and higher fuel and food prices, a new survey showed on Tuesday. The inaugural investor confidence index showed investors believed Johannesburg stocks would rise steadily in the short term.
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/ 23 October 2007
United States sportswear giant Nike ventured further into the British football market on Tuesday after agreeing to buy rival Umbro, maker of the England soccer strip, for $582-million. The cash bid, worth 195 pence per Umbro share, values the British group at £285-million, a joint statement said.
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/ 23 October 2007
Europe’s top court on Tuesday overturned a German law that protects Volkswagen against takeovers, allowing Porsche to tighten its grip on the wheel of the continent’s biggest carmaker. The European Court of Justice ruled against the "Volkswagen Law", thereby upholding Porsche’s claim to voting rights in line with its 31% stake in VW.