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/ 27 November 2007
A weaker rand offset the JSE’s earlier losses on Tuesday and the bourse was flat by midday. The JSE initially opened weaker following an overnight drop on Wall Street. At noon, the JSE’s all-share index was barely changed (+0,02%). The gold mining index climbed 0,62%, and resources lifted 0,24%.
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/ 27 November 2007
Several times this year, Tan Mingzhu had the terrible feeling her home in central China was about to collapse in on her family. Frightening tremors rocked their simple concrete dwelling 4km from China’s mammoth Three Gorges Dam, ripping floor-to-ceiling cracks in the walls, and she doesn’t hesitate in assigning blame.
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/ 27 November 2007
Soldiers and rebels have both claimed to have killed several hundred of their opponents in combat on Monday in eastern Chad. The battles at Abougouleigne left ”several hundred [rebels] dead, several injured and several prisoners of war”, according to the statement from the army’s general staff.
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/ 27 November 2007
A stadium collapse that killed seven people highlighted the crumbling state of Brazil’s soccer arenas less than a month after the country was chosen to host the 2014 World Cup, architects said on Monday. The victims fell 15m through a 3m wide hole that opened in the concrete stands of the Fonte Nova stadium in Salvador.
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/ 27 November 2007
Cross-border traders from Zimbabwe intending to travel to South Africa for business may now be eligible for a 12-month multiple entry permit, the Herald reported on Tuesday. A permit would be granted as long as they belonged to a bona fide association or a body representing small and medium-scale enterprises.
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/ 27 November 2007
International lenders have signed up a -million loan for the construction of a pan-African submarine cable to slash communication costs in the region. Five lenders, including World Bank’s International Finance Corporation and the African Development Bank, will deliver the money for the 23-nation East Africa Submarine System (EASSy) cable that will run from South Africa to Sudan.
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/ 27 November 2007
Africa’s biggest media group Naspers’ half year core headline earnings rose 32% to R1,75-billion. Naspers said core headline earnings per share came in at 506 cents, compared to 455 cents in the previous period. The firm warned that consumer spending would continue to slow, placing pressure on advertising and circulation revenues.
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/ 27 November 2007
Four candidates have been shortlisted to coach the All Blacks but the real contest is expected to be between incumbent Graham Henry and Robbie Deans of the Canterbury Crusaders. The New Zealand Rugby Union said on Tuesday that Henry, Deans, Wellington Hurricanes’ Colin Cooper and Waikato Chiefs’ Ian Foster would be interviewed next week.
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/ 27 November 2007
Leaders of Côte d’Ivoire were to meet on Tuesday with President Blaise Compaore of neighbouring Burkina Faso to fine-tune details of a peace deal brokered by him. Ivorian President Laurent Gbagbo and his Prime Minister Guillaume Soro will travel to Burkina Faso to discuss and sign supplemetary sections to the peace accords.
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/ 27 November 2007
Equity markets in the emerging world have weathered the subprime credit crunch in developed markets more easily than any previous market turmoil, and are expected to remain a sought-after investment destination — if not a safe haven — for many years to come, according to the head of equity research at Old Mutual Investment Group South Africa.