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/ 22 October 2007

IMF chief warns dollar may suffer ‘abrupt fall’

The head of the International Monetary Fund (IMF), Rodrigo Rato, warned on Monday there are risks of an "abrupt fall" in the dollar, linked to a loss of confidence in dollar assets. "There are risks that an abrupt fall in the dollar could either be triggered by, or itself trigger, a loss of confidence in dollar assets," Rato told the IMF board of governors.

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/ 22 October 2007

Chissano wins $5m African leadership prize

Former Mozambique president Joachim Chissano won a new -million prize for African leadership on Monday and was hailed as ”a powerful voice for Africa on the international stage”. Former United Nations secretary general Kofi Annan chaired the committee that selected the inaugural award by the Mo Ibrahim Foundation.

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/ 22 October 2007

Mbeki’s approval rating plummets

President Thabo Mbeki’s domestic approval rating in September fell to 40%, its lowest point in four years, TNS Research Surveys said on Monday. The fall was evident across all race groups but slightly less so among black respondents, the global market insight and information group said in a statement. Large drops occurred in Bloemfontein, Johannesburg and Soweto.

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/ 22 October 2007

DA calls for plan to attract investment

The government needed to take a series of firm and decisive steps to attract the direct foreign investment needed for job-creating economic growth, the Democratic Alliance (DA) spokesperson on trade and industry, Dr Pierre Rabie, said on Monday. In a statement, Rabie listed ten ”action steps” needed to make the South African economy more competitive.

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/ 22 October 2007

‘I never used the hammer’

Murder accused Fred van der Vyver told the Cape High Court on Monday that he never used the ornamental hammer that the state says could have been a murder weapon. Van der Vyver, accused of bludgeoning his student girlfriend Inge Lotz to death in her Stellenbosch flat in 2005, was starting his second day of cross-examination.