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/ 15 October 2007

Oil prices surge following Opec supply report

Oil prices surged above a barrel on Monday for the first time after the Organisation of the Petroleum Exporting Countries (Opec) said crude production by non-Opec countries is falling even as global demand for oil is rising. Prices were also supported by concerns Turkish forces will pursue Kurdish rebels into Iraq.

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/ 15 October 2007

Najwa court hears of blank tapes

The man who sold Najwa Petersen’s family an allegedly encrypted police interview tape is a repeat fraud offender, it emerged on Monday in the Wynberg Regional Court. The tape, which the family believed would help prove her innocence, turned out to be blank, the court heard.

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/ 15 October 2007

University of Jo’burg to tighten security

The University of Johannesburg is to tighten security on all four of its campuses, management said on Monday. Vice-chancellor Ihron Rensburg said a group of sixty students disrupted a test that was in progress at the Doornfontein campus in the morning. ”We will not tolerate that sort of misconduct. They signed an agreement not to disrupt classes.”

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/ 15 October 2007

De Beers backs Africa on diamond cutting

De Beers group managing director Gareth Penny on Monday called on diamond traders in Europe, the United States and Israel to back Africa’s efforts to cut and polish its own gemstones. The head of the South African miner — which controls 40% of the world’s diamond trade –it w said as not altruism to stabilise the diamond business by creating jobs in African democracies.

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/ 15 October 2007

US court gives hope to apartheid victims

Victims who filed suit for $400-billion against United States businesses allegedly complicit with the former South African apartheid regime have found new hope following a federal court ruling in the US. "The appeal court decision is a major victory," said Michael Hausfeld, a lawyer for the victims on the heels of Friday’s decision by a Manhattan federal court.