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/ 10 September 2007

Former Pakistani PM arrested, deported

Former Pakistani prime minister Nawaz Sharif was arrested and deported to Saudi Arabia on Monday within hours of arriving home from exile, vowing to end the rule of President Pervez Musharraf. While with the deportation Musharraf has fended off the immediate challenge from a rival, the president is likely to face a backlash from many Pakistanis.

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/ 10 September 2007

Dozens die in Mexico truck-blast accident

Thirty-seven people were killed when a truck loaded with explosives crashed into another truck in an accident in northern Mexico, Mexican media reported on Monday. About 150 people were injured by the blast, which left a crater of up to 20m in diameter in the road in the northern state of Coahuila, the El Universal daily said on its website, quoting police.

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/ 10 September 2007

ANC: ‘Power struggle’ also a party view

Views expressed in the media that the African National Congress’s (ANC) upcoming national conference was nothing more than a ”power struggle” also came in part from within the organisation, its secretary general said on Monday. ”We know that the media also speaks to members of the ANC from time to time,” Kgalema Motlanthe said

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/ 10 September 2007

DA in ‘lively’ meeting after suspension of MP

The Democratic Alliance (DA) had a ”lively” exchange of views with National Assembly speaker Baleka Mbete on Monday in a meeting held to discuss her suspension of DA MP Mike Waters. The meeting was also aimed at discussing Mbete’s ruling as out of order a question, asked by Waters, about Health Minister Manto Tshabalala-Msimang’s theft conviction.

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/ 10 September 2007

Report: Despite challenges, world faces brighter future

Despite daunting challenges posed by global warming, water, energy, unemployment and terrorism, the world faces a brighter future with fewer wars, higher life expectancy and improved literacy, according to the 2007 <i>State of the Future</i> report released on Monday. It noted that the number of African conflicts fell from a peak of 16 in 2002 to five in 2005.

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/ 10 September 2007

SA wine pours into new market

A wine glass with an imprinted logo of the famous painted Soweto power station was handed to me at the door of the Standard Bank Soweto Wine Festival on the weekend. As I walked into the hall, I found that there were a lot of people like me, people who didn’t’ know much about wine and wanted to learn.

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/ 10 September 2007

SA auto-parts workers to strike, says union

More than 50 000 South African vehicle-component workers are set to go on indefinite strike on Wednesday after a breakdown in wage talks, the main metalworkers’ union said on Monday. Mziwakhe Hlangani, spokesperson for the National Union of Metalworkers of South Africa, said in a statement the strike would affect automotive-component suppliers.

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/ 10 September 2007

European shares fall as fears grow over US outlook

European stocks fell by midday on Monday in a choppy session as gains in commodity stocks were overshadowed by mounting concern that the United States economy could be headed for recession after Friday’s dismal jobs report. Oil and gas shares were the top performers on the broader European market in spite of a fall in crude oil futures.

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/ 10 September 2007

AltX has a bumper year

AltX has performed spectacularly in the past year with a return of 107%. The AltX index has performed much better than the Fledglings and Small Cap indices, which are up 42,8% and 46,4% respectively for the past 12 months. All the small cap guys have beaten the pants off the JSE Top 40, which is up 23,4%.