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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.

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/ 15 October 2007

Zim urges EU to tell Gordon Brown to ‘shut up’

The European Union should tell British Prime Minister Gordon Brown to ”shut up” on democracy and human rights in Zimbabwe ahead of an Africa-EU summit in December, Zimbabwe’s information minister said on Monday. Minister Sikhanyiso Ndlovu said that Brown had no right to lecture Zimbabwe when he himself was ”running away” with power.

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/ 15 October 2007

Madiba invited to World Cup final

Former South African president Nelson Mandela has been invited to attend next weekend’s World Cup final between the Springboks and England. South Africa coach Jake White said the current president Thabo Mbeki had already confirmed he would attend the match and there was a chance Mandela might also come to Paris if he was healthy enough to make the trip.

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/ 15 October 2007

Northern Rock CEO faces grilling on strategy

Northern Rock’s bosses face their toughest grilling since the British bank was engulfed in a funding crisis a month ago when lawmakers quiz them on Tuesday on their strategy and assessment of risk. Northern Rock CEO Adam Applegarth faces a Treasury Committee panel that last month accused the Bank of England of being asleep at the wheel during the crisis.