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/ 3 August 2007

Father of Angolan independence dies

Holden Roberto, one of the fathers of Angolan independence, has died of cardiac arrest at the age of 84, the National Liberation Front of Angola (FNLA) announced on August 3. Roberto formed the FNLA in the 1960’s as one of several nationalist movements pressing for an end to Portuguese colonial rule.

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/ 3 August 2007

Mboweni says inflation pressures strong

Underlying inflation pressures in South Africa’s economy, even after stripping out higher food and fuel costs, are strongly on the upside, central bank Governor Tito Mboweni said on Thursday. He also warned that if proposals for a sharp increase in electricity tariffs are approved, inflation could be pushed even higher.

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/ 3 August 2007

Fuel retailers concerned by dry pumps

The Fuel Retailers Association questioned why oil companies had not made alternate fuel delivery plans ahead of a nationwide chemical workers strike, as pumps continued to run dry on Friday. ”Why didn’t they arrange by Monday [the start of the strike] to have these drivers ready?” said association CEO Peter Morgan.

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/ 3 August 2007

JSE in the black, resources up

The JSE was in positive territory at midday on Friday, trading 169 points in the black. The resource index was driving the market after Anglo American released good results on Friday. At 12.06pm, the JSE all-share index had gained 0,61%, with the resources adding 1,09% and platinum climbing 0,77%.

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/ 3 August 2007

France confirms major arms deal with Libya

Libya has reached a multimillion-dollar deal to buy anti-tank missiles and radio systems from European aerospace giant EADS in what would be the first such purchase since an arms embargo was lifted on Tripoli in 2004. French Defence Minister Herve Morin confirmed on Friday that a letter of intent had been signed.

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/ 3 August 2007

DA criticises govt’s industrial policy framework

There is little that is new in government’s newly released industrial policy framework, says the Democratic Alliance (DA). ”The policy is low on measurable outcomes, and nowhere speaks to the important Millennium Development Goals of halving unemployment by 2014,” DA trade and industry spokesperson Pierre Rabie said in a statement on Friday.

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/ 3 August 2007

The real winners of the Charity Cup

It’s quiet at the Mini Care Centre for Abused Children, save for a few older kids knocking around in the backyard. Besides those taking time out from studying for exams, all the residents are at school. The children here and others like them at the Hillbrow-Berea Home of Hope will probably be indifferent to a football tournament happening in Mmabatho on Saturday.

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/ 3 August 2007

Football triumph offers respite from war

There was little doubt among the hundreds of thousands of revellers who poured defiantly on to the streets of Iraq last Sunday that in winning the Asia Cup in Jakarta, the ”lions of Mesopotamia”, as the national football team is known, had given the country its most important, and perhaps most profound, sporting achievement.