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/ 4 September 2007

FirstRand plans to cut stake in Discovery

South African banking group FirstRand plans to reduce its stake in health insurer Discovery Holdings, giving its shareholders a direct stake in the company, it said on Tuesday. The unbundling, for which FirstRand will seek shareholder approval, will improve Discovery shares’ liquidity on the Johannesburg bourse.

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/ 4 September 2007

Sundowns midfielder Leremi dies in car accident

South African international midfielder Gift Leremi (22) was killed after he lost control of his car and was flung out of his vehicle, Ekhuruleni Metro police said on Tuesday. Spokesperson Inspector Jimmy Maboko said Leremi was driving his BMW along the R556, between Vaal Road and Brackendowns, Alberton, at 9pm on Monday, when he lost control.

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/ 4 September 2007

GDF, Suez agree new energy merger

Gaz de France and Suez on Monday agreed to create the world’s third-largest listed power and gas company after President Nicolas Sarkozy stepped in to prevent the 18-month old deal from collapsing. The politically charged ”merger of equals”, delayed by disputes over valuation and control, will be on the basis of 21 Gaz de France shares for 22 Suez shares.

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/ 4 September 2007

Henin, Serena square up, Nadal faces Ferrer

Justine Henin and Serena Williams will square up in a battle of former champions at the US Open on Tuesday, while Rafael Nadal and Novak Djokovic headline the action in the men’s event. ”I’m going in feeling like I don’t have anything to lose,” said eighth seed Williams, who won her eighth grand slam title at the Australian Open in January.

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/ 4 September 2007

Sanco ask police to probe editor

The Gauteng branch of the South African National Civic Organisation (Sanco) will go to the police to find out whether Sunday Times editor Mondli Makhanya applied for amnesty over political activities during apartheid, the organisation said on Monday. Earlier this month, Sanco asked the National Prosecuting Authority whether Makhanya had applied for amnesty from the Truth and Reconciliation Commission.

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/ 4 September 2007

Central America braces for powerful Hurricane Felix

Tens of thousands of people hunkered in storm shelters on Tuesday as Hurricane Felix roared toward Central America, but transport shortages left many facing the storm’s whipping winds and rain in their homes. The category-four hurricane, due to make landfall around mid-morning, charged toward Honduras and Nicaragua with top sustained winds of 215km/h.

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/ 4 September 2007

New Sudan peace talks may start next month

Peace talks between the Sudanese government and Darfur’s rebel groups could begin next month, according to senior United Nations officials. The UN Security Council agreed in July almost to triple the number of foreign troops and police in Darfur with the aim of protecting the millions of displaced people.