The increase in South Africa’s consumer price index excluding mortgage-rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank for its inflation target, was at 6,4% year-on-year in June, the same as in May, Statistics South Africa (Stats SA) said on Wednesday.
Iran warned on Tuesday that it would consider taking ”illegal” steps, including possible abrogation of the non-proliferation treaty, if further United Nations sanctions are imposed because of its nuclear programme. The warning was given by a senior Iranian official in an increasingly fraught war of nerves.
Driving in the United Kingdom, I discovered, is not as entertaining as it is here, because there’s so much traffic that you rarely get a chance to speed — and when you do, Big Brother is watching. Signs light up and chant "You’re gonna go to the devil!" when you exceed the speed limit by two miles per hour, writes Gavin Foster.
Initial Public Offerings (IPOs) worldwide surged in the second quarter of 2007 with $88-billion raised in 531 IPOs, making this the second most active quarter of the last five years, both in number of IPOs and capital raised, according to the inaugural quarterly Global IPO Report from Ernst & Young.
The African Olympic body is expected to take over the running of the All Africa Games to attract more private sponsors and top athletes, its president said on Tuesday. The Games are currently organised by the Supreme Council for Sports in Africa, the sporting wing of the African Union.
Thirteen hostages were rescued from a supermarket in Mthatha on Tuesday night after being held hostage by a gang of gunmen. Eastern Cape police said the hostage takers had escaped. Guards were collecting money inside the Boxer supermarket on Callaway Street when the gang stormed into the shop.
New club record signing Darren Bent opened his account for Tottenham Hotspur as the English club won a second match on their South Africa tour, beating Orlando Pirates 2-1 in Cape Town on Tuesday. Bent, who joined Spurs for £16,5-million from Charlton, opened the scoring with a 12th minute strike.
The Wallabies have been promised a cash bonus of Aus 000 ( 000) per player if they win this year’s World Cup, the Australian Rugby Union (ARU) announced on Wednesday. Each of the 30 members of the squad will be given Aus 000 if they make the semifinals.
Two rugby players were killed, another may be paralysed and three other people were injured in a road accident in the Free State on Tuesday. Captain Magda Muller said six people were en route from Soutpan heading in the direction of Welkom when their vehicle overturned after a tyre burst.
French President Nicolas Sarkozy heads on Wednesday to Tripoli for strategic talks with Libyan leader Moammar Gadaffi, ahead of his first visit to sub-Saharan Africa as head of state. Sarkozy announced he would make the ”political trip” to Tripoli after French efforts contributed to the release of six foreign medics held in Libya since 1999.