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/ 24 July 2007

UN seeks $48m as Somalis flee violence

The United Nations on Tuesday appealed for -million to help Somalis fleeing renewed violence and said the overall number of people uprooted in the Horn of Africa country was now estimated at 500 000. More than 10 000 people fled the capital, Mogadishu, last week, many of them now living in ”deplorable conditions”.

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/ 24 July 2007

Rallying rand may ease rate-hike risk

South Africa’s rand has firmed to levels that may add to central bank concerns about the current account deficit and raise doubts about the wisdom of pushing through more interest rate hikes. Raising rates further could enhance South Africa’s carry trade credentials among investors hunting for higher yields, and so bolster the rand.

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/ 24 July 2007

Durban policeman dies from burns

A 35-year old policeman who was severely burnt in a fire at a Durban police residence died in the early hours of Tuesday morning, police said. The policeman, Sergeant Craig Roach, suffered burns to 65% of his body in a blaze in his 13th floor flat in the South African Police Service’s Natalia building on Monday morning.