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/ 29 May 2007

All Blacks name team to face weakened France

The All Blacks on Tuesday named one of their strongest combinations for their first Test of the year as second-string France arrived in New Zealand admitting they would rather be somewhere else. Despite most of France’s top players staying home to complete club commitments, All Black coach Graham Henry chose most of his top players.

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/ 29 May 2007

China says state owns Tibetan religious relics

All religious artefacts in places of worship in Tibet belong to the Chinese state, the official Xinhua news agency said on Tuesday, in Beijing’s latest attempt to exert control over religion in the restive Himalayan region. Beijing is wary of religious groups and has jailed Tibetan monks and nuns it accused of stoking ”separatism”.

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/ 29 May 2007

GDP slows to 4,7%

South Africa’s real gross domestic product (GDP) at market prices on a quarter-on-quarter seasonally adjusted annualised basis rose by 4,7% in the first quarter of 2007 from 5,6% in the fourth quarter of 2006, Statistics South Africa said on Tuesday. GDP was also reported to have risen 5,4% on a year-on-year basis from a revised 6,2% (6,1%) y/y reported in the fourth quarter last year.

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/ 29 May 2007

SA gold output may be lower in 2007

While it was absolutely no surprise that South Africa’s gold output continued to slide in the first quarter, the sharp rise in costs ahead of tough wage negotiations that get under way next month must be a worry for gold-mining companies, which invested an impressive R1,6-billion in capital expenditure between the beginning of January and the end of March.

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/ 29 May 2007

Santam growth on track

South African short-term insurer Santam said on Tuesday that its overall growth of quality business is in line with expectations for the period, while the underwriting result for the year to date is pleasing. It released an operational update following its annual general meeting on Tuesday.