Faced with fewer buyers and soaring oil prices, General Motors has decided after a 14-year run to drive its gargantuan Hummer "Alpha" 4X4 into the sunset and shutter its production. GM announced on Friday that production of the giant 4X4 known as the "H1", based on a vehicle designed for the United States army, will cease in June.
First quarter figures on unit trust sales and net inflows suggest growing maturity among South African investors and indicate that a key lesson has been learned — selling high is a lot better than selling when the market hits the bottom. The quarterly perspective comes from Kim Zietsman, head of single manager unit trusts at Stanlib, South Africa’s largest unit trust company.
The European Union is preparing a bold offer for Iran, including economic, nuclear, and perhaps security guarantees, to try to curb its atomic ambitions, EU foreign policy chief Javier Solana said on Monday. "It will be a generous package, a bold package, that will contain issues relating to nuclear, economic matters, and maybe, if necessary, security matters," Solana said.
Deadly heat clouds tumbled further down the slopes of Indonesia’s Mount Merapi early on Monday as the volcano’s activity increased ahead of a feared eruption, an official said. Blazing lava has also been oozing down the slopes of Merapi, but many villagers have been defying orders for a mandatory evacuation and are insisting on staying in their homes.
The National Youth Commission on Sunday said an institution should be established to address shortcomings in the implementation of youth development programmes in South Africa. The commission’s Monde Mkalipi said a Youth Development Agency would be responsible for policy and interventions, funding and implementation as well as monitoring.
It’s a tour operator’s gift from heaven — a controversial murder mystery hunt for the Holy Grail that unravels from Paris to England, through some of Europe’s most historic museums and churches. And after once cashing in on the runaway success of <i>The Da Vinci Code</i>, travel agencies are again rubbing their hands in glee at this week’s release of the film version.
Sick of sky-high prices and lengthy waits for operations, growing numbers of Britons are going under the surgeon’s knife overseas, in destinations like South Africa, India and Eastern Europe. Cheaper operations are enticing more than 10Â 000 Britons per year abroad, some travelling huge distances to factor in some fun in the sun — and still saving on the price of British private sector surgery.
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Members of the African National Congress evaded the media on Sunday evening when they changed the venue for their national executive committee meeting from Luthuli House to the Esselen Park training centre in Kempton Park. Jacob Zuma’s role in the ANC was expected to be discussed at the meeting.
He has been called a terrorist by Washington but for three and a half hours on Sunday in London he could do no wrong. An adoring audience of British left-wingers and the Latin American diaspora cheered, clapped, sang and laughed as Venezuelan President Hugo Chávez denounced United States President Bush and capitalism and praised London mayor Ken Livingstone and the Pope.
At least 67 people were killed over the weekend in the largest organised attack yet by drug gangs against Brazilian police and security forces, officials confirmed early on Monday. The apparent offensive by organised crime groups was launched on Friday night and continued until Sunday in Brazil’s commercial capital, São Paulo, and outlying regions of São Paulo state.