The woman who blew the whistle on the accounting scandal that brought down Enron spoke on Wednesday about how she tried to get out of the firm when she discovered the extent of its dodgy accounting. From June 2001, Sherron Watkins, who joined Enron in 1993, worked for Andrew Fastow, the disgraced former chief financial officer.
A man will on Thursday contest legislation preventing him from inheriting his gay partner’s estate after his partner died without leaving a will, the man’s attorney said on Wednesday. ”Mark Gory ‘married’ his partner in a commitment ceremony. Since they had no children, he should be recognised as the surviving spouse of his partner and therefore the legal heir to his partner’s estate,” said Gory’s attorney, Crystal Cambanis.
Fuelled by strong investor demand, the assets of Absa’s NewGold Gold Bullion Debentures have shown remarkable growth of 216% in the period December 2005 to January 2006. Absa’s NewGold allows investors to invest directly in actual gold rather than gold companies.
"Is the bubble about to burst?" That’s the question many people are asking in the wake of months of a particularly buoyant stock market. According to Robert Keip, CEO of FNB Investment Products, many people have grown their wealth significantly because of the strength of the equities market.
As a result of the high divorce rate in South Africa, financial advisers are increasingly receiving queries from their clients regarding the effect of a divorce on their retirement-fund benefits. The Divorce Amendment Act came into effect on August 1 1989.
Absa’s MyHome gives individuals or couples with joint monthly incomes of between R1 500 and R7 500 access to an affordable 100% mortgage bond that can also include a five-year fixed-rate option. MyHome is a completely unique concept in that the qualifying criterion is based primarily on proof of regular income.
With a mix of flair, an eye for things of beauty and, er, dried bugs, four men are turning food-crazed Barcelona into a candy lovers’ paradise on earth. First up is Christian Escriba, a fourth-generation pastry chef who often seems closer to an artist than the baker down the street. His Candy-Glam rings look like something made by a glass blower.
South Africa’s Mbulaeni Mulaudzi became the second defending athletics champion to be ruled out of the Commonwealth Games in a matter of hours on Thursday. The 25-year-old 2004 Olympic silver medallist injured an ankle when it was spiked in the world indoor 800m final in Moscow last Sunday.
Egypt unveiled a sleek fleet of eco-friendly, natural-gas run taxis on Wednesday that will soon pick up tourists on Cairo’s pollution-choked streets. The 150 bright yellow Volkswagon taxis are the first wave of about 1 500 cars that will be introduced to the crowded, chaotic metropolis where thousands of dirt-stained cabs belch noxious fumes and dominate the streets.
Australia’s superstar swimmers helped lift the doping gloom which had descended upon their weightlifting colleagues as action at the 18th Commonwealth Games got under way on Thursday. A total of 11 gold medals were to be decided with five in the pool on the opening day and the host nation’s swimmers put down their marker by qualifying fastest into three of four finals.