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/ 22 February 2006

Weaker rand boosts JSE

The JSE was firmer in noon trade on Wednesday, with a weaker currency boosting heavyweight rand hedge stocks. Good corporate results released before the opening further helped sentiment. By 12.07pm, the all-share and all-share industrial indices added 1,44% and 1,26% respectively.

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/ 22 February 2006

French police take kidnap probe to Côte d’Ivoire

French investigators headed to Côte d’Ivoire on Tuesday to hunt the leader of a gang that tortured and murdered a young Jewish man near Paris, a crime thought to have been motivated in part by anti-Semitism. Two officers were expected in Abidjan late in the day to track down the gang’s alleged leader, a 25-year-old convicted petty criminal of Ivorian origin.

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/ 22 February 2006

Thai airline to offer direct flights to Johannesburg

Flag carrier Thai Airways International said on Wednesday it would launch direct flights from Bangkok to Johannesburg in October due to rising demand. ”Johannesburg is the hub of air travelling in Africa. It is a good connection and we can get passengers from North and East Africa,” said Wallop Bhukkanasut, Vice-President of the airline’s sales and distribution department.

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/ 22 February 2006

Drought withers Kenyan tea production

Kenya’s tea production fell in January to 17 800 tonnes, half that recorded in the same month last year, owing to a searing drought that has put millions across East Africa in the danger of starvation, the Tea Board of Kenya said on Tuesday. Production was expected to drop again in February and March as a result of the prolonged dry spell predicted by meteorologists.

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/ 22 February 2006

‘He was using Enron like a damn ATM’

As a vice-president of investor relations and corporate secretary for Enron’s board, Paula Rieker viewed the energy trading giant’s inner workings as it rose to be a Wall Street darling and then imploded in scandal. Rieker on Tuesday testified how former chief executive Jeffrey Skilling ordered abrupt last-minute changes to two quarterly earnings reports in 2000 to please analysts and investors.