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/ 15 February 2006

Germans sweep field in luge

Even on a treacherous track, Germany’s high-powered luge machine never lost traction. The undisputed queens of luge made the Olympic competition their own, sweeping the medals once again and leaving the rest of the sliding world to wonder what it will take to slow them down.

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/ 15 February 2006

Australians refocus on one-day game

Australia’s cricketers celebrated their crushing win in the one-day series against Sri Lanka and South Africa on Wednesday, as national selectors continued to experiment with the team line-up ahead of next year’s World Cup. The world champions had faced criticism recently over the decision to rest key players from some games during the triangular series.

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/ 15 February 2006

Els has a mixed bag of memories at Riviera

Ernie Els returns to the United States PGA Tour for the first time in eight months, and he could not have picked a more appropriate setting than Riviera Country Club in Los Angeles. The Hollywood script of his career undoubtedly would start with something like, ”It was the best of times, it was the worst of times,” and it would take place at the fabled course off Sunset Boulevard.

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/ 15 February 2006

House prices up 14,9% in January

According to the latest Absa house-price index, nominal house price growth was 14,9% year-on-year in January compared with a revised growth rate of 15,5% in December. While all indications point to a slowdown in residential property, the market may begin to recover as early as the first half of 2007, an FNB property strategist said.

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/ 15 February 2006

Union expects loss of 7 000 jobs at Denel

In a bid to recoup R1,604-billion in losses reported for the financial period ended March 2005, the state-held arms manufacturer Denel is expected to shed 7 000 jobs, the National Union of Metalworkers of South Africa said on Wednesday. Denel is due to respond to the trade union’s claims later on Wednesday.

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/ 15 February 2006

BHP Billiton reports record half-year result

Global resources group BHP Billiton on Wednesday reported a 47,8% increase in attributable profit for the half-year ended December 2005, to $4,364-billion from $2,953-billion in the previous comparative period. BHP Billiton’s latest half-year result is the fifth consecutive record half-year result the group has produced, the company said.