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/ 29 September 2005

James Dean: One of a kind

A half-century after his death, the memory and legacy of movie icon James Dean, who in a short but brilliant career incarnated the rebellious angst of a generation, burns brighter than ever. The actor and his off-screen persona left an indelible mark on both cinema and popular culture.

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/ 29 September 2005

Golds and platinum lift JSE

The JSE was in positive territory in noon trade on Thursday with higher precious metals prices boosting gold and platinum stocks. The bourse was nevertheless off its record high of 16 770,561 reached in early trade. By 12.06pm, the all share index was up 0,22% at 16 674,7.

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/ 29 September 2005

Long-term insurance industry in good shape

The long-term insurance industry is in good health with the industry now managing assets in excess of R913-billion for the year to June 2005, a 19% increase on the year before, the Life Offices Association said on Thursday. The total new business premium inflow was up 14% on the comparable six month period in 2004, to R21-billion.

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/ 29 September 2005

Oil prices rise amid refinery worries

World oil prices pushed upwards on Thursday as the market focus remained on United States refineries, many of which are struggling to restart production after recent hurricanes in the US Gulf of Mexico. New York’s main contract, light sweet crude for delivery in November, added seven cents to ,42 per barrel in electronic trading.

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/ 29 September 2005

‘Where are we going to find our new oil?’

Global energy demand is expected to grow 50% over the next 25 years, driven by strong economic growth in India and China, a top ExxonMobil executive said on Thursday. "We expect sustained economic growth, just under three percent a year… rising personal income and standards of living especially in Asia," said Kwa Chong Seng, ExxonMobil Asia Pacific’s chairperson and managing director.

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/ 29 September 2005

Johannesburg electricity boss to quit

Johannesburg’s City Power chief executive, Mogwailane Mohlala, will leave the utility in January, a spokesperson confirmed on Thursday. The announcement comes shortly after the National Electricity Regulator released a report critical of the company and repeated power outages in the city.

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/ 29 September 2005

Kenya suspends elephant relocation

The Kenyan Wildlife Service on Wednesday suspended the relocation of elephants from an overcrowded coastal reserve to a more spacious park in order to monitor their resettlement and avoid bad weather, officials said. The operation began in August to move 400 animals from Shimba Hills National Reserve to Tsavo East National Park.

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/ 29 September 2005

Somaliland hopes for world recognition

Voters in Somalia’s breakaway republic of Somaliland cast ballots on Thursday to elect lawmakers amid hopes the exercise will bring them international recognition as a sovereign state. About 800 000 of Somaliland’s estimated 3,5-million people are eligible to vote in the election.