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/ 27 September 2005
South Africans are lagging far behind the Australians when it comes to investing directly into shares on the JSE. In South Africa about 200 000 private investors invest directly into shares rather than through mutual funds or pension funds. That figure for Australia is 5,7-million. There are many lessons South Africa can learn from the Australian stock exchange.
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/ 27 September 2005
The leader of a splinter group of Rwandan Hutu rebels operating in the volatile eastern Democratic Republic of Congo has said his fighters are disarming and preparing to return home. Seraphin Bizimungu said members of his breakaway faction of the Democratic Forces for the Liberation of Rwanda, had turned in their weapons and begun educational courses to ready themselves for re-integration into Rwandan society.
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/ 27 September 2005
The Fourth National Swedish Pension Fund said on Tuesday it will reject the R38-billion offer by South African insurer Old Mutual to purchase Skandia Insurance Company, making it the second state pension fund to do so after Skandia’s board would not recommend the offer the shareholders.
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/ 27 September 2005
Volkswagen, Europe’s biggest car maker, said on Tuesday that its new compact sports utility vehicle, the Golf Marrakesh, would be built at its plant in Wolfsburg, north Germany. VW management had threatened to relocate production of the SUV to Portugal where unit costs were much cheaper, if the works’ council in Wolfsburg did not agree to new employment conditions.
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/ 27 September 2005
Iraq on Tuesday claimed a major coup with the killing of al-Qaeda’s number two in the country but insurgent attacks continued as a suicide bomber blew himself up at a police recruiting centre, leaving 10 dead. ”We managed to kill the number two of al-Qaeda in Iraq,” National Security Adviser Muwaffaq Rubaie said.
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/ 27 September 2005
If proof were needed that United States oil refineries are stretched to breaking point, the twin hurricanes of Katrina and now Rita have provided ample evidence. A total of 859 rigs and platforms in the Gulf are unmanned after being evacuated last week before Rita swept through, US government figures showed on Monday.
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/ 27 September 2005
South Africa confirmed on Tuesday that talks with Zimbabwe are continuing on possible loan assistance to its troubled northern neighbour. ”We have not broken off discussions,” National Treasury spokesperson Logan Wort said in Pretoria. ”Zimbabwe has not rejected assistance.”
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/ 27 September 2005
Are global oil supplies about to peak? Are they, in other words, about to reach their maximum and then go into decline? There is a simple answer to this question: no one has the faintest idea. Consider these two statements: 1. "Last year Saudi Aramco made credible claims that as much as 500-billion to 700-billion barrels remain to be discovered in the kingdom." 2. "Saudi Arabia clearly seems to be nearing or at its peak output and cannot materially grow its oil production."
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/ 27 September 2005
Increasing numbers of Australia’s famously macho men are showing surprising metrosexual tendencies, ditching competitive exercise for the meditative calm of yoga. ”We are getting the rugby players, the body builders, the gym junkie guys,” says yoga teacher Duncan Peak, a former parachute officer and first-grade rugby player.
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/ 27 September 2005
Manchester United’s empire seems to be crumbling. United manager Alex Ferguson was booed as he left the field after Saturday’s 2-1 loss to Blackburn at Old Trafford. Ferguson has stopped talking to most of the media — including the club’s own television station. United are already 10 points behind Chelsea and fading fast.