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/ 22 September 2005

Rita rivals power of Katrina

Tens of thousands of people along the United States Gulf Coast grabbed their most prized possessions, boarded up their homes and fled on Wednesday in the face of the onslaught from Hurricane Rita, a category-five storm that could rival Hurricane Katrina in intensity when it makes landfall this weekend.

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/ 21 September 2005

CGT is starting to bite

Capital gains tax (CGT) will have been in effect for four years next month, and people are starting to feel the effects of the tax on their profits. ”In the first few years asset prices had not risen that much, but now we are seeing a boom in both the property market and the share market and the capital gains are much higher,” says Tony Barrett, regional manager at BJM Private Client Services.

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/ 21 September 2005

Iraq and Britain pledge unity after tension

The governments of Britain and Iraq insisted on Wednesday that recent tension over a British army operation in Basra will not have an adverse effect on relations. Speaking at a joint news conference with British Defence Secretary John Reid, Iraqi Prime Minister Ibrahim Jaafari described the events in Basra as ”regrettable”.

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/ 21 September 2005

N Korea accuses US of planning nuclear attack

In a second day of bluster following a landmark disarmament accord, North Korea on Wednesday threatened retaliation if the United States carries out what the North claims are plans to annihilate it in a nuclear attack. At six-nation talks in Beijing on Monday, North Korea had promised to give up its nuclear-weapons programme.

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/ 21 September 2005

Arrows notch up first win of season

Lamontville Golden Arrows beat Tembisa Classic 2-0 in a KwaZulu-Natal Castle Premiership derby played at King Zwelithini Stadium on Wednesday afternoon, thanks to goals by Alton Meiring and Mabhuti Khanyeza. This was Arrows’ first win of the season and Classic’s first loss under new management.