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/ 7 September 2005
Absa customers may soon be able to negotiate new overdrafts, finance cars and make cash deposits at their branches on Sundays, if a trial run at two Gauteng branches is anything to go by. In a move unique in banking circles in South Africa, Absa opened two of its biggest and busiest branches last Sunday to test the waters.
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/ 7 September 2005
South African automobile parts group Tiger Wheels on Wednesday reported a 9,4% decrease in headline earnings per share to 214,1 cents for the year ended June 30 2005, from 236,3 cents a year ago. The group is to distribute to shareholders a portion of the share premium account in lieu of a dividend.
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/ 7 September 2005
International tourists travelling in South Africa used their Visa cards to pay for approximately $1,5-billion-worth (R9,51-billion-worth) of purchases at merchants in the 18 months to June 30 this year, with those from the European Union (including the United Kingdom) accounting for $997-million (65%) of the overall spend.
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/ 7 September 2005
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The National Prosecuting Authority on Wednesday denied any wrongdoing in the raid on a former attorney of Jacob Zuma. The NPA told the Johannesburg High Court that it had strictly adhered to its ruling Act in obtaining a search warrant for and executing the warrant at the office and home of Julekha Mahomed.
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/ 7 September 2005
South Africa will not unilaterally pay back Zimbabwe’s loan to the International Monetary Fund, as the country ”is not South Africa’s 10th province”, says South Africa’s Minister of Foreign Affairs, Nkosazana Dlamini-Zuma. Addressing a briefing at Parliament on Wednesday, she said the matter of the loan offer ”hasn’t moved”.
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/ 7 September 2005
People suffering symptoms of typhoid fever have been urged to seek medical assistance after an outbreak in Delmas, Mpumalanga. At least 18 people have been hospitalised and a further 380 could be infected, Beeld newspaper reported on Wednesday.
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/ 7 September 2005
On his desk sit two thick folders of citizens’ complaints. Before him a roomful of officials are detailing the city’s corruption, anarchy and crumbling infrastructure. Out in the corridor supplicants wait their turn to plead for help. Throughout city hall staff lack education, skills and equipment. Hussein al-Tahaan leans back, takes off his spectacles and rubs his eyes.
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/ 7 September 2005
For Deutsche Bank and the JSE, the launch of Itrix, their range of international exchange traded funds (ETFs), could not have come at a better time amid fierce public debate on fund management fees. An ETF is a basket of shares that passively tracks an underlying index and is itself listed on a stock exchange.
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/ 7 September 2005
It was an era of nuclear brinkmanship, trade wars and decidedly iffy hairstyles. But in Japan the early 1980s is also remembered as the heyday of a chunky plastic puzzle that drove millions of children to distraction. A quarter of a century on the Rubik’s cube is being snapped up again, this time by nostalgic Japanese in their 30s and children who are apparently growing tired of complicated video games.
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/ 7 September 2005
White farmers on Wednesday threatened an armed struggle similar to that waged by the African National Congress unless their property and cultural concerns are addressed. A handful of farmers presented a memorandum to TAU South Africa president Paul van der Walt on the fringes of an agricultural union conference.