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/ 20 June 2005

Rain Queen laid to rest

The Rain Queen, Makobo Modjadji the Sixth, was buried at the royal cemetery at Ga-Modjadji in Limpopo on Monday, South African Broadcasting Corporation news reported. Only family members attended the funeral and thousands of mourners waited outside the cemetery.

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/ 20 June 2005

Old Mutual sees embedded value increase

London-listed South African life assurance group Old Mutual said on Monday that the adoption of European Embedded Value (EEV) increased its embedded value by 0,5% at the end of December 2004. The EEV principles require best-estimate assumptions, consistency between assumptions and active review.

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/ 20 June 2005

JSE heads higher as gold stocks shine

The JSE Securities Exchange was higher at midday on Monday, with bullion’s break above the $440 an ounce level, lending a shine to gold stocks. Broadly positive sentiment was underpinning the local bourse, dealers said. By 12.01pm, the gold mining index gained 1,1%. The all share and all share industrial indices added 0,23% and 0,32% respectively.

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/ 20 June 2005

Actress Lorna Thayer dies

Actress Lorna Thayer, the waitress who memorably refused to let Jack Nicholson order toast in the 1970 movie Five Easy Pieces, died on June 4 at the Motion Picture and Television Fund retirement home after a long battle with Alzheimer’s disease. She was 85.

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/ 20 June 2005

SA’s Aids orphans raised on pensions

Hundreds of thousands of grandmothers, some of them in their twilight years and struggling to make ends meet, are getting a second, often dismal turn at motherhood, raising Aids orphans in South Africa. About half of South Africa’s 1,1-million orphans are being raised by their grandparents.

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/ 20 June 2005

Latte lovers left frothing over coffee wars

Radical latte lovers are getting the bean rolling in a new campaign against big brand coffee giants like Starbucks. In a new and frothy front in the struggle to turn back globalisation, United States coffee lovers are being offered the chance to wean themselves off what critics deride as the same blends and decor of big coffee chains.