Five years ago, investors were told there was unlimited money to be made out of the dotcom revolution — and that was true, until the point where there were no longer more buyers than sellers. The market reached that point in March 2000 and, since then, the Nasdaq has lost 60% of its value and millions of small investors have suffered.
South Africa may have a special role to play in the global search for what one might call the ”decent economy”. But if we are to achieve this — stage two if you like of the revolution of which so many have dreamed in the long march to freedom — it is necessary to examine unflinchingly what we have and have not achieved since 1994.
”It’s all porn,” a colleague said. He was reacting to the Patricia Lewis skande. ”It doesn’t really make a difference if it’s hard or soft.” We’d seen the morning headlines, and this time the news was huge. This was not just a catfight with market rival Amor Vittone. Nor just news that she was pregnant and capable of breeding.
A motorcyclist on holiday in KwaZulu-Natal was caught speeding at 275km/h and fined R31 000, the traffic department said on Wednesday. The man repeatedly tried to escape, and traffic officials had to block the entire N2 highway before they could bring him to a halt, said spokesperson Collin Govender.
Prison reformers are calling for the Department of Correctional Services not to punish consensual sex between prisoners and for eventually allowing such sex in prisons. This seemingly far-fetched proposal is even suggested by the Judicial Inspectorate of Prisons, a statutory agency tasked with making recommendations on correctional services.
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A federal judge in Tampa, Florida, rejected a bid to reinsert the feeding tube sustaining the life of a brain-damaged woman whose plight has sparked an emotional debate over the ”right to die”. The woman’s parents will now likely take their case to the 11th Circuit Court of Appeals in Atlanta, Georgia, lawyers said.
Collusion claims against South African Airways, SA Airlink, SA Express and Nationwide have been referred to the Competition Tribunal for a ruling, the Competition Commission said on Tuesday. The airlines are accused of agreeing to introduce a fuel surcharge simultaneously on the price of domestic tickets.
South African opening bowler Shaun Pollock will miss the first Test against the West Indies in Guyana due to his injured left ankle. Team physiotherapist Shane Jabaar confirmed on Monday that Pollock will remain in Durban to undergo treatment and a strict rehabilitation programme.
A British factory worker who managed to send a complicated 25-word SMS on his cellphone in just 48 seconds has gained entry into the Guinness Book of Records, it was announced on Tuesday. Scotsman Craig Crosbie earned the crown for being the world’s fastest SMSer during a competition in London.