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/ 28 February 2005
The massive growth in property prices is now tapering off, leaving the property market at risk of over-trading, property specialists warned on Monday. House prices have risen by 147% since the first quarter in 2000. ”This type of growth is not sustainable,” said a group executive at eQuals, a player in the property market, in a statement.
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/ 28 February 2005
The money set aside to help poor families cope with food price rises has doubled since 2002, Minister of Social Development Zola Skweyiya said on Monday. He said the money — R400-million, up from R200-million — has been received by the provinces, but ”a lot of problems had since arisen”.
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/ 28 February 2005
Burundians lined up on Monday to vote on a Constitution that enshrines Hutu control of Parliament and the government after decades of minority Tutsi dominance. The referendum will determine the fate of a Constitution that reserves 60% of seats in the government and Parliament for Hutus and 40% for Tutsis.
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/ 28 February 2005
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Senior prosecutor Billy Downer on Monday tried to prove to the Durban High Court that Schabir Shaik was a dishonest person flaunting qualifications he did not possess. He was cross-examining Shaik after the fraud and corruption-accused completed a week of testimony in his defence before the lunch break.
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/ 28 February 2005
Zimbabwean President Robert Mugabe has blasted ruling party officials for selling secrets to foreign governments in his first reaction on an alleged espionage ring involving senior Zanu-PF members and a South African spy. The state-run Herald daily on Monday quoted the octogenarian leader as saying that nobody involved in spying would be let off the hook.
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/ 28 February 2005
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Fraud and corruption accused Schabir Shaik completed his testimony in the Durban High Court on Monday. During his testimony, he said he had never tried to mislead the South African Revenue Service, shareholders of his companies, or banks. He has also denied state allegations that he tried to solicit a R500 000-a-year bribe for Deputy President Jacob Zuma.
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/ 28 February 2005
A car bombing on Monday near a medical centre in a town south of Baghdad killed 105 people in the single deadliest insurgent attack in Iraq in more than a year, hospital officials said. The blast ripped through a crowd of civil servants waiting outside a medical centre in Hilla, capital of Babil province, and left another 122 people wounded, they said.
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/ 28 February 2005
United Nations Secretary General rejected criticism in Moscow on Monday that the UN is not doing enough to help restore order in Iraq, and offered the world body’s aid in helping the war-torn country work out a new Constitution. ”Many suggest that … the UN is not adequately represented in this country,” Annan wrote in a newspaper article.
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/ 28 February 2005
The JSE Securities Exchange (JSE) rallied to yet another record high on Monday morning, fuelled by stronger world markets. While the number of advancers and decliners on the all-share index was pretty equal, the majority of heavyweights were up, ensuring the bourse’s positive performance. By 11.56am, the all-share index was up 0,57% at 13 452,25.
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/ 28 February 2005
Residents of the northern Cook Islands were evacuated from their homes on Sunday as the tiny South Pacific nation was lashed by a ”near direct hit” from the fourth cyclone in the region this month, disaster authorities said. Communications with the island of Pukapuka in the northern Cook Islands were lost on Sunday morning.