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/ 28 February 2005
Old Mutual, South Africa’s largest insurer, will unveil details of its black economic empowerment (BEE) plans in the "near future", its CEO has confirmed. The group has been working on a transaction involving the sale of a 10% stake in its South African operations, as well as Nedcor and Mutual & Federal, to black empowerment partners.
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/ 28 February 2005
One of the country’s most established banks, Mercantile Lisbon Bank, has undergone a complete makeover and hopes to return to profitability this year. As part of the makeover, it has changed its name to simply Mercantile Bank and exchanged its somewhat staid image for a fresh look to match the new course on which it is embarking.
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/ 28 February 2005
South African oil and chemicals group Sasol on Monday touched yet another all-time high on bullish sentiment toward the stock driven by the high oil and chemical prices, a re-rating of the stock by foreign investors and positioning ahead of the group’s latest interim results due next Monday, analysts said.
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/ 28 February 2005
Australian captain Ricky Ponting and his New Zealand counterpart Stephen Fleming came to the defence of speed bowler Brett Lee on Monday over allegations of dangerous bowling. New Zealand wicketkeeper Brendon McCullum was involved in an angry exchange with Lee during Saturday’s match in Auckland after he was struck on the arm by a waist high full toss from the Australian.
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/ 28 February 2005
A dangerous humanitarian crisis is looming in the Democratic Republic of Congo with sharply increasing unrest in the Ituri region where nine United Nations soldiers were killed on Friday, the UN warned. Observers say attempts to block the disarming of local rebels could jeopardise the transitional process designed to bring peace to the vast central African state.
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/ 28 February 2005
Jef Raskin, a computer interface expert who conceived Apple Computer’s groundbreaking Macintosh computer but left the company before it came to market, has died. He was 61. Raskin died on Saturday night at his home in Pacifica, his family said in a statement.
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/ 28 February 2005
Ancient Chinese craftsmen used a secret ingredient to keep their structures standing through the centuries — sticky rice. The legend that rice porridge was used in mortar to make robust ramparts has been verified by archaeological research in the northwestern province of Shaanxi.
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/ 28 February 2005
When Sidney Lumet was awarded the lifetime achievement award at the Oscars, he was in a familiar position: Martin Scorsese’s shadow. While Scorsese’s failed bid to capture his first Academy Award was Sunday night’s primary source of drama, Sidney Lumet — the other New York director — was finally recognised.
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/ 28 February 2005
Listed mobile network MTN Group announced on Monday that it had signed a contract worth around $15-million with United Kingdom-based Intec Telecom Systems for a new customer billing system using Intec’s Singl.eView software. The new system will handle billing for the mobile group’s South African operation which has over 7,7-million subscribers.
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/ 28 February 2005
Former stand-up comic Jamie Foxx, who won the best actor Oscar on Sunday for his sizzling role in Ray, plunged into the dark world of blind soul legend Ray Charles and emerged as a Hollywood heavyweight. An emotional Foxx was greeted by a standing ovation on receiving his award, as he sang a few notes in homage to Charles.