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/ 17 February 2005

Economist predicts increase in sin taxes

An increase in sin taxes and the fuel levy are predicted in this month’s Budget speech, according to a tax expert at financial services firm Deloitte. ”In line with prior years, we expect inflationary increases on most alcoholic beverages, with low increases on traditional African beer,” said Duane Newman.

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/ 17 February 2005

Kumba declares 18-month dividend

Mining company Kumba Resources declared a final dividend of 90 cents per share for the 18-month period ending in December 2004, the company said on Thursday. ”This will result in a total dividend for the period of 145 cents per share,” said Con Fauconnier, Kumba’s Chief Executive Officer.

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/ 17 February 2005

Unrepentant protestor arrives at court naked

An environmental protester facing indecent exposure charges arrived at Auckland’s District Court naked — but dressed before he entered the courtroom on Thursday. Computer technician Simon Oosterman (24) was charged during the Auckland Naked Bike Ride last Sunday, an event he organised to protest society’s dependence on the car.

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/ 17 February 2005

Distell boosts ad spending in tough SA market

Distell Group, South Africa’s largest listed wine and spirits producer, increased its marketing and advertising spending by 17% for the six-month period to end-December 2004, compared to a year earlier, in a bid to overcome extremely competitive conditions in the South African alcoholic beverages market, according to managing director Jan Scannell.

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/ 17 February 2005

The large print giveth…

There is a crisis in literature. Readers have stopped reading, and drawn instead to other perhaps more modish forms of entertainment. Sales are down, authors are despondent, salons are closing and literary lunches have become drab affairs. But United States publishers have come to the rescue.