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/ 18 November 2004

Brewing giant grows market share

Global brewing giant SABMiller posted a strong performance across the group in the six months ended September 30, growing market share in each of its business segments. And CE Graham Mackay believes the group’s businesses are benefiting from strengthening market positions and improving mix.

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/ 18 November 2004

JSE ticks higher despite rand

The JSE Securities Exchange (JSE) was in positive territory in noon trade on Thursday, defying the rand, which remained strong below the R6-per-dollar level. Solid results released by Swiss-listed luxury goods group Richemont and London-listed brewer SABMiller before the opening fuelled already positive sentiment.

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/ 18 November 2004

Microsoft accused of e-mail scorched earth policy

Microsoft developed policies stressing the systematic destruction of internal e-mails and other documents crucial to lawsuits it has faced in recent years, a California software company alleges. Burst.com, in court papers unsealed this week, also accuses Microsoft of destroying e-mails crucial to Burst’s lawsuit against the software giant even after the trial judge ordered it to retain the documents.

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/ 18 November 2004

Google launches new reasearch tool

Online search engine leader Google is setting out make better sense of all the scholarly work stored on the intenet. The company’s new service, unveiled late on Wednesday at scholar.google.com, draws upon newly developed algorithms to list the academic research that appears to be most relevant to a search request.

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/ 18 November 2004

Bondi Beach booze ban

A frosty Christmas beer on Sydney’s Bondi Beach has long been a cherished rite of passage for sweltering backpackers more used to spending the festive season in the chilly northern hemisphere winter. But authorities at the tourist icon have slapped a booze ban on the thousands of young visitors, most of them British and Irish, who descend for an impromptu beach party on Christmas Day.

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/ 18 November 2004

Demand for dollars slows rand’s rally

The rand remained firm below the R6-per-dollar level in late morning trade on Thursday, although importer demand for dollars was preventing it from fully capitalising on strength in the euro, which was trading near record highs. At 11.39am, the rand was quoted at R5,9468 per dollar from an overnight close of R5,9651 on Wednesday.

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/ 18 November 2004

Bill Gates receives four million e-mails a day

Internet junkies, take heart: Microsoft chairperson Bill Gates receives four million e-mails daily, most of them spam, and is probably the most spammed person in the world. But unlike ordinary users, the software mogul has an entire department to filter unsolicited e-mails and only a few of them actually get through to his inbox, Microsoft chief executive Steve Ballmer said in Singapore on Thursday.

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/ 18 November 2004

SARB to keep inflation targeting

The South African Reserve Bank (SARB) is likely to maintain its current monetary policy framework of inflation targeting for at least the next 10 years, despite temptations to focus more on promoting economic growth, according to Bernie de Jager, senior consultant at the SARB’s research department.

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/ 18 November 2004

Bill Clinton: The power and the story

Let’s get this out of the way: there is no sign of Monica Lewinsky’s blue dress in Bill Clinton’s personal monument to his immortality, a cantilevered span of steel and glass that houses the physical remains of his presidency. But the William J Clinton presidential centre, which opens on Thursday, is none the less a living mausoleum to America in the 1990s, redolent of the achievement, glitz and tawdry scandals that will endow his legacy.