If growth in the assets of the Public Investment Commissioners, which manages public sector pension funds, continues at more than 16,5% a year, it will completely dominate the South African economy in the next 12 years, to the detriment of social spending. ”If growth is to be halted, there are a number of options,” says Gavan Duffy of the Alternative Information and Development Centre.
New Zealand made two changes to its starting XV for Saturday’s Tri-Nations rugby union Test against South Africa at Christchurch from the line-up that beat Australia last weekend. Greg Somerville replaced Carl Hayman at tighthead prop and rugged Jerry Collins was selected on the blindside flank in place of the injured Jono Gibbes in the line-up announced on Tuesday.
Everton are braced to sell Wayne Rooney to Manchester United when the teenage striker returns from his Caribbean holiday this week. Goodison Park director Paul Gregg admitted it is ”incredibly sad” that the club has to even think about offloading their 18-year-old superstar.
Lance Armstrong retook the overall lead in the Tour de France on Tuesday, closing in on a record sixth title with an emphatic sprint finish on the first Alpine stage. Armstrong outsprinted Italian Ivan Basso, his last real challenger after two weeks of punishing racing, to take his second stage victory in the 2004 tour and the 18th of his illustrious career.
SA Rugby confirmed on Tuesday that it has reached an understanding with Springbok players concerning current payment structure and associated benefits accruing to the players. These matters were discussed and resolved in a meeting held on Sunday in Gosford (Sydney).
The South African Rugby Football Union (Sarfu) expressed its regret on Tuesday at the decision by Sarfu deputy president Keith Parkinson to resign. Parkinson issued a statement on Tuesday indicating that he resigns his positions within Sarfu, SA Rugby and the International Rugby Board with immediate effect.
The South African Football Association has appointed a new referees’ technical committee following the arrest of some top referees and club officials by the police on allegations of match-fixing and bribery. The committee is tasked to appoint referees and assistants for the Premiership and First Division matches.
Lance Armstrong may not have won his record sixth yellow jersey yet, but a day before the Tour de France restarts with the mountainous 15th stage, his team manager Johan Bruyneel could not feel better. After just two weeks of racing, Armstrong has taken massive steps towards a sixth consecutive yellow jersey.
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Negotiating parties played a waiting game in Pretoria on Monday as South Africa’s two top statesmen attempted to broker a Burundian power-sharing agreement. Generally regarded as the most powerful party in the talks, the CNDD-FDD was not sure if a conclusion would be reached before its departure on Tuesday.