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/ 17 February 2004

Bullish sentiment drives JSE up

The JSE Securities Exchange South Africa (JSE) ticked up on bullish sentiment on Tuesday, especially toward the major resources groups such as BHP Billiton and Anglo American (Anglo). At noon, the all-share index was up 0,91%, while industrials and financials were 0,74% and 0,41% firmer respectively.

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/ 17 February 2004

Budget to burn smokers’ pockets

Minister of Finance Trevor Manuel is expected to announce a rise of about 10,8% in excise duties on tobacco products — or 42 cents per pack of 20 cigarettes — when he unveils the Budget for 2004/05 in Parliament on Wednesday. He is also expected to announce substantially higher increases in excise duties on alcoholic beverages.

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/ 17 February 2004

Talks raise hopes of peace for Kashmir

India and Pakistan raised new hopes of a historic peace accord yesterday when officials from the two countries met in Islamabad to discuss the terms for fresh negotiations. The renewed peace process comes two-and-a-half years and one major military stand off after the last round of talks collapsed over the disputed region of Kashmir.

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/ 17 February 2004

Saudi security barrier stirs anger in Yemen

The leaders of Yemen and Saudi Arabia are due to meet on Tuesday in an effort to settle a dispute over a security barrier the Saudis are building along their shared frontier. Saudi Arabia, which is battling against insurgents sympathetic to Osama bin Laden, says the barrier will stem the flow of militants and weapons from its southern neighbour.

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/ 17 February 2004

NNP lists for Western Cape released

The New National Party in the Western Cape on Tuesday became the first of the party’s provincial structures to release its candidates lists for the coming elections. Party leader Marthinus van Schalkwyk tops both the national and provincial lists by virtue of his position as provincial leader.

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/ 17 February 2004

Calling all South Africans

Getting South Africans excited about South Africa normally happens only when we win the Cricket World Cup, or Madiba does his shuffle with the African Nations Cup in his hands. It becomes a bit more challenging when it is done through the use of technology.

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/ 17 February 2004

India poised to become hardware hub

Software giant India is poised to become a large-scale hardware manufacturer on the back of explosive sales growth, India’s information technology minister said on Tuesday. ”We will see the large-scale manufacture of hardware in India in the next two to three years,” Arun Shourie told a telecommunications conference.