THE price of OPEC’s basket of seven crudes rose further to a year high of $31.37. That left the price above the group’s target $22-$28 price band for the twelfth consecutive working day. Under an informal mechanism agreed between OPEC producers in June, if the basket stays above the $22-$28 band for 20 working days […]
ACOUSTICAL spy tapes made by an American submarine in the Barents Sea support the theory that a faulty torpedo apparently exploded and sank the Russian submarine Kursk, US officials said. The officials confirmed a New York Times report that sonar tapes and other recordings that captured sounds of two explosions believed to have sunk the […]
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POLICE are expected to oppose bail when a man who allegedly had sex with his sister for 16 years, Jan Robert Fedder, 40, appears in the Delmas Magistrate’s Court. Fedder is charged with incest and has been in custody since he, his sister Heibrecht, 32, and their parents were arrested in Delmas on July 26. […]
REUTERS, Pretoria | Tuesday THE South African Reserve Bank (SARB) could well establish a financial stability unit to boost confidence and transparency in the country’s financial system. “The purpose of the proposed financial stability unit could be said to be to support the financial stability mission of the SARB and…monitoring the overall stability of the […]
THE Ghanaian government has ordered half a million female condoms to help combat the spread of the HI virus. The contraceptive, which can be used by either women or men practicing homosexual sex, was first trialed in the country as part of a pilot project run by the United Nations Population Fund and the Ghana […]
REUTERS, Johannesburg | Tuesday ANGLO American Platinum Corp (Amplats) has sold a stake of roughly 17.5% in miner Northam to empowerment firm Mvelaphanda Platinum. “Together with the acquisition from Rembrandt Group of a 5% shareholding in Northam, Mvela will hold approximately 22.5% which is roughly equal to Amplats remaining holding,” the platinum miner said. Amplats […]
REUTERS, Rabat | Tuesday MOROCCO’S trade deficit for the first half of this year surged 39.8% to 22.66bn dirhams due mainly to a higher crude oil imports bill. The state foreign trade regulatory Office de Changes said in a report that imports rose 14.8% at the end of June to 60.11bn dirhams while exports edged […]
A MAN accused of decapitating a five-year-old boy and cutting off his genitals and left arm, was allegedly caught with the body parts at a church service and arrested. The man was arrested at a Zion Christian Church in Bettiesgood village in Mpuluzi near Piet Retief. Little Nkosinathi Thela was found mutilated in KwaThandeka near […]
MARK BENDEICH, London | Monday MINING and metals group Billiton Plc grabbed Australia’s prized Worsley alumina refinery, buying a 56% stake in the plant from U.S. aluminium giant Alcoa Inc for $1.49bn. Billiton, in its second major acquisition in less than a week, said its total stake in the outback refinery, one of the world’s […]