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/ 6 March 2008

January PPI at 10,4%

South Africa’s new basket of producer price inflation stood at 10,4% year-on-year in January, official data showed on Thursday. Statistics South Africa said the headline number represented domestic output which measured 9,5% in December. On a monthly basis, PPI increased by 1%.

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/ 6 March 2008

Manuel wins gag order over arms-deal claims

Finance Minister Trevor Manuel has won his high court bid to stop an activist claiming he is guilty of corruption over the arms deal. The ruling was handed down on Thursday morning. The court ordered that Terry Crawford-Browne be interdicted and restrained from ”publishing any matter in which it is alleged that the applicant is corrupt”.

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/ 6 March 2008

Sanlam headline earnings fall, sees tough 2008

South African financial-services firm Sanlam said on Thursday its full-year normalised headline earnings fell 22% due to a slowdown in equity markets in 2007 and compared with high returns in 2006. It also warned of a tough year ahead as interest rates, higher inflation, a power-supply crunch at home and volatility in international financial markets take their toll.

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/ 6 March 2008

Aid groups say Gaza conditions worst since 1967

British humanitarian agencies on Thursday said the situation in the Gaza Strip was the worst in 40 years and urged the European Union to hold talks with Hamas. ”The situation for 1,5-million Palestinians in the Gaza Strip is worse now than at any time since the beginning of the Israeli military occupation in 1967,” the eight NGOs said in a joint report.