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/ 11 March 2008

Extinct ‘Hobbit’ population discovered in Palau

An extinct population of small-bodied humans has been found on the Palau group of islands in the Pacific Ocean, a University of the Witwatersrand researcher said on Tuesday. Palaeoanthropologist professor Lee Berger discovered the fossils while vacationing in Palau in 2006. ”We were on a kayak excursion when a guide asked me if I wanted to see a cave with some old bones.”

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/ 11 March 2008

Oil prices break fresh record high near $110

Oil prices struck a record high of $109,72 per barrel on Tuesday after the dollar hit a fresh all-time low against the euro and amid persistent energy-supply concerns, traders said. New York’s main oil contract, light sweet crude for delivery in April, soared to the historic level, beating the previous peak of $108,21, which was set on Monday.

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/ 11 March 2008

R1,1-billion construction merger announced

Civil engineering and construction group Stefanutti and Bressan on Tuesday announced a R1,1-billion merger with international construction group Stocks Limited. The merger would position the new group as a major competitor in the first-tier construction sector with turnover of almost R5-billion, Stefanutti and Bressan said in a statement.

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/ 11 March 2008

Sudan’s Bashir raises doubt over peace accord

Sudan President Omar al-Bashir on Tuesday raised doubts over a peace deal that Senegal said the leaders of Sudan and Chad are to initial in Dakar on the eve of an Islamic summit. Bashir referred to a Saudi-brokered deal signed in Riyadh in May 2007, when the two leaders made a pilgrimage to Mecca and prayed together inside the Kaaba, the holiest Muslim shrine.

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/ 11 March 2008

Taxi fares to increase

Minibus-taxi commuters should brace themselves for an increase in taxi fares due to the increase in the petrol price, the South African National Taxi Council (Santaco) said on Tuesday. ”We are pressed and we can no longer afford petrol prices. We are forced to put our hands in the commuters’ pockets,” said Santaco general secretary Philip Taaibosch.