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/ 14 February 2008

New Zealand wine industry upbeat about global warming

Global warming, which is threatening the viability of the drought-stricken wine industry in Australia, could be a boon for neighbouring New Zealand which has been enjoying a growing reputation for its quality wines. New Zealand’s subtle flavoured wines, mostly whites such as Sauvignon Blanc but also reds such as Pinot Noir, are appearing on the tables of fine restaurants from London to Los Angeles.

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/ 14 February 2008

The Sting: Part I

There will not be ”two centres of power” and the government and ANC will work smoothly together, the ANC has soothingly told the nation. Oh really? With the political year hardly begun, there are tensions between the new ANC leadership and President Thabo Mbeki already, most notably over who will be South Africa’s deputy president and over the Scorpions.

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/ 13 February 2008

KZN judge returns Sexwale shares

KwaZulu-Natal (KZN) Judge President Vuka Tshabalala said on Wednesday that he had returned all the shares in Absa Bank worth millions of rands, which were given to him by a consortium headed by businessman Tokyo Sexwale. ”I have returned the shares. That’s the end of the matter,” said Tshabalala.

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/ 13 February 2008

Rogue trader Kerviel appeals against detention

Lawyers for Jerome Kerviel, the rogue trader blamed by French bank Société Générale for huge losses, lodged an appeal against his detention, the Paris prosecutor’s office said on Wednesday. Kerviel placed a secret wrong-way bet on the share market that Société Générale blames for a -billion trading loss in the world’s biggest rogue trading scandal.

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/ 13 February 2008

EU to fingerprint foreigners to beef up borders

The European Commission unveiled on Wednesday a plan to fingerprint all foreigners visiting 24 European countries. The electronic register, similar to a policy adopted by the United States after the September 11 2001 attacks could go into effect by 2015 if governments and European lawmakers agree, the European Union executive said.

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/ 13 February 2008

Kliptown housing project on track, says Gauteng govt

The Greater Kliptown Development Project is well on track, the Gauteng department of housing said on Wednesday. ”The project has, however, not been without challenges. ”During the implementation, the project experienced delays brought about by the density of the informal settlement and the slow delivery by previous contractors,” the department said.