Many high-net-worth individuals will be using current market weakness as a value opportunity and chance to grow their long-term wealth even more, judging by the advice of Barnard Jacobs Mellet Private Client Services. There is a high probability that current equity-market jitters will lead to an over-reaction by many retail investors.
An alleged hit man in the murder of Govan Mbeki municipality deputy mayor Thandi Mtsweni confessed to the killing in the Evander Magistrate’s Court in Mpumalanga on Thursday, the South African Broadcasting Corporation reported. The alleged assassin is Sikhosiphe Gwala (42).
Two senior University of Fort Hare academics have been suspended after an apparent examination bungle, Dispatch Online reported on Thursday. They are Professor John Hendricks, dean of social sciences and humanities, and school of social sciences director Fhulu Nekhwevha.
South Africa faces the challenge of how to use its 5% economic growth in ways that everyone, especially the poor, will benefit, Finance Minister Trevor Manuel said on Thursday. He was speaking at the launch of the Development Bank of Southern Africa’s annual report.
A wanted Taliban insurgent leader in Afghanistan, Mullah Brother, was killed on Thursday in a United States-led raid in the southern province of Helmand, the Afghan Defence Ministry said, citing ground commanders. Brother served as a top military commander for the Taliban government until its removal from power in 2001.
Italian police on Thursday arrested 40 suspected Mafiosi at the centre of a mob feud police blame for the execution-style killings of six Italians in Germany. Camouflage-clad police backed by helicopters swooped into the southern Italian mountain village of San Luca, the epicentre of a 16-year-old feud inside the Calabrian underworld organisation.
The Democratic Alliance (DA) has withdrawn its request to the Public Protector to investigate whether President Thabo Mbeki intervened to assure a liver transplant for Health Minister Manto Tshabalala-Msimang. Party leader Helen Zille said on Thursday she made the decision after meeting Mbeki earlier in the week.
Darfur rebels accused the government of bombing South Darfur on Thursday, the latest attack in an aerial campaign that has driven thousands of people from their homes over the past month. ”There is aerial bombardment on a daily basis — bombing by MiG 29 and by Antonov,” Justice and Equality Movement commander Abel Aziz el-Nur Ashr Ashr said.
Inmates at a major Japanese prison found marijuana growing naturally on the grounds, but instead of getting high, they went to the wardens. The prisoners found about 300 hemp shoots growing on the exercise ground of Abashiri Prison, located on Japan’s northern-most island of Hokkaido, Jiji Press and the <i>Yomiuri Shimbun</i> said.
A Somali reconciliation conference aimed at ending 16 years of war and attended by thousands was due to wrap up on Thursday after six weeks of talks that were marred by relentless violence in Mogadishu. ”It was the first time such a large number of Somali delegates in favour of peace met,” said clan elder Bile Mohamud Qabowsade.