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/ 24 January 2007

Consumer inflation steady, eases rates concerns

South Africa’s targeted CPIX (consumer price index excluding interest rates on mortgage bonds) inflation was steady at 5% year-on-year in December, slightly below forecasts and easing pressure for higher interest rates, official data showed on Wednesday. Statistics South Africa also said headline consumer inflation — which includes mortgage costs — accelerated to 5,8% year-on-year in December.

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/ 24 January 2007

Laila Ali looks for male sparring partners

World acclaimed female boxer Laila Ali is looking for male sparring partners to help her prepare for her world super middleweight title defence against Gwendolyn O’Neill at Emperor’s Palace, east of Johannesburg, on February 3. This was disclosed by the promoters of the fight, Golden Gloves Promotion, after Ali arrived in the country on Tuesday.

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/ 24 January 2007

Offer to Shoprite shareholders increased

Unlisted South African retailer Shoprite on Wednesday announced that Brait, acting through Maxshell 107 Investments, has increased the offer to Shoprite minority shareholders to R28 per share. In terms of the revised offer, Shoprite shareholders will receive one New Retail Class B share valued at R28 for every Shoprite share held.

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/ 24 January 2007

Sudanese passenger plane hijacked by gunman

A domestic Sudanese passenger plane has been hijacked after leaving Khartoum by an unknown gunman who diverted the plane to Chad’s capital, Ndjamena, an airline official said on Wednesday. ”There are 103 people on board,” said Ahmed Salih, commercial manager of the Air West airline that operates the Boeing 737 plane.

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/ 24 January 2007

Shevchenko fires for Chelsea

Andriy Shevchenko and Frank Lampard each scored twice as Chelsea routed Wycombe 4-0 for a place in the final of the English League Cup on Tuesday. Shevchenko hadn’t scored in his 10 previous appearances for Chelsea, and has reportedly fallen out with manager Jose Mourinho, partly because of his friendship with owner Roman Abramovich.