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/ 12 December 2006
World number five Retief Goosen will defend his title in the South African Open golf championship beginning at Humewood in Port Elizabeth on Thursday. The field also includes Goosen’s South African compatriot Ernie Els, who is desperate for his first win this year to protect a remarkable record.
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/ 12 December 2006
Zimbabwe’s finance minister has dismissed rumours he is at loggerheads with central bank Governor Gideon Gono as the country’s economic crisis deepens, reports said on Tuesday. In an interview with the state-controlled Herald newspaper, Herbert Murerwa said he had no problems with the feisty Reserve Bank of Zimbabwe chief.
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/ 12 December 2006
The organisers of next year’s Cricket World Cup are taking every possible step to ensure security during the event in the Caribbean, a top official said on Tuesday. Foreign experts have been called in to advise on the security plans for the championship, which begins in March, chairperson of the World Cup 2007 organising board Ken Gordon told the media.
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/ 12 December 2006
Nicky Boje, South Africa’s leading Test spin bowler, announced his retirement on Tuesday in a move that came on the day he was due to join the squad for the first Test against India starting at the Wanderers Stadium on Friday. His sudden retirement came as a shock to selection convenor Haroon Lorgat and coach Mickey Arthur.
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/ 12 December 2006
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The request by the National Prosecuting Authority (NPA) to have documents pertaining to meetings between Jacob Zuma, French arms manufacturer Thint and Schabir Shaik released from Mauritius was on Tuesday postponed to March. Zuma and Thint’s legal teams will oppose the application for the documents to be handed over to the NPA.
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/ 12 December 2006
Absa Fund Managers, the unit-trust management company within Absa Investments, has launched four new funds to complement its existing range of unit trusts. The Absa Absolute Fund, which is ideal for cautious investors seeking a real return with relatively low capital risk, has an investment objective of inflation plus 4%.
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/ 12 December 2006
Interest-rate hikes locally are likely to make for a more stable rand going into the next year, analysts say. The carry trade, which involves borrowing in low yielding currencies and investing in high yielders, is expected to help the rand offset the negative effect that the imports need for South Africa’s increased infrastructural spending will have.
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/ 12 December 2006
The JSE was weaker in noon trade on Tuesday, dragged down by derivatives-related activity ahead of next Thursday’s futures close-out. A stronger rand and soft commodity prices also contributed to the bourse’s soggy feel. By 11.59am, the all-share and all-share industrial indices shed 0,38% and 0,2% respectively.
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/ 12 December 2006
Maintenance backlogs have dragged South Africa’s infrastructure grade down to a D, or "poor", in the first report card of the country’s built environment infrastructure, released by the South African Institution of Civil Engineering (SAICE) recently.
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/ 12 December 2006
United Nations special envoy James Morris on Monday told Zimbabwean President Robert Mugabe that his government should ensure food security in the country of 12-million in order to halt a seven-year economic meltdown. Zimbabwe is in the throes of a damaging economic crisis that has driven inflation to 1Â 098,8%.