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/ 20 November 2006
The first MTN one-day international between South Africa and India at the Wanderers was officially called off at 6.30 pm on Sunday because of persistent rain. About 30Â 000 people had braved the elements, hoping to see some action. It was overcast in the morning, but rain started falling just before the toss at two o’clock, and the covers were brought on.
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/ 20 November 2006
Beijing is planning to build the world’s biggest subway and dramatically expand its bus network as part of efforts to combat the city’s fast-increasing traffic grid-lock, state press said on Monday. The Chinese capital will expand its subway system to 273km by 2010 and to 561km by 2020.
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/ 20 November 2006
Zambia’s ailing former president Frederick Chiluba was due in South Africa on Monday to receive treatment for an acute heart condition. Chiluba was expected to leave Zambia in the afternoon for Johannesburg where he will undergo medical examinations following his deteriorating health caused by a cardiac complication.
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/ 20 November 2006
Yahoo! will work with seven United States newspaper groups to share online advertising in a deal that could help newspapers tap into the lucrative online ad market. A total of 176 newspapers in 38 states will participate in the deal, reported on Sunday on the website of the New York Times.
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/ 20 November 2006
African leaders are expressing a renewed sense of urgency about tackling unemployment among young people and are beginning to develop and implement plans to create jobs in the region. "In Africa, the problem of youth unemployment is more complex than in some other parts of the world," says Kenyan President Mwai Kibaki.
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/ 20 November 2006
Ahead of the December festive season, Transport Minister Jeff Radebe on the weekend warned that road accidents not only cost lives but can negatively affect the country’s economic-growth targets. Road accidents cost the economy an estimated R43-billion each year, the minister said.
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/ 20 November 2006
The JSE was looking to snap its three-day losing streak on Monday with a recovery in precious-metals prices lifting resources stocks. News was a little on the sparse side and dealers said that the market was quiet. By 11.48am, the all-share index added 0,65%. Resources rallied 1,51%, the platinum-mining index surged 4,04% and the gold-mining index jumped 2,82%.
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/ 20 November 2006
Credit Guarantee said on Monday it had reviewed and upgraded its credit ratings of four of South Africa’s trading partners and had also re-rated Angola as open for export cover. "Having emerged from under the cloud of civil war, enormous opportunities now exist in the construction, agricultural, infrastructural, tourism and oil/mining-linked sectors [of Angola]," said Credit Guarantee.
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/ 20 November 2006
United States stock exchange Nasdaq launched a £2,7-billion (,1-billion bid for the London Stock Exchange (LSE) on Monday and strengthened its hand by buying more shares in the market. Nasdaq, which had built up a 25% stake after a previous bid was rebuffed, said it was offering to pay 1 243 pence a share in cash for the rest of the company.
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/ 20 November 2006
Ballerina Penelope Thloloe, who ”survived” being the first black student at South Africa’s national arts school, now devotes her energy passing on her skills to children in Alexandra. Thloloe is a study in concentration as she trains students in the sprawling black township abutting Johannesburg’s chic Sandton quarter, where she still lives.