A post template

No image available
/ 24 November 2006

JSE down, but rand limits losses

The JSE was marginally weaker in noon trade on Friday as negative European markets, on which heavyweight dual-listed stocks were down, took their toll. Losses locally were pared by a weaker rand and higher gold price. By 12.14pm, the all share index dipped 0,11%.

No image available
/ 24 November 2006

Moody’s says CPIX to peak going into 2007

Moody’s <i>Economy.com</i> expects South Africa’s CPIX inflation to peak in the closing months of the year and to linger at the upper end of the central bank’s 3% to 6% target range going into 2007, before moderating steadily. The recent slowdown in retail sales growth was flagged as a sign that monetary tightening is having its desired effect, it added.

No image available
/ 24 November 2006

Nestlé’s unlikely bogeyman

Politely pouring a cup of tea into a bone china cup in his sumptuous Claridges suite, Peter Brabeck-Letmathe is an unlikely bogeyman. Yet ask many food campaigners to name their least favourite corporate executive and the silver-haired Austrian at the head of the world’s largest food company, Nestlé, would come high on many lists.

No image available
/ 24 November 2006

Mbeki lauds Holcim-AfriSam deal

President Thabo Mbeki on Friday lauded the Holcim-AfriSam deal and lambasted those questioning the Swiss cement company’s motive in selling most of its South African subsidiary to a black consortium. Mbeki said Holcim had decided it made good commercial sense for Holcim South Africa to be black-owned and controlled.

No image available
/ 24 November 2006

German police get their phoney patrolman

German traffic police were shocked to see a California highway patrol car cruising along the motorway, driven by a man dressed as an authentic United States cop, authorities said on Thursday. But they recovered sufficiently to book the 35-year-old Goettingen resident, whose uniform badge read ”TJ Lazer”.

No image available
/ 24 November 2006

Time to wake up DWAF

Indigenous evergreen forests comprise only 0,56% of South Africa’s land surface area. These forests form the smallest of our natural biomes, made up mostly of tiny slivers and corners, coppices scattered across the land. There are the greater forests of Knysna and places like Dukuduku in KwaZulu-Natal, but political, social and commercial forces are putting enormous strain on these.