EADS co-chief executive Noel Forgeard was being questioned on Wednesday by France’s parliamentary finance committee on why he sold millions of euros’ worth of shares in the European aerospace group just before it announced delays in deliveries of its Airbus A380 superjumbo.
The recent hawkish statements by the central bank on inflation seem to have been backed up as the consumer price index excluding mortgage rate changes for metro and other areas, which is used by the South African Reserve Bank for its inflation target, was up 4,1% year-on-year (y/y) in May after a 3,7% y/y increase in April, according to Statistics South Africa numbers on Wednesday.
The increase in South Africa’s consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank for its inflation target, was up 4,1% year-on-year in May after a 3,7% y/y increase in April, Statistics South Africa said on Wednesday.
One of the parents whose baby died recently during a power failure at an East London hospital plans to sue the government, the South African Broadcasting Corporation reported on Tuesday. Another parent was seeking legal advice. Parents of the dead babies were outraged at comments by Health Minister Manto Tshabalala-Msimang in Parliament that they would not receive compensation.
The European Commission is to propose making South Africa a ”strategic partner” by forging a pact similar to ones already struck with the United States and China, EU sources said on Tuesday. The European Commission, the bloc’s executive arm, has set out its ideas for a partnership in a document to be considered by the EU’s 25 member state governments and EU lawmakers.
Andre Agassi is trying not to let emotions get the better of him as he plays his 14th — and final — Wimbledon. ”I don’t need this championship to give me any more than it’s given me,” the 36-year-old former champion said after a four-set opening-round victory on Tuesday. ”It’s already given me so much.”
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Traditional soccer powers from Europe and South America are back on top and the rest of the world has fallen short. Four years ago, half of the quarterfinalists at the World Cup were from nations with no history of major soccer success. Turkey, South Korea, Senegal and the United States gave the tournament a truly global look and two of them made it to the semifinals.
Zimbabwe’s labour movement on Tuesday said it is finalising plans for nationwide protests to press for realistic wages, stoking up tensions in a country already on knife edge because of a deepening economic and political crisis. Zimbabwe’s economy is on a free fall, with inflation pegged at 1 193,5%.
The Israeli army entered southern Gaza on Wednesday after threatening a major offensive to try to secure the release of an Israeli soldier taken hostage by Palestinian militants. Tanks and soldiers began taking up positions in two locations east of the town of Rafah under the cover of tank shells.
The city of Cape Town is to institute claims against the South African Transport and Allied Workers’ Union (Satawu) for damage caused during the union’s protest march last month, a spokesperson said on Wednesday. Pieter Cronje said 248 people had reported personal injuries and damage to their property totalling R1,15-million.