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/ 3 May 2006

Definition of ‘shebeen’ to be discussed in court

The definition of the word ”shebeen” will be discussed in the Constitutional Court on Wednesday, court registrar Martie Stander said. ”The court will hear an application for the confirmation of an order of constitutional invalidity made by the Pretoria High Court in respect of the definition of shebeen contained in section 1 of the Gauteng Liquor Act, 2003,” Stander said.

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/ 3 May 2006

SARB: Banking sector remains healthy

South Africa’s banking sector continues to be profitable, well-capitalised and able to withstand considerable adverse shocks, according to the South African Reserve Bank’s (SARB) latest <i>Financial Stability Review</i>. The central bank said on Wednesday that the favourable macroeconomic environment had contributed towards improved asset quality, and provisioning against overdue accounts was considered adequate in aggregate.

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/ 3 May 2006

Injuries force England to look at ‘plan B’

England number two Tord Grip has admitted that they are devising a ”Plan B” for the World Cup after injuries to top strikers Wayne Rooney and Michael Owen. Rooney broke a bone in his foot on Saturday but has refused to give up hope of playing some part in England’s World Cup campaign, despite the scepticism of his Manchester United boss, Sir Alex Ferguson.

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/ 3 May 2006

Gold, resources keep JSE on high

The JSE was at a fresh all-time high at noon on Wednesday, boosted by gains in resources as the bullion price moved through the $670 per ounce level. Several resources counters reached lifetime or long-term highs. By 11.47am, the all-share index was up 1% as resources climbed 1,96%, the gold-mining index jumped 2,02% and the platinum-mining index gained 1,50%.

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/ 3 May 2006

Suppressed Freud makes comeback

After decades under suspicion, Sigmund Freud is making a comeback in the country of his birth 150 years ago, where he left a legacy complex enough to merit a few sessions on the couch. In Prague, seminars, conferences and public exhibitions over his influence on art, as well as smaller events in his birthplace Pribor, all testify to something of a Freud revival in the Czech Republic.

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/ 3 May 2006

Pirate attacks, hostage-taking on the rise in 2006

High-seas pirate attacks have risen in the first three months of this year, and incidents are becoming more violent with the rate of hostage-taking doubling, an international watchdog said on Wednesday. The International Maritime Bureau recorded 61 piracy attacks worldwide in the first quarter of 2006, compared to 56 in the same period last year.