The South African rand is no longer at the mercy of hot money flowing in and out of the country at the whim of short-term investors, Business Report said on Tuesday. It said global investors had started taking a long-term view of the country’s prospects.
Two Eastern Cape traditional kings have damaged the brand-new luxury German cars the provincial government gave them last month, Dispatch Online reported on Tuesday. The vehicles belonged to King Buyelekhaya Dalindyebo of AbaThembu BakaDalindyebo and King Zwelonke Sigcawu of AmaGcaleka.
The love for soccer of the 43 people killed in a stampede at Ellis Park Stadium five years ago would always be remembered, Orlando Pirates chairperson Irvin Khoza told their families on Tuesday. They had given true meaning to the word support, added Kaizer Chiefs head Kaizer Motaung.
Oil prices breached $69 a barrel in Asian trading on Tuesday on concerns of a possible United States military strike against Iran, dealers said. At 12.43pm New York’s main contract, light sweet crude for May delivery was at $69,01 a barrel, up 27 cents from its close of $68,74 in the United States on Monday.
The fees of general medical practitioners in Zimbabwe have risen by 100%, Harare’s The Herald newspaper reported on Tuesday. Its website said medical-aid societies were also allowed to increase member contributions by between 70% and 90%. Specialist physician fees had been doubled.
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A man implicated in an attempted rape by the woman who has accused Jacob Zuma of raping her told the Johannesburg High Court on Tuesday he was surprised she could not remember him. Sandile Sithole (38) said he was also surprised that the complainant had denied ever making the attempted rape allegation against him.
<i>The Teacher</i>, the monthly newspaper distributed to schools and educators by M&G Media, publisher of the <i>Mail & Guardian</i>, turns 10 years old this month. "Happy birthday to a newspaper that is dedicated to servicing the most important people in our society: the architects of tomorrow’s generation," said <i>M&G</i> editor Ferial Haffajee. "Long may <i>The Teacher</i> continue to educate and shine its torch."
Chinese writer Li Jianping will go on trial for subversion on Wednesday for posting political essays on the internet, a rights group said. An intermediate court in Shandong province will hear Li’s case after charges against him were upgraded from "suspicion of defamation" to "inciting subversion of the state," the China Rights Defenders said in a statement.
Financial services institutions worldwide are recognising and embracing a new era of banking, instigated by Basel II, according to a new survey published on Tuesday by leading professional services provider Ernst & Young. Processes and systems will significantly change, along with the way risks are managed, signifying a new era and fresh dynamic in the global financial services market place.
Israel’s Cabinet on Tuesday declared ailing Prime Minister Ariel Sharon permanently incapacitated, marking the official end of his five-year tenure. Sharon (78) suffered a devastating stroke on January 4 and has been in a coma since. After the stroke, Sharon’s deputy, Ehud Olmert immediately stepped in as his temporary replacement.