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/ 1 September 2005
United States President George Bush on Wednesday ordered the release of crude oil from US strategic reserves as the White House sought to prevent the spike in global energy prices caused by Hurricane Katrina damaging the world’s biggest economy. There are fears that oil prices could continue rising to or a barrel.
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/ 1 September 2005
South Africa’s second-largest mobile network, the MTN group, has announced that it is to introduce an MTN Wow Wow value bundle that effects between 37% and 50% discounts for pay-as-you-go subscribers. Vodacom over the weekend announced a similar deal for its customers across the board at no extra charges.
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/ 1 September 2005
Diversified South African industrial company Barloworld on Thursday announced it has signed heads of agreement with the owners of Midas Paints, trading as Midas Earthcote, to acquire the company for a cash consideration of approximately R40-million. The deal will see Midas become part of Barloworld’s South African coatings operations.
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/ 1 September 2005
Zimbabwe has paid back -million of its -million debt to the International Monetary Fund (IMF), which had threatened to expel Harare for arrears, state television said on Wednesday. ”Zimbabwe has managed to pay -million to the IMF out of its own resources,” said a statement read on state television.
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/ 1 September 2005
Industrial holding company and multifaceted global contractor Murray & Roberts announced on Wednesday a R494-million investment extending its current black economic empowerment (BEE) partnerships to a broad base of staff and community organisations.
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/ 1 September 2005
Cape High Court judges worked overtime on Wednesday to deal with a barrage of legal action ahead of the midnight opening of the political floor-crossing window. The United Democratic Movement on Wednesday expelled six MPs and MPLs from the party, and the Independent Democrats gave the boot to its deputy leader and Gauteng MPL Themba Sono.
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/ 1 September 2005
At least 965 Iraqis were crushed to death or drowned in Wednesday’s stampede on a Baghdad bridge as vast crowds of Shi’ite pilgrims were sent into panic by rumours of suicide bombers in their midst. The tragedy — described by Iraq authorities as a ”terrorist” act — provoked an international outcry.
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/ 1 September 2005
Typhoon Talim lashed Taiwan on Thursday, paralysing air and land traffic, shuttering offices and schools, and leaving at least two dead and 24 injured. By the time Talim made landfall at Ilan in north-eastern Taiwan, it had developed two centres and pounded the island with heavy rain and strong winds.
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/ 1 September 2005
The death toll from Hurricane Katrina could rise into the thousands in New Orleans alone, the city authorities believe, in what United States President George Bush described as ”one of the worst national disasters in our nation’s history”. New Orleans mayor Ray Nagin said there will be a ”total evacuation of the city”.
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/ 1 September 2005
Opel’s Tigra Twin Top is the latest convertible to reach South African shores. Where soft-top cars never really took off in this country due to the security problems they posed and the schlep that was involved in what amounted to pitching camp in your transport, the current offerings do all the work at the push of a button, and because the roofs are solid, security isn’t compromised.