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/ 8 November 2004

Tehran agrees to nuclear freeze

The European powers secured a pledge from Iran at the weekend that Tehran would halt its uranium enrichment programme within weeks, an agreement that may avert a showdown later this month between Iran and the West. But the agreement, reached after a marathon round of negotiations in Paris between Iran and the European Union troika of Britain, France, and Germany, looks unlikely to satisfy Washington and may yet fall apart.

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/ 8 November 2004

Troops storm Fallujah

Backed by a barrage from warplanes and artillery, American troops fought their way into the western outskirts of Fallujah on Monday, seizing a hospital and two bridges over the Euphrates River in the first stage of a major assault on the insurgent stronghold. "We are determined to clean Fallujah of terrorists," Iraqi Prime Minister Ayad Allawi said.

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/ 8 November 2004

Ngcuka in a new saddle

Former Scorpions head Bulelani Ngcuka, who has been appointed executive chairperson of black economic empowerment company Amabubesi Investments, is to become actively involved in the private security industry. Ngcuka will play an active role in the investigations arm of Stallion Security.

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/ 8 November 2004

Gibson Kente dead at 72

Famous South African playwright Gibson Kente, who told the world he had HIV/Aids in early 2003, died at his Soweto home on Sunday, a close relative confirmed. Kente’s cousin, Nomathemba Kela, said that the playwright, called a ”living treasure” by the National Arts Council, died in his sleep at about 2.30am.

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/ 8 November 2004

Palazzolo: Stressed police officer unfit to testify

Stressed former police officer Abraham Smith is unfit to give evidence at the Palazzolo inquiry, a clinical psychologist said on Monday. Psychologist Petrus Roux was called to testify at the hearing in the Cape Town Magistrate’s Court after Smith broke down in the stand last week and was admitted to a clinic.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=125069">Italian judge criticises SA magistrate</a>

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/ 8 November 2004

Sappi declares higher earnings

South African global pulp and paper producer Sappi on Monday reported headline earnings per share of 26 United States cents for the quarter ended September 30, from 18 cents in the June quarter. This brought headline earnings per share for the year ended September 30 to 45 US cents.

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/ 8 November 2004

JSE off early highs despite rand

After starting higher, the JSE Securities Exchange was lower on Monday morning as investors took profits from the exchange’s strong recent run. However, with the rand weaker, the JSE is likely to move higher later in the morning. At 9.19am, the all share index was down 0,07% and the industrial index lost 0,19%. Resources gained 0,14%, while the gold mining index was up 2,41%.