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/ 14 October 2004
A record R15-billion from institutional and retail investors was channelled into unit trusts in the September quarter, South Africa’s Association of Collective Investments said on Thursday. In several cases, industry fund averages were ahead of stock-market indices with funds showing returns of more than 40% in many sectors.
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/ 14 October 2004
The JSE Securities Exchange, which weakened sharply in early trade, was off its worst levels in noon trade on Thursday in a market that was very quiet ahead of the South African Reserve Bank Monetary Policy Committee (MPC) decision on interest rates due just after 3pm. Dealers expected the JSE to tread water until then.
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/ 14 October 2004
An Islamic court in northern Nigeria has sentenced a 29-year-old divorcee to be stoned to death for falling pregnant outside wedlock, a state government spokesperson said on Wednesday.
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/ 14 October 2004
The trial of 19 of people accused of plotting a coup in Equatorial Guinea, due to resume next week, will be postponed following the death of a defence lawyer, the president of the court said on Wednesday. Fernando Mico Nsue, the lawyer for eight South Africans said to be implicated in the coup plot in the oil-rich West African state, died on Tuesday of malaria at the age of 62.
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/ 14 October 2004
The JSE Securities Exchange headed south at the opening on Thursday, led by heavyweight dual-listed stocks. However gold stocks bounced after being sold down sharply on Wednesday. By 9,15am, the all share index was off 0,36%. Industrials eased 0,22%.
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/ 14 October 2004
The first witness in the Schabir Shaik fraud and corruption trial, Independent Democrats deputy leader Themba Sono, was in the witness box in the Durban High Court on Thursday. Sono said he met Shaik in 1996 through a colleague.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123695">Tangled web of intrigue at Shaik trial</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-National&ao=123679">Zuma debt aired in Shaik trial</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-National&ao=123667">State shows link between Shaik, Zuma</a>
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/ 14 October 2004
On a trip to South Africa last week, British environmentalist George Monbiot spoke to the <i>Mail & Guardian</i> about his ideas for a just and democratic world regime. Aimed at breaking the economic and political hegemony of the great powers — principally the United States — Monbiot’s proposed dispensation would rest on the four pillars of a directly elected world parliament, a democratised United Nations, a fair trade organisation and an international clearing union.
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/ 14 October 2004
More than R16-million has been paid out to claimants who suffer from asbestos poisoning, the Asbestos Relief Trust said on Wednesday. More than 100 claims had been paid out, while 150 more were ready to be finalised, chairperson of the trust, John Doidge, said in a statement.
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/ 14 October 2004
Deputy President Jacob Zuma’s name came up repeatedly as the corruption and fraud trial of his financial adviser Schabir Shaik got under way in earnest in the Durban High Court on Wednesday. Prosecutor Billy Downer explained in how the state planned to explore the complex web of financial relationships between Zuma and Shaik.