While stock markets are still reeling from the bad news surrounding subprime lending in the United States, a similar meltdown is unlikely in South Africa, according to Jack Trevena, MD of bond originator BondExcel and ex-CEO of Nedbank home loans. He explains that the US home-loan market is completely different to the South African home-loan market.
Sebastien Chabal scored a 70th-minute try as France beat England 21-15 in a World Cup warm-up match at Twickenham on Saturday. Number eight Chabal, who had come on as a replacement, piled through three England defenders to clinch the match, leaving Josh Lewsey, Nick Abendanon and Olly Barkley in his wake.
Failure to elect an African National Congress (ANC) leadership that respects the party’s branches and the tripartite alliance would lead to a right-wing victory within the ruling party, Congress of South African Trade Unions secretary general Zwelinzima Vavi said on Saturday.
Argentine striker Carlos Tevez completed his move to Manchester United on Friday, the Premier League champions said. ”Manchester United is delighted to announce that Carlos Tevez has been registered as a member of its first-team squad by the Premier League,” United said in a statement.
President Thabo Mbeki must convince his counterparts in the Southern African Development Community (SADC) that the time has arrived to impose limited sanctions against Zimbabwe, says acting Democratic Alliance leader Joe Seremane. In his party’s weekly online newsletter, he said Mbeki had to admit the talks he brokered had ”gone nowhere”.
The African National Congress (ANC) on Wednesday acknowledged the government for its efforts to emancipate women. The party would continue to advocate for the empowerment of women, particularly those who remained vulnerable to poverty, disease and violence, it said in a statement ahead of Thursday’s 51st anniversary of the 1956 Women’s March.
South African musician Hugh Masekela believes he is no longer welcome as a performer in South Africa, the Times Online reported on Wednesday. The trumpeter said that many talented musicians whose voices became symbols of protest against white domination found it hard to get bookings in South Africa.
The Tshwane/Pretoria name change ”is neither here nor there”, said the Gauteng African National Congress (ANC) on Tuesday. ANC Gauteng secretary David Makhura told a press conference the party believed Tshwane was the capital. But it was still a ”matter of process” to make this ”attitude” a reality.
It is only logical that when a ruling party elects its own leadership it prefers also to be electing the leadership of the country, the Gauteng African National Congress (ANC) said on Tuesday. ANC provincial secretary David Makhura was speaking at a press conference after the provincial executive committee’s meeting earlier this month.
David Beckham’s chances of making his much-anticipated Major League Soccer debut for Los Angeles at Toronto on Sunday are ”slim”, Galaxy coach Frank Yallop said. The 32-year-old former Real Madrid and Manchester United star lacks training time with his new teammates because of a left ankle injury