No image available
/ 27 February 2008

Court rejects Najwa Petersen’s second bail bid

The Cape High Court on Wednesday rejected a second bail bid by murder accused Najwa Petersen, expressing scepticism over her ”almost miraculous recovery” from mental illness. ”The appellant’s case relating to her precarious state of health, as presented in the first bail application, appears to have undergone a complete volte-face in the second,” the judges said.

No image available
/ 27 February 2008

Bakkies, Ndungane back for the Bulls

The Bulls have included their fit-again World Cup Springboks Bakkies Botha and Akona Ndungane in the team to play the Sharks at Loftus Versfeld on Saturday in a repeat of last year’s Super 14 final. Their inclusion was expected, pending their fitness, but coach Frans Ludeke made a surprise selection of Morne Steyn at flyhalf, while giving Springbok Derick Hougaard a rest.

No image available
/ 27 February 2008

JSE dips on consumer-inflation data, profit-taking

The JSE moved southwards by midday on Wednesday due to profit-taking among financials as well as worse-than-expected consumer-inflation data. It was announced that the local consumer price index excluding mortgage rate changes (CPIX) for metro and other areas was up 8,8% year-on-year (y/y) in January, from 8,6% y/y in December.

No image available
/ 27 February 2008

Govt throws weight behind Arendse

South Africa’s government threw its weight behind embattled Cricket South Africa (CSA) president Norman Arendse on Tuesday by calling for an increase in the number of black players in national teams. Arendse angered selectors and CSA chief executive Gerald Majola by vetoing the squad chosen by national selectors to tour Bangladesh.

No image available
/ 27 February 2008

‘Shocker’ CPIX quickens to 8,8%

South Africa’s targeted CPIX inflation rate quickened to 8,8% year-on-year in January from 8,6% in December, above forecasts, data showed on Wednesday. The all-items consumer price index (CPI) increased by an annual rate of 9,3%, compared to 9% in December, Statistics South Africa said.

No image available
/ 27 February 2008

Nedbank lifts headline earnings 33,8%

Nedbank Group, South Africa’s fourth-largest bank, said on Wednesday 2007 headline earnings per share rose 33,8% despite rising household debt, but it warned of increasing default rates. Nedbank, majority-owned by insurer Old Mutual, said 2007 headline earnings rose 33,5% to R5,921-billion as its retail and corporate units grew on higher investment in infrastructure.

No image available
/ 27 February 2008

Cosatu’s Madisha given marching orders

The Congress of South African Trade Unions (Cosatu) axed Willie Madisha as its president on Wednesday over his involvement in a missing donation scandal. This comes after a commission probing the matter presented its findings and recommendations to Cosatu’s central executive committee at its meeting this week.

No image available
/ 26 February 2008

‘In the end, Mr Shaik bribed Mr Zuma’

It was not cruel to make Schabir Shaik forfeit more than R30-million in shares after ”brashly using the prize” of Jacob Zuma to secure a business deal with an arms company, the Constitutional Court heard on Tuesday. Advocate Wim Trengove argued this during Shaik’s court application to have his assets returned.

No image available
/ 26 February 2008

‘Secret boyfriend’ rapist jailed for 20 years

A 47-year-old man was given an effective 20 years in prison by the Grahamstown High Court on Tuesday after he was found guilty of rape and housebreaking. When he convicted Mthethunzima Ndzila Vangeli, of Elliot, of housebreaking with intent to rape, rape and theft, Judge Pieter van der Byl described him as a ”lying and pathetic witness”.

No image available
/ 26 February 2008

Assmang accused of delaying inquiry

An application to have a Labour Department inquiry into workers’ exposure to poisonous fumes at a Cato Ridge ferromanganese smelter dismissed because of alleged bias was itself dismissed to loud cheers on Tuesday afternoon by the inquiry’s presiding officer, departmental inspector Vuli Sibisi.

No image available
/ 26 February 2008

All work and some play for Sarkozy in SA

French President Nicholas Sarkozy will be accompanied by 40 key French business chief executives during his visit to South Africa, director general in the Department of Foreign Affairs, Gert Grobler, said on Tuesday. Sarkozy will arrive in Cape Town on Thursday where he will meet President Thabo Mbeki to discuss political, economic and business ties.

No image available
/ 26 February 2008

‘If Zim catches fire, everyone will burn’

There was no dictator in Zimbabwe, just unwelcome outside interference, its ambassador to South Africa Simon Khaya Moyo said in Pretoria on Tuesday. Britain and the United States were financially backing the opposition because they wanted President Robert Mugabe out of power over his land reforms, Moyo said.

No image available
/ 26 February 2008

South Africa records strong growth for 2007

South Africa’s economic growth jumped unexpectedly in the fourth quarter of 2007, keeping expansion for the year near a two-decade record at 5,1% as buoyant corporates outweighed slower consumer spending. Africa’s biggest economy has remained resilient despite higher interest rates, although growth is likely to slow in 2008.

No image available
/ 26 February 2008

Govt to curb private healthcare costs

The government is to intervene to curb rocketing private healthcare costs and prevent the sector’s ”demise”, Health Minister Manto Tshabalala-Msimang said on Tuesday. The health charter task team, among others, has been discussing the challenge of making healthcare more affordable, she told the National Assembly’s health committee.

No image available
/ 26 February 2008

Schalk Burger suspended for two weeks

Stormers flank Schalk Burger has received a two-week suspension after being found guilty of ”unsportsmanlike behaviour”. Burger’s suspension runs from February 23 to March 8, inclusive. He has a right to appeal the sentence. His suspension is a big setback for the Stormers, who are yet to win a match in this year’s Super 14 competition.

No image available
/ 26 February 2008

KZN lauded for political tolerance

KwaZulu-Natal has been able to show the world that when power is contested, people do not have to die, Dr Brigalia Bam, chairperson of the Independent Electoral Commission, said on Tuesday. She was speaking at the KwaZulu-Natal legislature in Pietermaritzburg on preparations for the 2009 election.

No image available
/ 26 February 2008

Tourism figures growing, says Van Schalkwyk

The number of foreign visitors to South Africa grew by just under 9% last year, Minister of Environmental Affairs and Tourism Marthinus van Schalkwyk said on Tuesday. ”I am pleased to announce that the overall foreign arrivals increased by 8,6% from January to November 2007,” he told a business tourism conference in Sandton.

No image available
/ 26 February 2008

JSE sharply higher on world markets

South African stocks were sharply higher at midday on Tuesday following in the footsteps of European markets, but a stronger rand restricted gains. Above-forecast economic growth data added to the positive sentiment. At 11.59am, the all-share index was up 1,22% at 30 176,680, thanks to a 3,08% gain in banks.

No image available
/ 26 February 2008

Discovery says unit to quit US retail insurance

South African health insurance firm Discovery said on Tuesday its loss-making United States unit Destiny Health would quit the US retail insurance market. Discovery said Destiny would continue to market its Vitality product to employer groups and health plans, but would transfer its insured block of business to a health insurance carrier.