Old Mutual’s range of smoothed funds has delivered record-breaking returns of between 23,8% and 26,2% in 2006, says Steven Levin, general manager: products at Old Mutual. With year-on-year inflation at 5,8%, these funds have provided above-inflation returns of 18% and more in 2006.
Although South African investors displayed resilience to global market jitters sparked by China when the Shanghai 180 index fell more than 9,25% last Tuesday, the local stock market did not escape the sudden volatility. While the JSE all-share index got off reasonably light, the trouble in China resulted in a double whammy for South Africa.
The Chinese Prime Minister, Wen Jiabao, issued an environmental wake-up call to China on Monday, saying the world’s fastest-expanding economy had to move away from red-hot growth towards a greener, leaner, slower model of development.
Motor-vehicle accidents and incidents of violent crime in South Africa are leaving their mark on people’s lives in many different ways. Apart from the emotional trauma suffered, the long-term effects of physical injuries can also cause major disruptions. Severe injuries or illness could force one to make adjustments or stop work altogether.
They should have got Gauteng Premier Mbhazima Shilowa to play Idi Amin in <i>The Last King of Scotland</i>. Shilowa at least has the seductive/menacing looks of the fleshy African power-man that Amin became. Forest Whitaker, looking slightly slimmer than he was when I last saw him on screen, unfortunately still just looks like a fat black man from the Louisiana plantations.
YouTube, the video social-networking website owned by Google, is building a vast network of content providers, a company spokesperson said. YouTube has concluded "more than 1 000 partnerships" with content providers both big and small, YouTube spokesperson David Song said late on Friday.
Tired of trying to get a bit of peace and quiet in one of the world’s most densely populated countries, a Bangladeshi man with a head for heights has hit on the perfect solution. Each day carpenter and aspiring writer Salim Hossen Gaus, aged 25, winches himself 30m in a precarious home-made pulley to a small wooden platform he has built at the top of a palm tree.
British special forces have flown to the remote area of Ethiopia where five Britons were kidnapped, defence sources said on Sunday. An SAS troop trained in hostage rescue is on standby in Britain and two soldiers from the elite unit, described as being in a "liaison" role, are already on the ground.
"It is increasingly apparent that the current SABC board is not fit to run the public broadcaster. In the wake of the SABC’s commission of inquiry into allegations of blacklisting, public attention has focused mainly on the conduct of the managing director of news, Snuki Zikalala," writes Jane Duncan, the executive director of the Freedom of Expression Institute.
The five tourists kidnapped in Ethiopia were sighted on Saturday in an Eritrean army camp, 20km from the border between the countries. The sighting, in a camp near the village of Ara-Ta, confirms that the Britons are being held by Eritrean soldiers and not local people and suggests there has been a dramatic escalation in tensions between Eritrea and Ethiopia.
In a small Berlin laboratory, Robert Hermes is testing instruments that would do credit to a James Bond villain. He has metal probes, giant syringes and a set of electrodes that would embarrass an Abu Ghraib jailer. This fearsome collection has a benign purpose, however, for Hermes intends to use it to save the world’s most endangered large mammal:
The woman known as the Oprah Winfrey of the Middle East has fled to London in fear for her safety amid a row over allegations that actresses were paid to pretend they were prostitutes on her television show. Dr Hala Sarhan is believed to have left Egypt aboard the private jet of Saudi billionaire Al-Waleed bin Talal when it became clear that the government wanted her arrested.
Carbon dioxide emissions from shipping are double those of aviation and increasing at an alarming rate which will have a serious impact on global warming. Studies suggest that maritime carbon dioxide emissions are not only higher than previously thought, but could rise by as much as 75% in the next 15 to 20 years.
When Ahmad Khidr’s wife, Nadia, was close to her pregnancy’s full term, the Shia grocer drove her to a friend’s house each evening before the curfew began. "We were terrified she would go into labour during the night," said Ahmad (23). "I did not want to risk taking her to a hospital at night."
We <b>review</b> some the latest DVDs on the shelves.
A Florida teenager finally took a long breath, uninterrupted by the hiccups that had plagued her for five weeks. The hiccups stopped at about 5pm local time on Wednesday, the <i>St Petersburg Times</i> daily reported Thursday. "Jennifer Mee had a few more spasms, but then she stopped and took her first uninterrupted breaths since … January 23," the paper said.
Tumi is now 35 years old, with only four years of retirement savings in her kitty as she cashed in her retirement fund when changing jobs at the age of 31 to buy a car. Her pension fund is only valued at R67 000. She has recently received a 9% increase in salary as a reward for her hard work. Sophia Swartz, a business development manager from Sanlam Financial Advisors, discusses Tumi’s options
An international panel of scientists has proposed that all countries cease building on coastal land that is less than a metre above high tide so as to avoid some of the worst impacts of climate change. The recommendation was one of many from experts from 11 countries.
The sudden upsurge in right-wing Afrikaner mobilisation and the purge of Somali traders from Port Elizabeth’s Motherwell township both underscore how far South Africa still has to travel in dealing with diversity and xenophobia to stem inter-group hatred and find the holy grail of non-racialism.
The country’s biggest newspaper, the <i>Sunday Times</i>, is rumoured to be planning a new daily title, but is keeping tight-lipped. But media insiders say the project is well under way, with a launch possible as early as Easter. Sources say the new paper, to be titled the <i>Daily Times</i>, will be distributed free of charge to <i>Sunday Times</i> subscribers.
South Africa’s assumption of the United Nations Security Council’s rotating presidency this week could hardly have come at a more contentious time.
The Zimbabwean government has admitted that state agents are jamming radio broadcasts by foreign stations deemed hostile to President Robert Mugabe’s government, state media reported on Thursday. "We cannot allow foreigners to invade our airwaves without our authority," Bright Matonga, the Deputy Minister of Information and Publicity, was quoted as saying.
South African wine distribution company Distell has entered into a deal with Baarsma Wine Group Holding to carry some of its leading brands in Holland, it said on Thursday. The Netherlands is South Africa’s largest wine export market after the United Kingdom.
British investors presented plans this week for a vast, all-season resort on the Greek island of Crete, describing it as a model of environment-friendly development and among the biggest investments ever on Greek soil. The project, which includes golf courses, is to be built on land leased from a monastery.
In a belated response to the success of online booksellers in enticing customers to websites such as Amazon, two publishers have launched features that allow customers to browse through books online. The facility "is today’s equivalent of picking up a book off a friend’s coffee table and glancing through it", said Josh Kilmer-Purcell, author of <i>I Am Not Myself These Days</i>.
First National Bank (FNB) has scrapped its annual credit-card eBucks linkage fee and has simplified the way in which customers earn eBucks. eBucks retains its key benefits enabling a member to spend well-earned eBucks at a wide range of partners, whether it is a flight anywhere in South Africa or shopping at retail partners
A "feel-good factor" is creating a comfort zone for thousands of upwardly mobile families as they add to their personal possessions — but without proper insurance safeguards, these householders could find the good times turning bad. This consumer alert comes from short-term insurer Mutual & Federal.
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/ 28 February 2007
An alternative beauty pageant to be held in a remote Icelandic town will reward contestants’ wrinkles, saggy breasts and other bodily imperfections and hopes to challenge Western ideas of beauty, organisers said on Wednesday. "Anyone can make the rules about what beauty is; we want to change the rules," one of the contest’s organisers, Matthhildur Helgadottir, said.
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/ 28 February 2007
European jet maker Airbus is set to axe 10Â 000 of its 56Â 000 workforce as part of a cost-cutting operation to lift it out of a financial crisis. The company said on Wednesday it will cut the jobs over four years: 4Â 300 in France, 3Â 700 in Germany, 1Â 600 in Britain and 400 in Spain.
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/ 28 February 2007
Standard Chartered Bank, the world’s biggest emerging-market bank with more than 60 000 employees in 56 countries, including South Africa, says gold’s recent rally is set to continue. Framed in the context of current dollar weakness, the gold rally looks set to continue heading higher.
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/ 28 February 2007
The South African Revenue Service (Sars) has advised taxpayers who earn a motor-vehicle allowance to record their odometer reading (mileage) on February 28, the end of the tax year for individual taxpayers. The reading will help individual taxpayers to fill in their logbooks accurately.
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/ 28 February 2007
Finance Minister Trevor Manuel has swelled taxpayers’ wallets and purses by R8,4-billion, but in reality most mid- and upper-income earners won’t really notice unless they proactively take advantage of the tax breaks. Paying off or reducing debt is a good way to invest the tax saving.