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  • Bond sales knocks rand to 2009 low

    December 5, 2013 1:34 PM 26

    December 5 2013 at 01:11pm Cape Town - The rand dropped to the lowest since March 2009, fuelled by the longest South African bond selloff in more than 15 years, as continued signs of growth in the US drove speculation the Federal Reserve will curb bond buying. US growth data today may help investors gauge the outlook for Fed stimulus before tomorrow’s

  • Tycoon appeals for tourism plan in Italy

    December 5, 2013 1:18 PM 63

    December 5 2013 at 12:28pm By SAPA Rome - Italian tycoon Diego Della Valle has called for a vast plan to restore monuments and support tourism to boost the economy, as he announced the long-delayed start of an overhaul of the Colosseum. The billionaire, who has built a luxury goods empire around his shoe company Tod's, is funding the repairs on the iconic

  • Zambian leader urges power utility to expand access with help of China

    December 5, 2013 10:51 AM 14

    SIAVONGA, Zambia, Dec. 4 (Xinhua) -- Zambian President Michael Sata on Wednesday challenged the country's power utility to ensure that access to electricity reaches all citizens and not only the educated. In remarks delivered when he commissioned a newly-constructed 180 megawatt generator at the Kariba North Bank Power Station, which is part of an extension

  • Fracking activities in coal bed methane operations in Botswana

    December 5, 2013 10:03 AM 28

    Madam Speaker, over the past week a number of publications appeared in the local and foreign media making allegations about ‘fracking’ activities being carried out in our country, including the Central Kalahari Game Reserve (CKGR). ‘Fracking’ is a slang term used to describe processes involving sub-surface fracturing of rocks, usually through the injection

  • Old Mutual in UK post-crisis ‘sweet spot’

    December 5, 2013 7:26 AM 19

    December 5 2013 at 08:00am By Londiwe Buthelezi Johannesburg - For the first time since the global financial crisis wrecked Old Mutual’s UK business, prompting analysts to label the insurer’s decision to list on the London Stock Exchange as its biggest mistake, the company is more upbeat about the UK. “I am positive about the business. Five years ago the financial

  • Nations Reach Illegal Ivory Trade Deal, Classify Wildlife Trafficking A 'Serious Crime'

    December 5, 2013 7:16 AM 18

    An injured wild elephant tries to stand after it was attacked by poachers a number of days ago at the foothills of Pancharatna hills in Goalpara district of lower Assam, India, Monday, Dec. 10, 2012. The poachers cut off two tusks and the tail of the elephant, who is now expected to survive, according to local animal officials. (AP Photo/Anupam Nath)

  • China Buys $73.6 Million Worth Of British Pig Semen

    December 5, 2013 7:01 AM 18

    Is he the top dog? Current Mustard Belt holder Joey Chestnut has won three consecutive Nathan's Famous Fourth of July International Hot Dog Eating Contests -- and he's considered the favorite this year. Chestnut, pictured here after downing a record-setting 68 dogs last summer, says he wants to break the record this year. The rivalry between Chestnut

  • Premium labels take beer in China beyond the working man

    December 5, 2013 6:18 AM 41

    Critics of beer might say the beverage lacks variety and leads to drunken, rowdy behaviour. But a causal stroll down supermarket isles in Wuhan or Guangzhou would show a growing selection of beers lining the shelves. Chinese lovers of this malt-based drink are starting to enjoy a higher quality of brews. This excites international brands. Many are busy expanding

  • Amazon’s drones concept gives us a fit of the vapours

    December 5, 2013 4:21 AM 20

    ‘Personal injury lawyers are going to have a field day if one of these drones so much as scratches a pet, never mind maims an adult’ It seems that, for most of us, the future can’t come fast enough. That’s the chief lesson to take from the astonishing reaction to Amazon founder Jeff Bezos’s announcement that Amazon is preparing an army of drones to deliver

  • 2 suspected Bitcoin counterfeiters are arrested in Germany

    December 5, 2013 4:15 AM 21

    German police have arrested two people suspected of illegally generating Bitcoins worth nearly $1 million. Bitcoins are an unregulated, virtual currency that is stored in password-protected electronic "wallets" and used to make purchases on the Internet and at some brick-and-mortar businesses. The currency also is traded in online exchanges, where its value