South Africa

Investec might be planning to sell Kensington

Investec, a leading lender and asset manager from South Africa, has said that it is planning to sell its UK-based mortgage business Kensington.

The company is aiming to sell its underperforming assets and boost share values.Investec had earlier said that it is planning to sell some of its operations in Australia. The company said that it has already received expression of interest for the UK unit but did not announce the name of the company.

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Experts say web domain expansion plan may cause widespread disruption to Internet operations

With Internet Corporation for Assigned Names and Numbers (ICANN)'s plans for dramatically expanding the numbers of possible Web addresses set to take effect by the end of this summer, some security experts have expressed apprehensions about the move which will add over 1,000 domains such as ".buy," ".casino" and ".gay," among hordes of others.

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Fake Cancer Treatment Leads to Rhino Slaughter

The study, which that claimed the rhino’s body parts offered some major cancer cures, were found to be bogus because the investigation found the body parts were smuggled as result of which 265 endangered animals were put to death.

Meanwhile, giving his views about these bogus claims, John Hume, owner of the Mauricedale game reserve in north-east South Africa said that the rhino death graph claimed that after these fake claims the Chinese smuggling market was prosperously expanding, as a result of which the demand for horn was growing terribly.

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Kinsella Receives €10Million from a Sympathetic Jury

In a shocking decision, members of the Jury regarding a case involving Donal Kinsella have announced a compensation amount of _10million for libel. It was three-years ago, when Mr. Kinsella had walked naked into the room of a Company secretary, while on an official trip in South Africa.

The incident had occurred late at night and the secretary, Deirdre Corcoran had filed for inappropriate sexual advances against him. The compensation awarded to Mr. Kinsella is through compensatory damages worth _9million and aggravated damages amounting to _1million.

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A Review of South Africa’s Fight Against AIDS

A recent report on the AIDS situation in South Africa indicates that the country still sees 500,000 new HIV infections every year. The country has almost 5.7 million people living with HIV. The report concluded that reversing the epidemic would be "extremely difficult-if not impossible-in the coming years".

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