New Delhi, Oct. 15 : Heads of Government of India, Brazil and South Africa (IBSA) today agreed to instruct their finance ministers and Governors of Central Banks to meet and establish a coordinating mechanism to deal with the existing global financial crisis.

New Delhi - Leaders from Brazil and South Africa Wednesday blamed rich countries for the financial crisis that was hurting the developing world and called for a new international initiative to bring about structural reforms in the global financial system.

Brazilian President Luiz Inacio Lula da Silva, Indian Prime Minister Manmohan Singh and South African President Kgalema Motlanthe led their respective delegations from their countries at the third IBSA (India, Brazil, South Africa) summit in New Delhi which focussed on the financial crisis as well as energy and food security.

Johannesburg  - The 2010 World Cup organization fell victim Monday to former South African president Thabo Mbeki's ouster by his party with the announcement that Mbeki-loyal members of the board of the World Cup local organizing committee (LOC) have been axed.

Former local government minister Sydney Mufamadi, former deputy finance minister Jabu Moleketi and former minister in the presidency, Essop Pahad, have been replaced as government's representatives on the board, the government of new President Kgalema Motlanthe announced in a statement.

Mahindra Renault Pvt. Ltd. (MRPL), a joint venture between Mahindra & Mahindra and Renault S.A. of France, has received an additional export order of 500 GLSx Petrol Logans for South Africa. 

This is the second order, which takes the total order size to 1000 nos. The latest order comes soon after the successful dispatch of 200 Logans to the country in September.

Johannesburg - Minutes after winning the 2008 Nobel Peace Prize, Finnish ex-president Martti Ahtisaari's thoughts were with the south-west African desert state of Namibia, where he cut his teeth as a peace-broker in the 1970s.

The veteran mediator was a United Nations envoy to the country between 1977 and 1990 - during the struggle in then South West Africa's for independence from apartheid-era South Africa.

Cape Town - Reacting to the announcement that France's Jean- Marie Gustave Le Clezio won the Nobel prize for literature, renowned South African author Andre Brink told Deutsche Presse-Agentur dpa Thursday he was glad, if unsurprised.