"I was in South Africa on business and took the opportunity to visit CAMFED in Zimbabwe as it's an EMEA Charity of the Year," said Chivers.

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Wall Street banking giant Merrill Lynch has reported a net loss for 2007 after getting caught up in problems stemming from a slump in the US housing market.

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Merrill Lynch & Co. Inc. said Monday it will buy First Republic Bank, which specializes in luxury home lending, for $1.8 billion. First Republic (down $0.22 to $38.30, Charts) shares soared more than 40 percent in pre-market trade.

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According to a Merill Lynch analyst, a Microsoft/Yahoo merger would give the new company a 41% market share of internet searches, compared to Google's 44%.

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