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/ 6 November 2003

Bring it home

Seven days is how much time South Africa has to impress the Fifa inspectors; seven years is how much time the country will have to prepare to host the World Cup soccer tournament if they can clinch the 24 Fifa member votes in six months time in Zurich.

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/ 6 November 2003

Bus of death had defective brakes

A report on the Saulspoort bus tragedy, released on Thursday, stated that brakes were defective on at least three of the disaster bus’s wheels. Free State MEC for public works, roads and transport Sekhopi Malebo released the report, compiled by a Pretoria company specialising in such investigations.

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/ 6 November 2003

Get your credit cards ready…

The larger-than-expected 150 basis points cut in the repo rate announced on October 16 is likely to spur South Africa’s consumer into buying more interest-rate sensitive durable goods. This is already reflected in the October new car sales, which rose by 20,2% y/y after a 0,5% y/y decline in the first half.