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/ 28 November 2005

Credit Bill ‘incomplete’, says Black Sash

The National Credit Bill is heading for approval missing the fine print necessary to ensure that its protection measures will be effective, says the Black Sash. The Bill, introduced in August by Minister for Trade and Industry Mandisi Mphahlwa to enforce fair practice across the lending industry, is scheduled for its second reading in the legislature early next year.

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/ 28 November 2005

JSE gives up early gains

After opening firmer on Monday morning, the JSE was in negative territory by midday in a quiet, order driven market. The JSE’s all share index was up over a hundred points at one stage, but had given up these gains and more by midday. By noon, the all share index was down 0,30% with the banks index off 0,81%, financials 0,42% softer and the industrial index 0,33% lower.

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/ 28 November 2005

New boundaries, new budgets

Faced with an instant population increase of up to 50%, the Northern Cape has set up a number of technical teams and a series of meetings to incorporate three cross-border councils from the North-West. The anticipated increase of between 220 000 and 450 000 residents could boost the provincial head count from 822 000 to an estimated 1,2-million.