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/ 19 February 2007

What to look out for in the 2007 budget

A weighty call for a relaxation in corporate tax rates has been made by a number of experts around the country ahead of the upcoming budget on Wednesday. This, together with potential strategies to enhance savings and improve retirement planning, is expected to be a major theme of the 2007 budget.

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/ 19 February 2007

DA calls for cuts in corporate tax

Bold corporate-tax cuts and a job-creation programme are among the main features of the Democratic Alliance’s (DA) alternative budget 2007/8, which was unveiled on Monday. Released each year ahead of the actual budget, the DA says its version is ”geared towards boosting economic growth, creating jobs and turning South Africa into a true, open society”.

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/ 19 February 2007

Growth of malls could hurt township retailers

The growth of shopping malls in townships will offer residents lower prices but could hurt small retailers, according to a University of South Africa study released on Monday. The recent opening of a shopping mall in Soshanguve, north of Pretoria, resulted in 75% of businesses less than 1km, or 15 minutes walking time away, reporting a decline in profits.

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/ 19 February 2007

Opposition slams crime after high-profile burglary

The burglary of the Durban home of KwaZulu-Natal provincial minister of safety and security Bheki Cele is ”proof that crime is out of control”, the Inkatha Freedom Party (IFP) said on Monday. Reacting to the news of the burglary, KwaZulu-Natal IFP leader Lionel Mtshali said: ”If the African National Congress’s [ANC] government needed proof that crime is out of control in South Africa, they got it.”

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/ 19 February 2007

Fleming says World Cup wide open

New Zealand’s stunning back-to-back victories over Australia have upset the cricket world’s rankings and captain Stephen Fleming believes it has thrown open next month’s World Cup in the Caribbean. Australia have been toppled from the world top spot for the first time since global rankings began in 2002 after losing by five wickets in a record chase by New Zealand on Sunday.

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/ 19 February 2007

Spurs, Man City progress in FA Cup

Robbie Keane and Dimitar Berbatov scored two goals each on Sunday to help Tottenham advance to the FA Cup quarterfinal with a 4-0 win over Fulham. Keane scored in the seventh and 68th minutes and Berbatov added goals in the 77th and 90th. Manchester City also advanced, beating League Championship team Preston 3-1.

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/ 19 February 2007

Budget 2007: Save, don’t spend?

This year’s national budget is expected to introduce further initiatives that promote personal savings and discourage overspending after several years of conspicuous consumption by South African consumers. The national manager of financial planning at MortgageSA says the Treasury will almost certainly focus on putting brakes on consumer spending.