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/ 6 February 2007

Resources, world markets buoy JSE

After losing ground over the prior two trading days, the JSE was in positive territory in noon trade on Tuesday as higher commodity prices boosted resources stocks. However, gains were widespread, underpinned by firmer world markets. By 11.58am, the all-share index added 0,59%.

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/ 6 February 2007

Hu to cement ties with South Africa

Chinese President Hu Jintao was due in South Africa on Tuesday to cement ties with Beijing’s key trading partner on the continent and a crucial ally in pushing the interests of the world’s have-nots. He is scheduled to hold talks with counterpart Thabo Mbeki during his two-day visit, sign trade agreements and discuss a raft of bilateral issues.

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/ 6 February 2007

British paper reveals video of US ‘friendly fire’

A British newspaper published transcripts on Tuesday of what it said was a cockpit video recording from a United States warplane at the centre of an inquest into ”friendly fire” in Iraq in which a British soldier was killed. The Sun said the tape revealed the pilots, realising they had hit a British convoy, said ”God dammit” and ”We’re in jail, dude”.

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/ 6 February 2007

Oil workers targeted as Nigeria violence grows

Lolo Oluchi has painted over the bullet holes in the ceiling of her karaoke bar in Port Harcourt, where gunmen seized seven foreign oil workers last August, but the regulars haven’t come back. Thousands of foreign workers and their families have left Africa’s top oil producer since a faceless new militant group launched unprecedented attacks about a year ago.

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/ 6 February 2007

Prices in Zimbabwe quadruple in one week

Zimbabwe has witnessed a spate of unprecedented price increases for most goods and services in the past week, many of which had been raised in anticipation of a devaluation that did not materialise, the media reported on Tuesday. A price survey showed the cost of foodstuffs, alcohol, clothes, rent and furniture, among others, had risen by up to 400% in less than one week.

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/ 6 February 2007

Australia seek ruling on injured Symonds

Australia are seeking clarification from the International Cricket Council over the eligibility of injured players for the World Cup after all-rounder Andrew Symonds tore a bicep tendon in his right shoulder on Friday. Symonds underwent surgery on Sunday and is likely to be out of action for at least six weeks, jeopardising his place in the World Cup.