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/ 3 March 2008

JSE softer, but weak rand lifts miners

A weaker rand and higher commodity prices boosted mining stocks on the JSE by midday on Monday, but negative global sentiment still weighed on the bourse. By midday, the JSE’s broader all-share index was off 0,76%, dragged lower by a 4,42% dip in the bank index. Financials gave up 2,63% while industrials pulled back 1,07%.

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/ 3 March 2008

More than 20 killed in Iraq violence

At least 23 people were killed in bomb attacks and shootings around Iraq on Monday as United States troops announced the discovery of a mass grave with the bodies of 14 men bound and shot in the head. The deadliest attacks were in Baghdad, where at least 19 people were killed in two car bombings.

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/ 3 March 2008

UN council set to approve new Iran sanctions

The United Nations Security Council is expected to adopt a third round of sanctions against Iran for its nuclear programme on Monday, but diplomats said this might be the first round that is not approved unanimously. Tehran denies Western charges it seeks nuclear weapons and has ignored three previous Security Council resolutions.

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/ 3 March 2008

No second chance in Olympic IT race

A marathon contest longer and more complex than any race at the Olympic Games is unfolding behind the windowless facade of Digital Beijing. This secretive, slate-black tower complex that looks like a row of computer chips stands close by the two most famous Olympic venues — the National Aquatics Centre, known as the Water Cube, and the National Stadium, or Bird’s Nest.

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/ 3 March 2008

Gadaffi says Cabinet fails to enrich Libya, must go

Libyan leader Moammar Gadaffi urged a sweeping reform of government on Sunday, saying most of the Cabinet system should be dismantled as it had failed to manage the North Africa’s country’s windfall oil earnings. Gadaffi said that big projects were behind schedule and so ordinary people should themselves devise a new way of sharing out oil revenues.

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/ 3 March 2008

SACP condemns mining job-cut threats

The South African Communist Party (SACP), a partner in the governing alliance, said on Sunday it would not tolerate threats by mining companies to cut jobs in the country’s politically-charged power crisis. ”If heads must roll we cannot allow it be the workers who take the knock,” it said in a statement after its central committee met over the weekend.