Staff Reporter
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/ 7 May 2008

Drivers fined for slow-drive on scenic bridge

China opened the world’s longest cross-sea bridge last week aiming to cut travel time between two major ports, but hundreds of drivers have been fined already for, unexpectedly, driving too slow to enjoy the view. The 36km structure spans Hangzhou Bay in Zhejiang and is designed to slash travel time between its port city of Ningbo and the financial hub Shanghai.

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/ 7 May 2008

When diamonds become girls’ worst friends

Diamonds may be forever. But what’s a girl to do when she gets dumped or divorced and those rings, necklaces and love gifts lose their emotional sparkle? Help is just a click away on new websites that provide an outlet for selling jewellery from past relationships, sharing break-up stories and helping broken hearts heal.

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/ 7 May 2008

US lawmakers debate Bill to remove stigma of ANC

Lawmakers on Tuesday debated legislation to remove former South African president Nelson Mandela and the African National Congress (ANC) from an apartheid-era United States terrorist blacklist. Barbara Lee, a California Democrat, recalled that ANC members could travel to United Nations headquarters in New York but not to Washington DC or other parts of the United States.

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/ 7 May 2008

PPC earnings up 16%

Cement maker PPC increased first-half headline earnings per share by 16% as infrastructure and affordable housing projects drove cement demand, the company said on Wednesday. PPC reported headline EPS of 126 cents and a 9% increase in operating profit to R1,077-billion.

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/ 7 May 2008

Obama wins North Carolina

Hillary Clinton’s hopes of winning the race for the Democratic nomination for president are dwindling after she failed on Wednesday to close the gap on Barack Obama in two key primaries. She won the Indiana primary but saw that outweighed by his win in North Carolina.

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/ 7 May 2008

Shake-up at the SABC as CEO suspended

The South African Broadcasting Corporation (SABC) Group CEO Dali Mpofu has been suspended, the public broadcaster’s board announced on Wednesday. The board said the allegations levelled against Mpofu ”include an alleged refusal and/or failure to abide and implement decisions of the board”. This follows the suspension of group executive of news and current affairs, Snuki Zikalala.

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/ 7 May 2008

Nedbank income up, sees slow earnings

Nedbank increased first-quarter net interest income by 21,9% to R3,87-billion but said it expected slower first-half earnings growth. Shares in Nedbank stood 1,59% down at R111,50 by 7.18am GMT on Wednesday, underperforming the JSE Securities Exchange’s Top-40 index which was 0,27% weaker.