Staff Reporter
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/ 13 March 2008

DG of World Cup government unit steps down

Joe Phaahla, the director general of the 2010 Fifa World Cup government unit, is stepping down. He has asked to be relieved of his three-year contract, which expires in August. In a statement on Thursday, the unit said Sport and Recreation Minister Makhenkesi Stofile has agreed to this, and Phaahla will leave the unit this month.

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/ 13 March 2008

Trade conditions out of negative territory

Trade conditions appear to be out of negative territory after the Trade Activity Index (TAI) increased for the third month in a row, the South African Chamber of Commerce and Industry said on Thursday. The TAI, which measures the view of business on current trade activity, increased from 44 in December last year to 48 in January and 50 in February

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/ 13 March 2008

Durban counts cost of devastating floods

Durban’s disaster-management team and city officials are busy calculating the cost of damage caused during a heavy downpour on Tuesday night that continued into the early hours of Wednesday. Two oil refineries, hospitals, courts, homes, shacks, railway lines, buildings and roads were affected by the overnight storm.