Staff Reporter
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/ 16 November 2007

World finance leaders gather in Kleinmond

Finance ministers and central bank governors from the world’s largest economies gather in Kleinmond in the southern Cape this weekend for a meeting of the Group of 20 countries. The event is described by Finance Minister Trevor Manuel as probably the most significant gathering of economic policymakers seen to date in South Africa.

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/ 16 November 2007

Five injured in Airbus test accident

Five people were injured when an Airbus A340-600 carrying out a ground engine test in France slammed into a wall, the company said on Friday in a press statement. Of those injured, three remained in hospital on Friday. Nine people were taken to hospital to be examined after the accident, which took place late on Thursday.

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/ 16 November 2007

Mbeki hits back on poverty claim

Writing in his weekly newsletter on the African National Congress website, President Thabo Mbeki on Friday railed against the South African Institute of Race Relations (SAIRR) for making ”the startling claim” that more South Africans are now poorer than they were in 1996. The SAIRR, in turn, defended itself in a statement released later in the day.

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/ 16 November 2007

‘Serious implications’ in banking report

A report on anti-competitive behaviour by South Africa’s four major banks will have ”serious implications” for the sector, says the Competition Commission. ”The sheer volume of information received has enabled us to analyse the anti-competitive outcomes we have noted,” said the head of the inquiry, Thabani Jali.

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/ 16 November 2007

E Cape govt ‘at war with the poor’

The increase in the number of cases where the Eastern Cape provincial government is contesting the right of poor citizens to access social grants suggests that the majority party is at war with the poor, Democratic Alliance leader Helen Zille said on Friday, writing in her weekly newsletter.

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/ 16 November 2007

Murder, rape force women out of homes

Murders and rapes are forcing women to abandon their homes in five villages outside Mthatha in the Eastern Cape, the South African Broadcasting Corporation reports. The residents of Skhobeni, Xhongora, Sigubudwini, Bozwana and Tabase villages claim that these acts of violence against women have been going on since 2003.

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/ 16 November 2007

It’s hard to visit Shaik, family complains

Schabir Shaik’s wife is allowed to visit her husband once a week in hospital, while other family members need to go through ”red tape” at the Department of Correctional Services to be allowed to visit Shaik, the family said on Friday. Yunus Shaik was speaking after his brother suffered a mild stroke and was admitted to hospital in Durban.

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/ 16 November 2007

Farmworkers to stage mass protest marches

Thousands of farmworkers will hold marches in various rural towns across the country on Saturday, the Food and Allied Workers’ Union said on Friday. The marches are in protest against poor working and living conditions, concerns for workers’ safety, and the negative effects of the huge hike in food prices, the union said.

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/ 16 November 2007

JSE weakened by commodities

The JSE was slightly firmer at midday on Friday than it was during the morning session but it remained negative, as commodity stocks continued to be paralysed on the local bourse. By noon, the JSE’s all-share index declined 0,72%, led by a 2,25% drop in the platinum mining index.