Staff Reporter
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/ 31 May 2006

Inflation-hit Zimbabwe unveils Z$100 000 banknote

Zimbabwe’s central bank will issue a new Z$100 000 banknote after inflation topped 1 000% last month, one of the world’s highest rates, a state daily reported on Wednesday. The new banknote, worth US98c, will go into circulation on Thursday and will hold tender until December, the <i>Herald</i> newspaper said. Zimbabwe started introducing bearer cheques with a temporary validity three years ago.

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/ 31 May 2006

SA athletes shine in 400m hurdles

The strength of South Africa’s athletes in the 400m hurdles was clearly demonstrated at the Golden Spike IAAF World Tour meeting in Ostrava, Slovakia, on Tuesday night when LJ van Zyl and Ockert Cilliers finished second and third respectively. The race was won by world champion Bershawn Jackson of the United States.

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/ 31 May 2006

Woods ends speculation about US Open

Tiger Woods ended speculation that he might skip the United States Open while grieving over the death of his father, Earl, by announcing on Tuesday that he plans to tee it up at the second major of the season. Woods’s participation in the 106th US Open would end the longest layoff of his pro career.

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/ 31 May 2006

Stars’ names used in $3,9m scam

On the surface, it seemed as if Alexis Quinlin’s biggest fault was name dropping. The New York-based entrepreneur could not resist telling potential investors in his firm how he had partied with Madonna and done deals with Mick Jagger, Richard Branson and Eric Clapton, or how he would collaborate with Quentin Tarantino on the next James Bond film.