Staff Reporter
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/ 9 July 2004

Telkom claims victory over Transtel

Telkom claimed victory on Friday in its dispute with Transtel regarding the provision of international landline telephone links and threatened to sue the Transnet division for damages. The dispute arose after Transtel filed a complaint against the former state utility at the Independent Communications Authority of South Africa.

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/ 9 July 2004

DA renews call to privatise SAA

The Democratic Alliance on Friday renewed its call for South African Airways (SAA) to be privatised. ”Transnet has provided the Public Investment Corporation with a very sweet deal by issuing a secret corporate bond this week,” DA public enterprises spokesperson Ian Davidson said in a statement.

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/ 9 July 2004

New project tackles African marine pollution

A multimillion-dollar project aimed at cutting pollution in the western Indian Ocean was launched in Madagascar this week, South Africa’s deputy minister of environment said on Friday. The three-year project is expected to help eight countries devise plans to curb pollutants entering the region’s rivers and coastal waters.

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/ 9 July 2004

Unions reject Iscor wage offer

Two trade unions have rejected a guaranteed 5% pay hike offer by steel manufacturer Iscor, setting the stage for a strike. Solidarity and the United Association of South Africa said on Friday they have declared a dispute with Iscor. ”Any talk of industrial action is premature,” Iscor said.

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/ 9 July 2004

Mboweni: SA’s growth prospects positive

Given recent economic developments, South Africa’s domestic growth prospects seem positive and in general most factors favour a containment of inflation within the target range, according to South African Reserve Bank Governor Tito Mboweni. However, he had a word of caution about the rate of increase in CPIX.