Staff Reporter
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/ 10 July 2004

What to do with the powerful rand?

The rand is likely to continue strengthening, leading to some difficult decisions for the South African Reserve Bank, says economist John Loos. Loos warns that the Reserve Bank might have to turn its attention to the current account imbalance, as this ”may deteriorate significantly should the rand go even stronger”.

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/ 10 July 2004

Pirates hammer Sable De Batie 4-2

Orlando Pirates hammered Sable de Batie 4-2 in the first clash of their Confederation of African Football (CAF) Cup match at the Oppenheimer Stadium in Orkney on Friday. The Buccaneers, in their popular black and white strip, made use of their territorial advantage without giving the visitors much room for manoeuvre.

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/ 10 July 2004

Armstrong: Bruised, but far from out

Lance Armstrong knows his bid for a record sixth Tour de France victory could all end in one crash. So he wasn’t pleased when dozens of riders went down in a pile in front of him. The crash at the finish in Angers was the final straw for a five-time champion already bruised up in a tumble.

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/ 9 July 2004

Prison strike averted

Prison warders will be back at work nationwide this weekend after a last-minute resolution to the staffing crisis, the Police and Prisons Civil Rights Union (Popcru) said on Friday. The Department of Correctional Services has agreed to increase the weekend staff component back to 46% of weekday numbers.

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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.