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/ 3 March 2008

Cable theft costs Telkom R863m

Copper cable theft between April last year and the end of January has cost Telkom R863-million, the telecommunications provider said on Monday. In a statement, Telkom said the ”alarming surge” in copper cable theft was the biggest inhibitor in its capability to improve service levels.

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/ 3 March 2008

Harbhajan cleared of racist gestures

India spinner Harbhajan Singh was cleared on Monday of making racist gestures and spitting at fans during his team’s one-day win over Australia on Sunday. Harbhajan was crucial in Sunday’s victory, which gave India a 1-0 lead in the tri-series finals, claiming the key wickets of Andrew Symonds and Matthew Hayden.

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/ 3 March 2008

JSE softer, but weak rand lifts miners

A weaker rand and higher commodity prices boosted mining stocks on the JSE by midday on Monday, but negative global sentiment still weighed on the bourse. By midday, the JSE’s broader all-share index was off 0,76%, dragged lower by a 4,42% dip in the bank index. Financials gave up 2,63% while industrials pulled back 1,07%.

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/ 3 March 2008

More than 20 killed in Iraq violence

At least 23 people were killed in bomb attacks and shootings around Iraq on Monday as United States troops announced the discovery of a mass grave with the bodies of 14 men bound and shot in the head. The deadliest attacks were in Baghdad, where at least 19 people were killed in two car bombings.