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/ 24 December 2007

Gold miners add to Christmas cheer

The gold mining index added some cheer to the JSE ahead of Christmas celebrations, helping the bourse to close 0,59% firmer on Monday. The JSE closed at midday ahead of the two-day Christmas holiday and will reopen on Thursday. The gold mining index ended 2,95% higher, while resources added 0,81% and the platinum mining index recovered 0,62%.

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/ 24 December 2007

Pienaar’s ‘moment of madness’

Cristiano Ronaldo scored an 88th-minute penalty to give Manchester United a 2-1 victory over Everton at Old Trafford on Sunday. A lazy trip by Steven Pienaar on Ryan Giggs allowed Ronaldo to score his second of the day from the spot and extend United’s home league winning streak to nine games.

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/ 24 December 2007

Opposition tipped to win Kenya election

Two heavyweights of Kenya’s post-independence politics square off in a presidential vote on Thursday whose run-up has seen the opposition hold a small lead in opinion polls over President Mwai Kibaki. But the closeness of the vote has raised fears fraud and intimidation may be used to try to swing the result.

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/ 24 December 2007

Sri Lanka says weekend war death toll tops 40

Sri Lankan troops killed 41 Tamil Tiger fighters in a series of weekend clashes in the island’s civil war-ravaged north, while three soldiers were also killed, the military said on Monday. Eleven rebels were killed in fighting in the northern districts of Vavuniya and Jaffna on Sunday, while another eight were killed in the north-western district of Mannar.

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/ 24 December 2007

Cops on the lookout for hit-and-run driver

Heidelberg police are searching for the driver of a yellow Toyota Cressida that was involved in an accident in which one person died, Ekurhuleni police said on Sunday. The Toyota Cressida — bearing the number plate CJM 710 GP — collided with a white Hyundai three-tonne truck, leaving the driver of the truck dead.

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/ 24 December 2007

Mbeki says ANC is not at war with itself

The conduct of some African National Congress delegates at its conference in Polokwane last week showed they did not understand what the party stood for, President Thabo Mbeki has told the South African Broadcasting Corporation. He was disappointed at how little some people understood of the ANC’s political workings and policy implementation.

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/ 24 December 2007

Zuma to look into inflation targeting

Jacob Zuma, the new leader of the African National Congress said on Sunday that he would look at inflation targeting, a key monetary policy tool used by the Reserve Bank to reign in inflation. The country adopted the policy in 2000 as a framework through which the central bank estimates a ”target” inflation rate.