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/ 21 December 2007

No early elections, says Mbeki

The present South African government will serve out its term, President Thabo Mbeki said on Friday. He was speaking at his official residence in Pretoria a day after the closing of the African National Congress’s national conference in Polokwane that saw Jacob Zuma toppling him as party president.

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/ 21 December 2007

Shady deals uncovered in premier’s office

An internal forensic audit at the offices of KwaZulu-Natal Premier S’bu Ndebele has revealed that some of his employees were involved in fraud and corruption, the premier’s spokesperson said on Friday. A service-provider employee had been working ”in cahoots with employees” to make illegal and unauthorised payments to the provider.

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/ 21 December 2007

Get your A1 Grand Prix tickets now

Tickets for Durban’s much-anticipated A1 Grand Prix (GP) went on sale at 9am on Friday and confident organisers expect the event to attract thousands of motorsport lovers in February next year. The A1 GP, now in its third season, takes place in Durban from February 22 to 24.

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/ 21 December 2007

Citigroup sees microfinance growth

Microfinance services for the world’s very poor will likely continue to grow despite any global downturn, Citigroup says, but said the sector must diversify beyond small loans to saving and insurance schemes. Citigroup is seen as one of the leaders in the microfinance sector amongst major global banks.