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/ 6 December 2007

New exhibition celebrates struggle hero Biko

Holding the reigns of the ox-wagon that is pulling his father’s coffin, Nkosinathi Biko sits alone and solemnly among the masses of people. Surrounded by a throng of supporters, angry and tearful, he cuts a figure of solitude. A hero of the struggle is dead — but now lives on through the work of the Apartheid Museum in Johannesburg.

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/ 6 December 2007

Cops want to see Boje before he leaves India

South African bowler Nicky Boje will not be able to leave India without assisting police inquiries into a major match-fixing scandal in 2000, officials said on Thursday. ”We want Boje to join the investigations and although a date has not been set for him to come, he will be asked to assist us before he leaves India,” police spokesperson Rajan Bhagat said.

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/ 6 December 2007

At least 40 killed in China mine blast

At least 40 people were killed and 74 others trapped underground after an explosion at a coal mine in northern China on Thursday, with a group of rescuers among the missing, officials said. The gas blast occurred just after midnight at a mine in Linfen city, a coal-rich area in Shanxi province, the state administration of mine safety said.

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/ 6 December 2007

SA’s IT spend to reach R67,2bn by 2011

South Africa’s IT spend will increase from R52,2-billion to more than R67,2-billion over a forecast period between 2006 and 2011, according to a report by African information and communications technology market analysts BMI-TechKnowledge. The spending is set to increase at a compound annual growth rate of 5,2%.

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/ 6 December 2007

Inflation expectations tick up slightly

After a substantial increase during the third quarter, inflation expectations only ticked up slightly during the fourth quarter, according to the latest <i>BER Inflation Expectation Survey</i>. CPIX inflation expectations are now expected to average 6% (previously 5,9%) during 2007, 5,9% (5,8%) during 2008 and 5,6% (unchanged) during 2009.

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/ 6 December 2007

Is this the end of rising rates?

South African markets were expecting slightly more hawkish rhetoric by the South African Reserve Bank than transpired on Thursday and now feel inflation is fairly close to its peak. The bond market, especially at the previously sold-off short end, has reacted favourably.

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/ 6 December 2007

ANC ‘will be more divided’ after Polokwane

The African National Congress will remain divided after its Polokwane conference, South African Communist Party chairperson Gwede Mantashe on Thursday. He was speaking at a public seminar about the future and challenges of the ANC. ”The ANC will come out more divided after Limpopo. Divisions will last longer if any of the main competing groups win.