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/ 27 November 2007

Electoral fraud mars Kenya poll

Scenes of bloodshed and outright fraud characterised primary elections for the three main political parties, one of which will form the next government in Kenya after the general election set for December 27. The Party of National Unity (PNU), the Orange Democracy Movement and Orange Democratic Movement Party of Kenya, the platforms on which President Mwai Kibaki, Raila Odinga and Kalonzo Musyoka are gunning for the presidency, held primaries last weekend.

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/ 27 November 2007

World Bank takes stake in Wizzit

Virtual bank Wizzit, which provides low-cost cellphone banking to lower-income earners, has received major backing from the World Bank. IFC, a member of the World Bank Group which provides finance to commercially viable businesses that promote development, has signed an agreement to take a 10% equity stake in Wizzit.

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/ 27 November 2007

Climate change threatens Asia’s gains, says study

Global warming will send Asia’s social and economic progress into reverse unless action is taken to tackle climate change, according to a report released on Monday. Wealthy countries should slash greenhouse gas emissions and help Asian countries reduce their reliance on fossil fuels by promoting and investing in sustainable and renewable energy across the region, according to the report, entitled Up in Smoke?

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/ 27 November 2007

The central bank conundrum

The latest economic releases from the United States point to the growing twin threats of slowing economic growth and rising inflation. Some analysts are beginning to pencil in a US recession in the near future. The problem at home is similar: consumer inflation is above the South African Reserve Bank’s target range still, but the growth trends of leading economic indicators, like vehicle and retail sales, are declining.

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/ 27 November 2007

Poverty shock! (Never mind the facts)

The press recently had a field day with reports that poverty in South Africa had doubled since 1994. The story seems to have originated with a press release from the South African Institute of Race Relations (SAIRR) that was picked up by major media. This is shocking news. But is it true, asks Miriam Altman,executive director of the Employment Growth and Development Initiative at the Human Sciences Research Council.

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/ 27 November 2007

Making a difference one click at a time

The traffic intersections of our major cities have two permanent fixtures: there are the intrepid, streetwise vendors, who, ducking cars, can persuade you that the cheap sunglasses, cellphone chargers and many other wares they sell are the genuine articles. Less combative, but an equally insistent presence, are the beggars, from other Southern African countries, who operate as individuals or as teams.

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/ 27 November 2007

SA in the mirror of John Hlophe

The intense controversy surrounding the decision of the Judicial Service Commission to end the inquiry into John Hlophe appears to have reached its end. Some legal wailing and political gnashing of teeth might continue, but Hlophe is here to stay as the judge president of the Cape High Court. But in the here and now, what have we learnt from this saga?