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/ 7 November 2007

Wildcat strike at Cup stadium in Durban

More than 1 000 labourers on Wednesday walked off the job at a South African soccer stadium work site, the latest in a string of disputes disrupting the nation’s preparations to host the Soccer World Cup in 2010. The National Union of Mineworkers said its workers had downed their tools to press demands for bonuses and improved safety conditions.

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/ 7 November 2007

Radioactive minerals dumped in DRC

Authorities in the Democratic Republic of Congo have launched an inquiry into the suspected dumping of 18 tonnes of highly radioactive minerals into a river in Katanga province. The minerals, including 17 tonnes of copper ore with a level of radioactivity 50 times the tolerable limit, were seized last month in the southern Katanga mining town of Likasi.

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/ 7 November 2007

Pollock left out of Test team again

South Africa have omitted leading wicket-taker Shaun Pollock from their starting XI for the first Test against New Zealand starting in Johannesburg on Thursday. The absence of Pollock, who also averages 32,31 with the bat, leaves South Africa with a telling lack of batting depth.

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/ 7 November 2007

JSE celebrates 120 years of investment

The JSE, ranked among the top 20 exchanges worldwide in terms of market capitalisation, will celebrate its 120th birthday on Thursday, it said in a statement on Wednesday. ”Today [Wednesday], the JSE’s total market capitalisation is over R6-trillion with approximately 400 companies listed,” said Russell Loubser, CEO of the JSE.

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/ 7 November 2007

Bulls reveal new faces in Super 14 squad

Three new signings at fullback and the return of Springboks Chiliboy Ralepelle and Pierre Spies after a layoff are the outstanding features of the Bulls’ Super 14 training squad that was announced on Wednesday. The Bulls have also named six locks in their search to fill the huge boots of this year’s captain, Victor Matfield.

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/ 7 November 2007

Mvela in new talks that may affect shares

South African investment firm Mvelaphanda Group (Mvela) said on Wednesday that it was in talks that may affect its share price if successfully concluded, sending its stock price higher. Mvela said the cautionary was not related to the deal in which the firm said it had agreed with fund management group Allan Gray to buy up to 30% of Johnnic Communications’ media unit.

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/ 7 November 2007

Business confidence dips in October

After bouncing back to 98,7 in October, the SACCI Business Confidence Index (BCI) dipped to 96,9 in October, which is its lowest level since June 2004. The South African Chamber of Commerce and Industry said that businesses were becoming concerned about international economic developments as well as local adjustments.