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/ 8 October 2007

IMF: Credit crisis not over yet

The global credit squeeze is a "serious crisis" that is not over yet and will have an impact on government budgets, International Monetary Fund (IMF) outgoing head Rodrigo Rato said in an interview published on Monday. IMF managing director Rato said: "Policymakers should not think that the problems will stay at the desk of the bankers."

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/ 8 October 2007

French defeat brings Henry’s All Blacks time to an end

Graham Henry will be replaced as All Blacks coach by the end of the year after his highly fancied team crashed out of the World Cup at the hands of France in the quarterfinals. The New Zealand Rugby Union board said on Sunday that a new coaching team should be in place by Christmas, even though Henry and his assistants have contracts until March 2008.

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/ 8 October 2007

Springboks handed favourites tag

South Africa’s media on Monday declared the Springboks as the new favourites to win the Rugby World Cup after they narrowly avoided becoming the third victim of a weekend of quarterfinal upsets. Newspapers breathed a sigh of relief that the Boks saw off a brave challenge by Fiji, who at one stage were level-pegging at 20-20.

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/ 8 October 2007

Dougherty holds on for win as Els implodes

Englishman Nick Dougherty took advantage of a disastrous 16th hole for Ernie Els to claim the biggest win of his career at the Dunhill Links Championship on Sunday. The overnight leader nearly squandered his three-stroke advantage as he bogeyed the opening two holes but he recovered to post a one-under par final round of 71 and finish on 18 under, two shots clear of Justin Rose.

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/ 8 October 2007

AmaZulu shock Stars in Telkom Knockout

AmaZulu shocked Telkom Knockout champions Platinum Stars when they beat them 1-0 in a lukewarm game in front of 8 000 fans at the King Zwelithini Stadium on Sunday. AmaZulu led 1-0 at half-time. The only goal of the match came in the 16th minute when Mpho Maleka beat Wyne Sunderland with a low shot after he received a neat pass from Dumisani Ngwenya.

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/ 8 October 2007

JSE remains on a firm footing

The JSE remained firm by midday on Monday but according to traders was drifting, lacking direction from world markets. By noon, the all-share index had edged up 0,16%, as industrials increased 0,84%. Banks advanced 0,67% and financials were 0,54% firmer.