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/ 26 September 2007

Zim, Iran seek ‘coalition for peace’

The leaders of Zimbabwe and Iran are looking to form a ”coalition for peace” after receiving a tongue-lashing from United States President George Bush. ”The United States and its allies are so bloodthirsty they don’t want to see peace anywhere in the world,” said Zimbabwe Deputy Information Minister Bright Matonga.

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/ 26 September 2007

TAC plans to block Qunta’s SABC appointment

The Treatment Action Campaign (TAC) has threatened to take court action if lawyer Christine Qunta is reappointed to the board of the South African Broadcasting Corporation (SABC). TAC leader Zachie Achmat said Qunta’s involvement in a company selling untested medicines purporting to cure HIV/Aids disqualified her from occupying public office.

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/ 26 September 2007

Eritrea insists Ethiopia implement border ruling

Eritrea maintains its demand that Ethiopia implement a border ruling agreed under a pact to end their 1998 to 2000 war, a minister said on Wednesday after Ethiopia threatened to call off the peace agreement. In a letter to Eritrea’s Foreign Minister on Tuesday, Ethiopia accused Asmara of violating the deal on several fronts including coordinating ”terrorist activity”.

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/ 26 September 2007

Relief as motor-components strike ends

General Motors South Africa is "relieved" that the two-week-old strike in the motor-component industry has ended. Several South African motor manufacturers were badly affected by the strike, which forced them to shut down production facilities due to a lack of parts. The strike ended on Tuesday evening.

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/ 26 September 2007

Troops fire shots to disperse crowds

Troops fired shots over the heads of a large crowd in central Yangon on Wednesday, sending people scurrying for cover as a crackdown intensified against the biggest anti-junta protests in 20 years. Security forces also fired tear gas at columns of monks trying to push their way past barricades sealing off the Shwedagon Pagoda, Burma’s holiest shrine.

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/ 26 September 2007

JSE steady, unmoved by inflation data

The JSE was steady at midday on Wednesday, unmoved by the release of local CPI and CPIX data which was in line with market expectations. By noon, the JSE’s all-share index had collected 0,52% as the gold-mining index advanced 1,22%. The platinum-mining index added 0,95% and financials climbed 0,68%.