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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

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

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%.

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/ 26 September 2007

Tutu ‘devastated’ by Mugabe’s rule

South African Nobel Peace Prize laureate Desmond Tutu said on Tuesday he was ”devastated” by the human rights abuses of President Robert Mugabe’s government in Zimbabwe. Tutu said he struggles to understand how Mugabe changed so drastically after steering the country to independence in 1980.

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/ 26 September 2007

Liverpool, Arsenal win convincingly

Fernando Torres scored three goals on Tuesday to lead Liverpool to a 4-2 English League Cup win at Reading, while Arsenal also reached the fourth round with a 2-0 win over Newcastle. Manchester City, Portsmouth, Sheffield United, Cardiff, Luton and Blackpool were the other teams to advance.

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/ 26 September 2007

Randgold CEO says earnings will be higher

The head of African miner Randgold Resources on Tuesday said net profit in its third and fourth quarters should be in line with the first-quarter level, citing higher bullion prices. Randgold, whose gold mines are mostly based in West Africa, posted first-quarter net profit of ,7-million.