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/ 1 October 2007

Government denies allegations over Pikoli

There were a number of instances where a breakdown in the working relationship with Minister of Justice and Constitutional Development Brigitte Mabandla was discussed with suspended National Director of Public Prosecutions Vusi Pikoli. This is according to government spokesperson Themba Maseko, who was speaking at a press conference in Pretoria on Monday.

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/ 1 October 2007

Zimbabwe lifts main lending rate to 800%

Zimbabwe’s central bank on Monday raised its main lending rate to 800% from 650% to tame ”angry and formidable” inflation, Reserve Bank of Zimbabwe Governor Gideon Gono said. The central bank also will launch a new currency soon to try to curtail a thriving foreign-exchange black market, he announced in a bi-annual monetary policy speech.

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/ 1 October 2007

PSL commission payments in spotlight

It has been described by one newspaper as ”splitting the Premier Soccer League [PSL] down the middle.” But what Finance Minister Trevor Manuel described as ”morally reprehensible” commission payments amounting to hundreds of millions of rands to PSL officials has seemingly united 45-million South Africans in outraged opposition to the professional soccer organisation.

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/ 1 October 2007

Anglo American to sell half its stake in AngloGold

Mining giant Anglo American said on Monday it would sell 61-million shares of AngloGold Ashanti Limited, cutting its stake in the world’s third-largest gold producer by almost half. The London-based company, which has a 41,8% interest in AngloGold, said in a statement that the shares would be offered as ordinary shares and American depository shares.

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/ 1 October 2007

US men in custody battle over amputated leg

A South Carolina man who stored his severed leg in a barbecue smoker that was later auctioned off is locked in a custody dispute with a North Carolina man who found it. John Wood’s leg was amputated near the knee after a 2004 airplane crash. He asked doctors to give it to him so he could be buried as a whole man when he died.

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/ 1 October 2007

Senegal threatens to withdraw troops from Darfur

Senegalese President Abdoulaye Wade said on Monday he would pull his country’s troops out of Darfur if it was determined that African peacekeepers who were killed at the weekend were not equipped to defend themselves. Twenty African Union soldiers were killed or injured and 40 missing after an assault on the Haskanita base in Darfur on Saturday night.