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/ 7 August 2007

Pressure mounts on China over media controls

China faced mounting pressure on Tuesday to honour pledges of media freedom made for the 2008 Olympics, with two Western groups accusing the government of harassing and unfairly jailing journalists. Reports by the Committee to Protect Journalists and Human Rights Watch said reporters still faced intimidation just a year before the Beijing Games.

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/ 7 August 2007

Xstrata bids $1bn for Eland Platinum, profit up

Miner Xstrata announced a -billion offer for South Africa’s Eland Platinum Holdings and met forecasts with a 47% rise in first-half net profit on Tuesday. Swiss-based Xstrata said its R105-a-share cash offer was 14% above Eland’s 30-day volume-weighted average price and that it had secured support from shareholders owning 51% of the South African firm.

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/ 7 August 2007

French snail-guzzling fest sets new record

Hordes of French gourmets joined forces at an annual snail festival over the weekend to munch their way through a record 100 800 gastropods, organisers said on Monday. "We’ve beaten all our previous records, despite the rain," said Jacky Pommier, who helped organise the festival, in Digoin, east of Paris.

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/ 7 August 2007

Bennis from heaven for Rovers

There is a good reason for the speculation that has engulfed the future of Blackburn Rovers striker Benni McCarthy this summer. After years of being linked with a move to the Premiership, Rovers finally took a punt on the South African star and reaped the rewards, with the powerful forward hitting 18 league goals.

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/ 7 August 2007

Sasol welcomes windfall tax decision

Sasol welcomed on Tuesday the National Treasury’s decision not to impose a windfall tax on synthetic fuel producers. ”Our government’s growth vision for the synthetic fuel sector is encouraging,” said Sasol chief executive Pat Davies. Davies said Sasol had started the first phase of ”significantly expanding” existing synthetic fuels capacity in Secunda.

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/ 7 August 2007

We have a deal: Fuel sector strike over

All the fuel industry workers who were on strike over the last week would return to work on Tuesday after accepting an 8,5% wage increase. ”We hope that at least by the afternoon shift everybody would have gone back to work,” said Keith Jacobs, spokesperson for the Chemical, Energy, Paper, Printing, Wood, and Allied Workers’ Union.