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/ 14 September 2007

Japan’s outgoing PM admitted to hospital

Japan’s political crisis deepened when the Prime Minister, Shinzo Abe, was admitted to hospital suffering from exhaustion less than 24 hours after suddenly announcing his resignation. Abe (52) was seen by a doctor on Thursday morning after feeling unwell and was admitted to Keio hospital in Tokyo later in the day.

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/ 14 September 2007

Central bank sees CPIX back to target

South African inflation is expected to return to its target range in the second half of 2008, the country’s central bank said on Friday. The South African Reserve Bank’s forecast was more hawkish than previous predictions. After its August monetary policy meeting, it expected inflation to come back to the target band in the second quarter of 2008.

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/ 14 September 2007

Meet Mr Carbon

Government has gone into the carbon trading business. The state-owned Central Energy Fund has set up its own carbon trading operation. Headquartered in London, the operation is intended to ensure that South Africa maximises the benefits for the country from the rapidly growing trade in carbon credits. Carbon credit projects already in the pipeline stand to earn the country about R900-million.

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/ 14 September 2007

2001-2007

Last week, as the United States commemorated the 2 600 people who died in New York on September 11 2001, CNN surveyed US public attitudes to President George Bush’s "war on terror". It found that two-thirds of Americans believe the US is not winning, and more than half believe terrorists will find a way to attack no matter what the US government does.

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/ 14 September 2007

Namibia and Angola at odds over dam site

Political interests and specialist lobby groups appear once again to have stalled plans to dam the Cunene River where it forms the border between Angola and Namibia. After years of negotiations, expensive feasibility studies and considerable political rhetoric, the proposed Epupa Dam is no closer to being constructed.

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/ 14 September 2007

The lowest price isn’t always best

Eskom’s attempts to get co- generation agreements off the ground might be hampered by low electricity prices. Co-generation is the term for electricity that is produced as a co-product of an industrial process. And, even if new capacity is added to the grid, it will be comparatively small. The prospect of the world’s cheapest electricity is dangled before investors, even as the same low prices deter those who would potentially invest in new generating capacity.