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/ 29 August 2007

SA at forefront of clean-coal technology, MPs told

South Africa is at the forefront of research into so-called clean-coal technology, aimed at reducing the huge volumes of greenhouse gases emitted by its power stations, MPs heard on Wednesday. The country’s high-quality coal was mined out, leaving more environmentally harmful, lower-grade coal for use in the country’s power plants, MPs were told.

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/ 29 August 2007

CPIX puts nail in rates coffin

While core inflation moderated a tad in July, indicating a slight softening in broader-based inflation, headline numbers remain the key bugbears driving CPIX (consumer inflation less mortgage costs) to its highest level in close to four years and sealing the fate for another increase in interest rates in October.

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/ 29 August 2007

Hijackers run rampant on KZN North Coast

A man was wounded and a woman and two good Samaritans robbed of their vehicles amid a high-speed chase on the KwaZulu-Natal (KZN) North Coast, police said on Wednesday. Superintendent Vincent Mdunge said a woman was hijacked and robbed of her Nissan Almera in Mandini, near the Tugela River, on Tuesday night.

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/ 29 August 2007

US: 100 insurgents killed in Afghan battle

More than 100 suspected insurgents were killed in a battle with United States-led troops in southern Afghanistan, the US military said on Wednesday. The battle erupted after a convoy of Afghan and US coalition forces came under attack in the Shah Wali Kot district in Kandahar province, it said in a statement.

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/ 29 August 2007

Missing Croat lay dead at home for eight years

A Croatian man lay dead for eight years in his flat in downtown Zagreb before a neighbour discovered the body, a local newspaper reported on Wednesday. Ivan Bosanac, born in 1918, went missing in February 1999. His nephew reported his absence to the police, who conducted a brief search of the small attic flat, but found nothing.

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/ 29 August 2007

SA’s July CPIX quickens

The inflation rate targeted by South Africa’s central bank quickened to 6,5% year-on-year in July, coming in above market expectations due to higher food prices. Statistics South Africa said on Wednesday that CPIX (consumer inflation less mortgage costs) accelerated from 6,4% in June, beating the consensus forecast of a 6,1% rate.

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/ 29 August 2007

JSE off lows, eyes Wall Street

The JSE was off its earlier lows by midday on Wednesday as investors looked for value after the recent sharp sell-off. After starting weaker on the back of a sharp fall on Wall Street overnight, the JSE was looking a little better late morning. The Dow shed 2% on Tuesday and Tokyo shares ended down 1,7%, but London shares have turned around.

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/ 29 August 2007

Woolmer inquest set for October

The long-awaited coroner’s inquest into the death of former Pakistan cricket coach Bob Woolmer will begin on October 16, a Jamaican radio station reported on Tuesday. Radio Jamaica, citing Ken Pantry, the Director of Public Prosecutions, said more than 50 witnesses would be called at the inquest, to be held at the Jamaica Conference Centre in Kingston.