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/ 31 July 2007

Strike hits petrol firms

A South African union said it had launched a strike over wages at Chevron’s 100 000-barrel-per-day refinery in Cape Town and PetroSA’s 36 000 bpd Mossel Bay gas-to-liquid plant. Welile Nolingo, secretary general of the Chemical, Energy, Paper, Printing, Wood and Allied Workers’ Union, said the strike would continue until the union’s demands are met.

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/ 31 July 2007

SA credit growth quickens, rate hike looms

Growth in demand for credit by South Africa’s private sector quickened to 24,92% year-on-year in June, data showed on Tuesday, hardening the case for another interest rate increase next month. Analysts had expected a new law clamping down on credit lending that came into force in June to have bolstered the central bank’s monetary tightening efforts.

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/ 31 July 2007

Migrants survive voyage in giant canoe

A record-breaking 180 African immigrants reached the Canary Islands in a single ocean-going canoe on Monday as new super-sized vessels began to be used in the perilous journey from Africa’s Atlantic coast. The 180 sub-Saharan Africans were picked up by a Spanish maritime rescue vessel off the island of Tenerife.

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/ 31 July 2007

Brown stresses shared values in talks with Bush

United States President Bush on Monday lavished praise on British Prime Minister Gordon Brown at their first summit together, saying he was a man of principle who understood the ideological war against terrorism. But over two days of talks held at Camp David, Brown retained his right to withdraw British troops from Iraq more quickly than the Americans.