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/ 8 June 2007

UN: Darfur factions ready for talks

All sides in the conflict in Darfur are ready to start talks to renegotiate a year-old peace accord rejected by many Darfuris as inadequate, the top United Nations humanitarian chief in Sudan said on Friday. In his last interview before leaving his post after three years, Manuel Aranda da Silva said a descent into anarchy in Darfur is hindering the world’s largest aid operation.

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/ 8 June 2007

SA faces funding crisis for housing

South Africa needs to spend billions of rands to ease a nationwide housing crunch, its housing minister said on Friday, highlighting a glaring legacy of decades of apartheid. Lindiwe Sisulu told Parliament during her annual budget speech that the country had made progress in easing a huge backlog in requests for housing.

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/ 8 June 2007

Mboweni warns of broad-based inflation

South African central bank Governor Tito Mboweni warned on Friday of a strong upward bias in inflation beyond high fuel and food costs, pointing to further interest rate increases. The Reserve Bank raised its key repo rate by 50 basis points to 9,5% on Thursday to help stem surging inflation and high consumer spending.

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/ 8 June 2007

Wie’s comeback ends in chaos

Controversy, never a stranger to the career of Michelle Wie, turned into downright calamity this week amid suggestions that the game’s most famous prodigy feigned an injury during an LPGA Tour event to avoid falling victim to the rule under which players who shoot a round of 88 or worse are banned from the women’s tour for the rest of the season.