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/ 21 June 2007

SA household spending growth eases

Growth in South African household spending slowed to 7,5% year-on-year in the first quarter from 7,75% in the last quarter of last year, while debt reached record levels, the central bank said on Thursday. A household spending boom has contributed to high economic growth of 5% last year, but it has also added to inflationary pressures.

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/ 21 June 2007

Solidarity declares dispute with Kumba

South African Solidarity union said on Thursday it had declared a dispute with Kumba Iron Ore, the first legal step towards a strike, after the company made a final wage offer of 8% against the union’s demand of 12,5%. Solidarity spokesperson Reint Dykema said in a statement the next step will be to ask the CCMA mediating body to appoint a facilitator.

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/ 21 June 2007

Durban street-renaming case postponed

The battle between the Democratic Alliance (DA) and the eThekwini municipality over controversial plans to rename several Durban streets and landmarks was adjourned on Thursday in the Durban High Court. The DA is asking the court to prevent the municipality from proceeding with the second phase of the renaming process to have the first phase reversed.

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/ 21 June 2007

It’s a new online chapter for books

Social sites such as MySpace, Facebook and Bebo that want to run your life for you are all the rage, but this shouldn’t distract from the strong growth of networks geared to special interests. When I wrote recently about the slowness of the digital revolution to hit the book world, I was hit by a shoal of letters listing stacks of sites not mentioned

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/ 21 June 2007

Zim sets up task force to monitor prices

Zimbabwe has set up a task force to monitor prices of basic goods and probe shortages fuelling the country’s runaway inflation, a Cabinet minister said Thursday. "The task force is being set up to monitor the prices [of goods] and their disappearance from the formal market," Industry and International Trade Minister Obert Mpofu said.

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/ 21 June 2007

Zambia cops crack down on protesting students

Riot police in Zambia arrested 49 students from the country’s biggest university in Lusaka who attempted to stage street protests against poor sanitation at their campus, police said on Thursday. ”Police arrested 15 female students and 34 males from the University of Zambia,” police spokesperson Chrispin Kapela said.