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/ 15 May 2007

SA lenders drum up clients ahead of credit law

South Africa’s credit providers are racing to sign up clients before a new law makes it illegal for them to extend credit to consumers deemed unlikely to pay back the money. Lenders are resorting to mailing credit cards to prospective clients and offering them pre-approved loans high-pressure phone calls ahead of the June 1 introduction of the National Credit Act.

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/ 15 May 2007

Russia to build nuclear reactor in Burma

Russia’s atomic energy agency said on Tuesday it has signed a deal to build a nuclear-research reactor in Burma, whose military rulers have been criticised by the West for repressive and undemocratic practices. The centre will include a 10MW nuclear reactor with low enriched uranium consisting of less than 20% uranium-235, the atomic energy agency, known as Rosatom, said.

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/ 15 May 2007

Zimbabwean police detain Mann’s lawyer

Zimbabwean police have detained the lawyer of Briton Simon Mann, who is fighting his extradition to Equatorial Guinea, a colleague said on Tuesday. Law Society of Zimbabwe president Beatrice Mtetwa said that Mann’s lawyer, Jonathan Samkange, was picked up by police on Monday night for allegedly bringing a witness into the country under false pretences.

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/ 15 May 2007

China: ‘A blessing or a curse for Africa?’

China promised on Tuesday to do more to strengthen Africa’s economic sinews even as the continent enjoys its fastest burst of growth in 30 years on the back of booming Chinese demand for oil and minerals. Central bank governor Zhou Xiaochuan said Beijing would redouble efforts to share the lessons of its economic take-off.

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/ 15 May 2007

Govt: 2010 pessimists will ‘eat their words’

Pessimists who doubt South Africa’s ability to host the 2010 Soccer World Cup will have to ”eat their own words” in 2009 when all preparations for the event will be completed, Deputy Finance Minister Jabu Moleketi said on Tuesday. He said some people had ”targeted 2010” to reflect their negativity about South Africa and Africa.