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/ 21 June 2007

Court to rule on police joining strike

The Labour Court was expected to rule on Thursday on whether police, prisons and traffic officers could join a three-week public-sector strike. The Labour Court issued an interim interdict last Friday prohibiting members of the Police and Prisons Civil Rights Union from taking part in the industrial action.

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/ 21 June 2007

SA current account deficit narrows

South Africa’s current account deficit narrowed to 7% of gross domestic product in the first quarter as lower oil imports offset a fall in mine exports to narrow the trade deficit, the central bank said on Thursday. The shortfall compared with a 7,8% deficit in the fourth quarter of 2006 and 5,7% in the third quarter.

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/ 21 June 2007

JSE higher on futures close-out

The JSE was higher at noon on Thursday, shrugging off a negative tone on overseas markets as investors piled in ahead of a futures close-out later in the day. However, traders said the local bourse was expected to follow overseas markets weaker after the close-out, which started at 12pm.

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/ 21 June 2007

Matfield signs with Toulon

Springbok skipper Victor Matfield is to play for French second division side Toulon next season, L’Equipe sports daily reported on Thursday. The 30-year-old lock will join the Mediterranean coast team on a one-year contract after the World Cup in France.