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/ 26 January 2007

Will he, won’t he?

The market pundits are again debating whether there will be another interest-rate hike next month. After a practically unanimous view last year that a further rate hike was likely to follow December’s 50-basis points increase, new data, combined with a lower oil price and a reasonably strong rand, has some economists reviewing their positions.

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/ 26 January 2007

Will he, won’t he?

The market pundits are again debating whether there will be another interest-rate hike next month. After a practically unanimous view last year that a further rate hike was likely to follow December’s 50-basis points increase, new data, combined with a lower oil price and a reasonably strong rand, has some economists reviewing their positions.

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/ 26 January 2007

Barloworld crosses the Rubicon

By the end of the year, the market can expect a leaner, sleeker and –hopefully — considerably blacker Barloworld. The group — under attack from its largest shareholder — announced extensive unbundling, a new empowerment partner, a new interim chairperson, and its first black executive director at its annual general meeting.

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/ 26 January 2007

Zimbabwe throws SA cement a lifeline

The construction boom in South Africa is to receive a prop from an unlikely quarter: Zimbabwe. The demand for cement continues to outstrip supply in South Africa because of private developers and public works programmes — including construction of new stadiums for the 2010 World Cup.

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/ 26 January 2007

Will al-Bashir chair the AU?

This week, African leaders will choose a new chairperson of the African Union for 2007. There is significant pressure from some quarters to elect Sudanese President Omar al-Bashir, a leader who stands accused of genocide. While the AU has officially embraced democracy and condemns violent transfers of power, its leadership selection process remains mired in old-guard rules.

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/ 26 January 2007

No easy green light for Green Point

Senior legal advisers this week said the Green Point ratepayers’ association bid to stop construction of the controversial R3,7-billion 68 000-seater Green Point stadium is based on strong arguments and could succeed, in part because the city has failed to submit several independent reports to the public for evaluation.

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/ 26 January 2007

Problem-stricken feeding scheme

One million underprivileged school children in the Eastern Cape, who should be benefiting from the School Nutrition Programme, are now at the mercy of the provincial department of education, which has temp­orarily suspended the programme amid allegations of R100-million in irregular tender awards.

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/ 26 January 2007

South Africa tackles Islamophobia

South Africa is protesting to the governments of the United States, Britain and the United Arab Emirates — among others — which have refused entry to South African citizens with valid visas. It has also stepped in to put a hold on the listing of two South Africans, Farhad and Junaid Dockrat, on a United Nations Security Council watchlist that would effectively freeze assets they have abroad and block any foreign travel by them.