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/ 4 August 2006

Cosatu condemns interest rate hike

The Congress of South African Trade Unions has slammed Thursday’s rise in the interest rate, saying it will increase the cost of living and slow job creation. ”The current inflation rate remains well within the target range set by the government and in these circumstances, we do not see any reason for the increase,” the union said.

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/ 4 August 2006

Famine fear as North Korea plays down flood crisis

Fears of a fresh humanitarian crisis in North Korea were heightened on Thursday by reports that recent flooding may have killed thousands more people than originally thought. A human rights group said as many as 10 000 people were dead or missing and 1,5-million had been forced to leave their homes after typhoon rains lashed the country on July 10.