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/ 23 June 2006

Stetson still the hat of the American West

Few icons are as American as the cowboy hat: grandiose, utilitarian and a trademark of the West. The king is still Stetson, the original cowboy hat, created almost 150 years ago. Philadelphia’s John B Stetson headed west in the 1860s for health reasons. He fashioned himself a big hat to protect him from rain, sun and wind which he dubbed the ”Boss of the Plains”.

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/ 23 June 2006

Rand tumbles against dollar after record deficit

The rand fell on Friday to the lowest point against the United States dollar since January 2004, a day after the South African government announced a multi-year record deficit for the country’s current account. In European trade in London, the rand fell as low as $0,1328 — a level last seen on January 16 2004. By early afternoon in London, it stood at $0,1331.

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/ 23 June 2006

Report: Race a factor in access to wealth

Race is still a key factor in access to wealth in South Africa, says a government report on macro-social trends released on Friday. The 109-page document released in Pretoria, titled A nation in the making: A discussion document on macro-social trends in South Africa, revealed a society still grappling with transition.