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/ 9 June 2006

Coloured in the drinking water

”Do I look like a man who can climb up a lamppost?” demanded Sheval Arendse, the Democratic Alliance’s candidate in the Tafelsig by-election. As Arendse weighs 150kg, the question, put to a police inspector investigating a complaint of theft by the Independent Democrats, was clearly rhetorical.

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/ 9 June 2006

Courts crack whip on pensions

KwaZulu-Natal social welfare and population development minister Nyanga Ngubane’s bid to avoid personally paying the legal costs of thousands of social grant applicants struggling for pensions and grants was thwarted by the Supreme Court of Appeal in Bloemfontein recently.

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/ 9 June 2006

Icasa in freebie loop

A free junket to London, courtesy of Telkom, for senior officials of the Independent Communications Authority of South Africa has drawn criticism. Against the backdrop of attempts to break Telkom’s fixed-line monopoly, the freebie to attend a conference in April hosted by the International Institute of Communications, has attracted censure for the apparent conflict of interest.

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/ 9 June 2006

Security strike talks restart

The third round of talks to break the 12-week security strike logjam are under way after third parties, including Independent Democrats leader Patricia de Lille, managed to coax negotiators back to the table.At the same time, the South African Transport and Allied Workers Union gave some indication of the costs of strike action for labour.

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/ 9 June 2006

Rand firms as market absorbs rate hike

The South African rand was firmer against the dollar in early trade on Friday as the market digested Thursday afternoon’s surprise 50-basis-point rate hike to 7,5% by the South African Reserve Bank monetary policy committee (MPC). The rand’s move came despite weakness in the euro and gold.

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/ 9 June 2006

JSE bleeds as rates increase

The JSE on Thursday suffered its worst loss since April 17 2000 — the bursting of the internet bubble — when a surprise rate hike locally saw the stuffing knocked out of a market that was already sagging under the weight of weaker world markets and lower commodity prices.