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/ 3 May 2006

Mallett keen on England role

Nick Mallett could help England retain the World Cup next year after the South African expressed interest in the newly created role of director of elite rugby at the Rugby Football Union (RFU). Mallett, currently director of rugby at Western Province, was quoted as saying he would be interested in any approach from the RFU concerning a role in which he would work alongside England’s head coach, Andy Robinson.

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/ 3 May 2006

Customs officials face balancing act

The international threat of terrorism has created a need for customs officials to balance security checks and the free flow of business, a South African Revenue Service commissioner said on Wednesday. In the United States, for example, there was a proposal that containers bound for there be cleared by their country of origin first.

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/ 3 May 2006

Bernanke’s loose tongue sets markets wagging

Three months after succeeding the famously discreet Alan Greenspan, Federal Reserve chairperson Ben Bernanke has been dealt a painful lesson in the cost of careless talk. A private conversation involving the new Fed chief at Saturday’s annual dinner of the White House Correspondents’ Association found its way out into public this week.

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/ 3 May 2006

Crusaders stand down captain McCaw

The Canterbury Crusaders have surprisingly rested captain and star flanker Richie McCaw for their crunch Super 14 rugby match against the Northern Bulls in Pretoria this weekend, but denied a recurrence of head injuries. McCaw said it was tough watching from the sidelines but the break was a chance to repair niggling injuries.

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/ 3 May 2006

North Korea loses $20m each week it avoids talks

North Korea loses at least -million each week it stays away from multilateral talks aimed at ending its nuclear weapons drive, a top United States negotiator said on Tuesday. North Korea stood to gain that amount of money in energy aid alone in return for abandoning its nuclear weapons under an agreement reached by the negotiating parties.

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/ 3 May 2006

Definition of ‘shebeen’ to be discussed in court

The definition of the word ”shebeen” will be discussed in the Constitutional Court on Wednesday, court registrar Martie Stander said. ”The court will hear an application for the confirmation of an order of constitutional invalidity made by the Pretoria High Court in respect of the definition of shebeen contained in section 1 of the Gauteng Liquor Act, 2003,” Stander said.

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/ 3 May 2006

SARB: Banking sector remains healthy

South Africa’s banking sector continues to be profitable, well-capitalised and able to withstand considerable adverse shocks, according to the South African Reserve Bank’s (SARB) latest <i>Financial Stability Review</i>. The central bank said on Wednesday that the favourable macroeconomic environment had contributed towards improved asset quality, and provisioning against overdue accounts was considered adequate in aggregate.