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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.

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/ 3 May 2006

Injuries force England to look at ‘plan B’

England number two Tord Grip has admitted that they are devising a ”Plan B” for the World Cup after injuries to top strikers Wayne Rooney and Michael Owen. Rooney broke a bone in his foot on Saturday but has refused to give up hope of playing some part in England’s World Cup campaign, despite the scepticism of his Manchester United boss, Sir Alex Ferguson.

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/ 3 May 2006

Gold, resources keep JSE on high

The JSE was at a fresh all-time high at noon on Wednesday, boosted by gains in resources as the bullion price moved through the $670 per ounce level. Several resources counters reached lifetime or long-term highs. By 11.47am, the all-share index was up 1% as resources climbed 1,96%, the gold-mining index jumped 2,02% and the platinum-mining index gained 1,50%.