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/ 16 February 2006
Over the past 10 years, Finance Minister Trevor Manuel has charmed taxpayers by continually providing greater tax relief. This year is no different and individuals will pay R12,1-billion less tax once adjustments have been made for reduced vehicle allowances.
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/ 16 February 2006
The government finally appears to be noticing small business, tabling a range of tax breaks and benefits in the Budget to stimulate the second economy. Don Moody, a spokesperson for Cofesa, a body that supports small business, says the tax breaks and benefits are a step in the right direction.
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/ 16 February 2006
Finance Minister Trevor Manuel indicated this week that the troubled Road Accident Fund is in line for major surgery. But the government’s fix is facing heavy opposition from lawyers associations and politi-cal parties who say the new policy might be challenged in the Constitutional Court. The Treasury has given the fund a R2,7-billion bail-out to keep it going.
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/ 16 February 2006
The Richtersveld community and state-owned diamond miner Alexkor have concluded a framework agreement that lays out terms for the settlement of the massive land claim launched in 1998 against the company. In terms of a memorandum of understanding signed by representatives of the claimants and the company, the community will get a large stake in Alexkor.
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/ 16 February 2006
Minister of Finance Trevor Manuel has added R6,6-billion to planned spending on the administrative capacity of the government over the next three years, as the state tries to get better at converting the current economic momentum into sustained development.
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/ 16 February 2006
”South Africa, as most everyone knows, has a lot of crime. What fewer people appreciate is that, at about 3% of gross domestic product (GDP), the R50billion we’ll spend on criminal justice in 2006/07 is about three times more than the international average,” writes Antony Altbeker, senior researcher at the Institute for Security Studies.
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/ 15 February 2006
Glorification of terrorism will become a crime in the United Kingdom now that Parliament has backed Prime Minister Tony Blair’s version of a key part of a new anti-terror law prompted by the July bombings in London. Blair said banning glorification of terrorism is essential in order to crack down on radical Islamists.
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/ 15 February 2006
Minister of Finance Trevor Manuel believes he has found a use for the luckless Bafana Bafana — clearing rubble on building sites ahead of the 2010 Soccer World Cup, with no pay. And they should be joined, he suggested to the National Assembly in his Budget speech on Wednesday, by the Proteas cricket team.
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/ 15 February 2006
Liberian politicians who fled into exile as a bitter war raged in the West African country are set to dominate the country’s first post-war Cabinet, President Ellen Johnson-Sirleaf’s appointments have shown. Of the 19 ministers Johnson-Sirleaf has already named, only six lived in Liberia before last year’s watershed elections.