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/ 10 February 2006

Tax cuts, forex-control relaxation expected

Both tax relief and relaxation of exchange controls can be expected when Minister of Finance Trevor Manuel unveils his 2006/07 Budget next Wednesday. At a briefing in Sandton, Efficient Group chief economist Dawie Roodt said the numbers from November’s Medium-Term Budget Policy Statement showed that the minister would need R437-billion for the coming fiscal year.

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/ 10 February 2006

China’s powerhouse vision for 2050

By 2050 China will have eradicated poverty, established itself as a world power in science and lifted the average lifespan of its billion-plus citizens to 80 years, according to blueprints for the future published on Thursday. If the country can maintain its current 9% rate of economic growth, the reports predict the average income in China will rise to  300 a month, about 10 times the current level.

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/ 10 February 2006

Telkom denies discussions with Didata

South African telecoms company Telkom denied on Friday that it is in discussions with IT firm Dimension Data or any of its shareholders with regards to a potential acquisition of Dimension Data (Didata). Telkom issued a statement to the JSE following media reports that Telkom was looking at acquiring Didata.

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/ 10 February 2006

Force-feeding breaks protest at Guantánamo

The Pentagon faced a groundswell of protest about its treatment of detainees at Guantánamo on Thursday after it emerged that a hunger strike had been broken by force-feeding inmates and putting them in restraints. Five months after inmates at Guantánamo began the strike to protest against their indefinite detention at the US naval base only four remain on hunger strike.

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/ 10 February 2006

Zim to forge ahead with land seizures

Zimbabwean authorities have vowed to forge ahead with land seizures from white farmers who have remained on their properties after the country’s controversial land reforms. Lands Minister Mutasa said that following constitutional reforms passed by Parliament last year ”there is not any white farmer now who is farming legally”.