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/ 10 February 2006

World finance chiefs start talks in Moscow

Finance chiefs from the world’s leading industrial nations kick off two days of discussions in Moscow on Friday focused squarely on mounting Western concern over the Kremlin’s swelling clout in world oil and gas markets. Taking its first turn at the helm of the Group of Eight, Russia has set a diverse agenda for the meeting.

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/ 10 February 2006

Govt to reach out to expats in New Zealand

The government is to reach out to South Africans living in New Zealand to improve links between the two countries, President Thabo Mbeki said on Friday. Mbeki met New Zealand’s Prime Minister, Helen Clark, who paid him a courtesy call in Pretoria ahead of the Progressive Governance Summit that both will be attending over the weekend.

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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.