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/ 31 January 2006

Gold, platinum climb to new highs

The spot price of gold on Tuesday climbed to a 25-year high of $570,85 a troy ounce on continued investor interest in the metal, traders said. The spot price of platinum on Monday climbed to an all-time high of $1 081 an ounce due to strength in precious metals as well as renewed investor appetite for the metal, analysts said.

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/ 31 January 2006

US urges Arab states to fund Palestinians

The United States is urging Arab states to continue funding a Hamas-led Palestinian Authority, even though Washington is threatening to cut its own aid. Diplomats said on Monday that the Bush administration has already contacted Arab governments that support the Palestinian Authority and requested them to continue their funding.

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/ 31 January 2006

Tunisia trounced in Egypt

Monday was not a night for champions as reigning African Nations Cup holders Tunisia were trounced 3-0 by Guinea and ended up second in group C. At least they still have an interest in the tournament, whereas 1996 champions South Africa reached new depths as they were beaten 1-0 by Zambia.

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/ 31 January 2006

Bafana defeated again

Christopher Katongo scored on Monday to give Zambia a 1-0 win over South Africa, their first in group C of the African Cup of Nations. Katongo scored a 73rd-minute cross from Clive Hachilensa to hand South Africa, the 2010 World Cup hosts, their third straight defeat without scoring.

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/ 31 January 2006

SA shows conditional support for pro-poor policy

More than a decade after the advent of democracy, South Africa has still one of the most unequal societies in the world, but a recent study reveals that public support for pro-poor policies is highly conditional. The study says people believe society is unequal, and there is "strong support for government action to reduce inequalities".

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/ 31 January 2006

M&G wants Oilgate report overturned

On Wednesday, the <i>Mail & Guardian</i> filed a court challenge to Public Protector Lawrence Mushwana’s findings on the Oilgate scandal, seeking to have his report overturned and redone. Last July, Mushwana released the report that avoided probing parts of the scandal, but exonerated government and the parastatals involved.

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/ 31 January 2006

New scandal at UN

The United Nations, which is struggling to redeem its public image over charges of nepotism and mismanagement in its $64-billion now-defunct Oil-for-Food Programme in Iraq, has admitted to another growing scandal relating to its procurement activities.