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/ 12 January 2006

SABC team under fire over Prince

As the disciplinary hearing of controversial Central Karoo municipal manager Truman Prince got under way on Wednesday, the South African Broadcasting Corporation’s (SABC) Special Assignment team came under fire for refusing to become involved in the proceedings. Prince has pleaded not guilty to seven charges.

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/ 12 January 2006

Rand trades below R6 a dollar

The South African rand was trading below the key R6-per-dollar level in early trade on Thursday, which it broke overnight on the back of a stronger euro and news that competition authorities had approved the Vodafone-Vodacom deal. The local unit was last below R6 per dollar on May 9 last year.

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/ 12 January 2006

Fiat has big plans in SA for new year

After a challenging year for Fiat Auto South Africa in 2005, MD Giorgio Gorelli is confident that the recent merger with Fiat Auto Brazil will reap benefits for the local operations. In December 2005, Fiat Auto South Africa officially merged with Fiat Auto Brazil to become part of the Brazil-South Africa ‘pole’.