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/ 6 September 2005

Zimbabwe price controls ‘do not help’

Zimbabwe’s Finance Minister Herbert Murerwa has called for the scrapping of state-administered price controls, launched in 2003 to rein in galloping inflation, a state-run daily said on Tuesday. ”We should move away from price controls. They do not help. It is some of these policies that are creating additional distortions,” said Murerwa.

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/ 6 September 2005

‘The boss’ seen cruising to poll victory

With the battle to keep his throne all but won, Egyptian President Hosni Mubarak’s main struggle on the eve of Wednesday’s landmark election was to secure a strong enough turnout to legitimise his victory. Mubarak wrapped up his campaign for the country’s first contested presidential election with an appeal to Egypt’s 32-million voters to go the polls but observers predict many could stay at home.

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/ 6 September 2005

At least 32 dead in Egypt theatre blaze

At least 32 people perished in a fire in an Egyptian theatre apparently set off by lighted candles used on stage, with the blaze provoking a deadly stampede as burning spectators tried to flee. The fire is the worst Egypt has witnessed in years and sent shockwaves through the country’s artistic community.

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/ 6 September 2005

Sri Lanka troops kill three rebels in raid

Sri Lanka’s Tamil Tiger guerrillas on Tuesday said three of their men were killed and five wounded when government troops launched an attack on a rebel sentry point in the island’s restive east. The Liberation Tigers of Tamil Eelam (LTTE) said heavily armed troops attacked their Kattumurivu sentry point in the district of Batticaloa on Tuesday morning.

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/ 6 September 2005

Promise of homes for Zim’s destitute

Zimbabwe’s vice-president has promised that people who lost homes in the government’s controversial urban clean-up campaign will be given priority in a housing programme launched in its wake, a newspaper said on Tuesday. Meanwhile, a controversial new Bill in Zimbabwe continues to reel in strong criticism.

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/ 6 September 2005

Banks back off housing pledge

South Africa’s major banks and the government are on a collision course over low-cost housing finance, with the banking sector appearing to backtrack on its R42-billion commitment in terms of the financial services charter. The <i>Mail & Guardian</i> has learnt that the banks are demanding higher levels of state protection for the next 10 years against losses caused by defaulting bond holders.