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/ 7 September 2005

Angola clears plane to airlift refugees from Zambia

Angola’s government has given the green light for a chartered plane to bring home more than 700 refugees from Zambia who have been awaiting return for the past three weeks, a UN official said Wednesday. About 724 Angolan refugees were being kept at a makeshift camp in Mongu, about 700km west of the Zambian capital Lusaka, as UN officials awaited clearance from Luanda for the airlift.

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/ 7 September 2005

And now … banking on Sundays

Absa customers may soon be able to negotiate new overdrafts, finance cars and make cash deposits at their branches on Sundays, if a trial run at two Gauteng branches is anything to go by. In a move unique in banking circles in South Africa, Absa opened two of its biggest and busiest branches last Sunday to test the waters.

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/ 7 September 2005

Visa-wielding tourists spend billions in SA

International tourists travelling in South Africa used their Visa cards to pay for approximately $1,5-billion-worth (R9,51-billion-worth) of purchases at merchants in the 18 months to June 30 this year, with those from the European Union (including the United Kingdom) accounting for $997-million (65%) of the overall spend.

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/ 7 September 2005

SA will not ‘unilaterally’ pay Zim loan

South Africa will not unilaterally pay back Zimbabwe’s loan to the International Monetary Fund, as the country ”is not South Africa’s 10th province”, says South Africa’s Minister of Foreign Affairs, Nkosazana Dlamini-Zuma. Addressing a briefing at Parliament on Wednesday, she said the matter of the loan offer ”hasn’t moved”.

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/ 7 September 2005

What has Hussein al-Tahaan got to smile about?

On his desk sit two thick folders of citizens’ complaints. Before him a roomful of officials are detailing the city’s corruption, anarchy and crumbling infrastructure. Out in the corridor supplicants wait their turn to plead for help. Throughout city hall staff lack education, skills and equipment. Hussein al-Tahaan leans back, takes off his spectacles and rubs his eyes.

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/ 7 September 2005

Affordable offshore investing

For Deutsche Bank and the JSE, the launch of Itrix, their range of international exchange traded funds (ETFs), could not have come at a better time amid fierce public debate on fund management fees. An ETF is a basket of shares that passively tracks an underlying index and is itself listed on a stock exchange.