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/ 30 March 2005

Absa announces bank-fee increases

Absa, South Africa’s largest retail bank in terms of customers at 6,96-million, has announced bank-fee increases of between 4% and 7% for 2005, which will become effective from April 1. "These fees were determined in response to the additional needs of our customers," Absa said.

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/ 30 March 2005

New setbacks for Jackson’s defence

Prosecutors in the Michael Jackson trial on Tuesday inflicted new setbacks on a defence team already reeling from a decision to allow testimony about the star’s alleged history of child abuse. The prosecution boost came after Judge Rodney Melville ruled that jurors at the child sex trial could hear about five more boys the embattled ”King of Pop” is alleged to have molested in the past.

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/ 30 March 2005

Russia blasts UN sancions against Sudan

Russia has criticised the UN Security Council approved sanctions against Sudan as being counterproductive. Russia — which abstained along with China and Algeria in Tuesday’s 12-0 Security Council vote in favour of the US-sponsored sanctions — also expressed doubts whether the measures could be effectively monitored.

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/ 30 March 2005

Cosatu gears up for anti-Zim march

Limpopo police have heightened security near the Beit Bridge border post ahead of the Congress of South African Trade Unions (Cosatu) demonstration scheduled for Wednesday. Cosatu expects thousands of marchers to participate in the march in solidarity with Zimbabwean trade unions.

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/ 30 March 2005

Zim govt labour move criticised

President Robert Mugabe’s government has increased the minimum wage for domestic servants tenfold. A labour union official said the sudden increase will lead to mass unemployment, and the opposition called it an attempt to drive a wedge between urban employers, thought to support the opposition, and their employees.

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/ 30 March 2005

Economists react to February CPIX

South African economists have reacted to South Africa’s consumer price index excluding mortgage rate changes (CPIX) for February. CPIX was up 3,1% year-on-year for metro and other areas in February. "The figure is pretty much as expected, but the main concern is on the outlook for the next few months," said one economist.