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/ 17 November 2003

Hutu rebels refuse to join peace process

A Hutu rebel group in Burundi has refused to join Burundi’s peace process unless it can negotiate directly with Tutsis, a spokesperson for the National Liberation Forces said on Monday. ”Those who love Burundi should call the Tutsis so that they can open up and confess the wrongs they have done against Hutus,” he said.

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/ 17 November 2003

DA: Mbeki must address arms deal in France

The Democratic Alliance has criticised President Thabo Mbeki for saying he does not plan to raise the topic of French company Thales’s involvement in South Africa’s controversial arms deal. Mbeki, currently in France on a state visit, said he would not discuss the issue with French President Jacques Chirac.

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/ 17 November 2003

Security net draped over London

Intensive security measures fell into place in London on Monday prior to a state visit to Britain by United States President George Bush that could flesh out the future of post-war Iraq. Large-scale demonstrations and a heightened terrorist alert risk overshadowing talks that Bush will be having with British Prime Minister Tony Blair.

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/ 17 November 2003

Investment in SA on the rise

Total investment in South Africa grew by more than 8% in the first half of the year, Finance Minister Trevor Manuel said on Monday. Private investment expanded by 7% in the same period, he told an investment forum of the Organisation for Economic Cooperation and Development in Johannesburg.

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/ 17 November 2003

Household spending to rise to R673bn

Household expenditure in South Africa will rise from R279,1-billion in 1993 to an expected R673,4-billion this year, the University of South Africa’s Bureau of Market Research said on Monday. African households are expected to have the largest share in total household expenditure of the four population groups in 2003.

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/ 17 November 2003

Absa looks towards R4,12 a dollar

The rand at R6,70 per United States dollar remains more than 20% undervalued when using the Big Mac measure. According to this measure it should be R5,30 per dollar. Using the Union Bank of Switzerland measure of living costs in major centres, an even stronger level of R4,12 per dollar is necessary.