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/ 12 November 2003

Mboweni: Budget policy won’t impact inflation

The South African government’s expansionary Budget policy for the next four years would not have an inflationary impact on the economy, according to South African Reserve Bank Governor Tito Mboweni. He said that he was confident there would be no "fiscal dominance" arising out of the higher budget deficits projected through 2006-07.

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/ 12 November 2003

Aids spending to reach R3bn next year

Total expenditure in response to HIV and Aids, including amounts directly spent by provincial health departments, will exceed R3-million in 2004/05, says Minister of Finance Trevor Manuel. In his mini-Budget speech in the National Assembly on Wednesday, Manuel said R1,1-billion of this would be in the national Department of Health.

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/ 12 November 2003

Manuel’s medium-term Budget as expected

The South African medium-term Budget policy statement was expected to cut the revenue and gross domestic growth forecast, and extend the foreign exchange amnesty beyond its current deadline of the end of this month — and this is exactly what happened.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=23450">Aids spending to reach R3bn</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=23451">Mboweni: Budget won’t impact inflation</a>

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/ 12 November 2003

Fighter jet crashes into highway

Two Impala MK1 fighter pilots died almost instantly on Wednesday morning when their jet crashed 10m from the N4 highway in Mpumalanga’s notorious Crocodile Gorge. One of the pilots was flung through the roof of a passing truck after an apparent attempt to eject from his burning plane.

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/ 12 November 2003

Players sit on the fence at midday

The JSE Securities Exchange South Africa was stuck in flat territory, albeit with a more positive bias than this morning, just after midday on Wednesday. Dealers said that direction was being determined largely by futures players, while rand strength was continuing to weigh on the downside.

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/ 12 November 2003

ANC takes two SA by-elections unopposed

The ruling African National Congress (ANC) has won two municipal by-elections – in the Western Cape at Breede River/Robertson municipality and at Dealesville in the Free State unopposed — while the official opposition Democratic Alliance (DA) has won a seat at Phillipstown in the Northern Cape unopposed.

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/ 12 November 2003

‘Rastas are serious development workers’

For decades the Rastafarian community, in their spiritual home in Shashemene, were not taken seriously and Ethiopians had even termed them ludicrous. But all that was set to change with the efforts of a Rastafarian non-governmental organisation in promoting alternative farming techniques and youth development programmes.