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/ 10 November 2003

Cosatu: Leave public holidays alone

Tampering with South Africa’s public holidays would amount to a betrayal of those who died for freedom, the Congress of South African Trade Unions said on Monday. Home Affairs Minister Mangosuthu Buthelezi last week indicated the country might soon have multi-purpose public holidays.

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/ 10 November 2003

Christmas cheer for retailers

Retailers can expect an inflation-beating 9% increase in Christmas sales to R50,2-billion this year, but for many this will come too late as liquidations are set to continue at current record levels until the first quarter of 2004, says Credit Guarantee senior economist Luke Doig.

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/ 10 November 2003

Rand holds steady under R7/$ level

The rand was still trading below the R7 per dollar level in late afternoon trade on Monday, capitalising on the euro’s recovery against the dollar after a six-week worst level against the United States unit on Friday. The rand frequently takes its cue from the euro, gaining or losing in tandem against the dollar.

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/ 10 November 2003

WWF: Don’t tame the Wild Coast

Conservation bodies have strongly criticised plans to mine heavy metals and build a toll road along part of the Eastern Cape’s Wild Coast, calling for a rethink before government gives the go-ahead. The World Wildlife Fund said projects ”pose an inherent threat to the region’s natural environment and its people”.