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/ 7 October 2003

Alleged Burkina Faso coup plot foiled

Burkina Faso has arrested 12 people, both members of the military and civilians, in an alleged coup attempt in the impoverished West African country, authorities said on Tuesday. The suspects were ”conspiring to carry out subversive activities” leading to ”an attempt on the security of the state”.

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/ 7 October 2003

Iran says it’ll carry on enriching uranium

Iran will not stop enriching uranium for peaceful purposes, despite a request from the UN nuclear agency, Foreign Minister Kamal Kharrazi said in remarks published on Tuesday. Last month, the International Atomic Energy Agency imposed a deadline of October 31 for Iran to prove that its nuclear programme is peaceful.

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/ 7 October 2003

Lekota: ‘No Aids alarm in SA’

There is no alarm in South Africa about Aids, Minister of Defence Mosiuoa Lekota said on Tuesday. "All of this noise every day about HIV/Aids and so on … is really unfounded," he told senior foreign envoys in Pretoria. Lekota said programmes run by the government will enable it to contain the disease.

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/ 7 October 2003

Sacob calls for 300bps prime rate cut

The South African Chamber of Business has called for a further 300 basis points cut in the prime interest rate by year-end to accelerate economic growth. "In my opinion, the correct level for the real prime rate is between 4% and 5%, so the Reserve Bank is lagging the decline in inflation," said a Sacob economist.

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/ 7 October 2003

JSE down on strong rand

A strong rand — dipping down to R6,82 — and basket-selling by futures players drove the JSE Securities Exchange South Africa into the red on Tuesday, with the overall index more than 1% weaker in noon trade. Softer world markets added to the negative tone.

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/ 7 October 2003

ThisDay launches in South Africa

Nigerian-funded <i>ThisDay</i> hit the South Africa’s streets with a resounding thump on Tuesday, landing in an already crowded media market where it is expected to face stiff competition. Editor Justice Malala said in an editorial that the newspaper would offer coverage of "politics to business, arts to sport and comedy to science".