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/ 10 September 2003

DA questions timing of rate cut

The Democratic Alliance and the New National Party have reacted to the announcement by the South African Reserve Bank of a 1% cut in the repo rate. A scheduled meeting of the bank’s monetary policy committee was pre-empted by the repo-rate meeting on Wednesday.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=20291">FNB joins Standard, Absa in cutting rates</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?ao=20288">Reserve bank cuts rate</a>

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/ 10 September 2003

Joint bid for Nail

A consortium comprising South African media groups Caxton and CTP Publishers, Johncom and Kagiso Media confirmed on Wednesday that it is participating in and is the preferred bidder in the tender process that has been announced by New Africa Investments Limited.

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/ 10 September 2003

Resources lead JSE’s retreat

Resources were leading the JSE Securities Exchange (JSE) into the red in noon trade on Wednesday after Dresdner KW downgraded the mining sector to "underweight" from "neutral". However, weakness on the local bourse was widespread as players took profits on the back of softer world markets.