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/ 3 July 2003

Strike looms in SA motor sector

Wage confirmation talks, which constitute the three-year agreement between the National Union of Metalworkers of South Africa and the Automobile Manufacturers Employers Organisation, hit a snag this week after the parties failed to reach an agreement on wage increases.

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/ 3 July 2003

The cost of keeping the peace in Africa

The United Nations has earmarked nearly 60% of its just-approved 2003/2004 peacekeeping budget for Africa. Of the ,17-billion the world body plans to spend on peacekeeping in the new financial year beginning July 1, more than ,3-billion has been set aside for five peacekeeping operations in Africa.

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/ 3 July 2003

Dollar demand takes rand weaker

The South African rand was softer against major currencies in late morning trade on Thursday after a move sparked by offshore demand for dollars. However, exporter sales were seen at the weaker levels and currency traders expected a range bound day from the local unit.