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/ 21 February 2003
The resurgent rand has put the South African Reserve Bank (SARB) under increasing pressure to cut interest rates despite SARB governor Tito Mboweni’s repeated warnings that speculation of an imminent interest rate cut is premature.
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/ 21 February 2003
The former president of Zambia Frederick Chiluba was escorted to a police station and questioned by anti-corruption officers yesterday over claims that he looted millions of pounds — possibly hundreds of millions — from state coffers.
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/ 21 February 2003
Officially, they are not losers. They are not a defeated, ragtag bunch of malnourished guerrillas with no homes, no jobs and no future. The Unita rebels are ”partners for peace” who will help build a new, democratic Angola from the ashes of war.
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/ 21 February 2003
To all but one of the African leaders attending the opening ceremony of yesterday’s Franco-African summit in Paris, a jovial President Jacques Chirac proffered the regular Gallic greeting of a kiss on each cheek.
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/ 21 February 2003
Iraqi intransigence over missiles that can travel 30 kilometres beyond a 150 kilometre limit set by the United Nations was rapidly emerging last night as a possible trigger for an American invasion.
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/ 21 February 2003
The Namibian government has threatened commercial farmers with five years behind bars after most of them failed to complete forms regarded as crucial in the determination of commercial land holding in the country.
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/ 21 February 2003
The South African economy is buffered to some extent from the current downturn in economic growth experienced globally thanks to its improved export competitiveness and rising share of export markets, according to Minister of Trade and Industry Alec Erwin.
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/ 21 February 2003
Zimbabwe’s struggling economy has received a long awaited breather with the news that the government has devalued the currency for exporters to enable them to convert half their currency at a more competitive official exchange rate.
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/ 21 February 2003
The JSE Securities Exchange South Africa (JSE) was flat at the opening on Friday in very quiet trade. While financials were under a bit of pressure, thin volumes made it difficult to pick up definite trends.
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/ 21 February 2003
Organisers of the cricket World Cup were convinced they would create the same magic for a nation that hasn’t had many similar memorable moments since 1995. But few black fans have come to the party.