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/ 20 November 2006

JSE heads higher as metals recover

The JSE was looking to snap its three-day losing streak on Monday with a recovery in precious-metals prices lifting resources stocks. News was a little on the sparse side and dealers said that the market was quiet. By 11.48am, the all-share index added 0,65%. Resources rallied 1,51%, the platinum-mining index surged 4,04% and the gold-mining index jumped 2,82%.

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/ 20 November 2006

Angola could be ‘China of the African continent’

Credit Guarantee said on Monday it had reviewed and upgraded its credit ratings of four of South Africa’s trading partners and had also re-rated Angola as open for export cover. "Having emerged from under the cloud of civil war, enormous opportunities now exist in the construction, agricultural, infrastructural, tourism and oil/mining-linked sectors [of Angola]," said Credit Guarantee.

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/ 20 November 2006

Nasdaq launches $5,1-billion bid for LSE

United States stock exchange Nasdaq launched a £2,7-billion (,1-billion bid for the London Stock Exchange (LSE) on Monday and strengthened its hand by buying more shares in the market. Nasdaq, which had built up a 25% stake after a previous bid was rebuffed, said it was offering to pay 1 243 pence a share in cash for the rest of the company.

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/ 20 November 2006

Young ballerina teaches Alexandra to dance

Ballerina Penelope Thloloe, who ”survived” being the first black student at South Africa’s national arts school, now devotes her energy passing on her skills to children in Alexandra. Thloloe is a study in concentration as she trains students in the sprawling black township abutting Johannesburg’s chic Sandton quarter, where she still lives.

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/ 20 November 2006

Waiting to be born

On my arrival at the University of KwaZulu-Natal recently, one academic commented on "how frightened people are to speak". I soon discovered this for myself. Some academics apologetically withdrew from agreements to meet; others insisted that our meetings be off-campus, writes the <i>Mail & Guardian</i>’s David Macfarlane.

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/ 20 November 2006

SA Rugby: White won’t be fired

South African Rugby would have to spend more than R20-million to get rid of Springbok coach Jake White, Beeld newspaper reported on Monday. SA Rugby president Oregan Hoskins had denied rumours that White may be fired before the end of the South African team’s tour of Europe.

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/ 20 November 2006

Ecstasy then agony for Tugay

Blackburn midfielder Tugay went from hero to villain as Tottenham’s Jermain Defoe salvaged a 1-1 draw at Ewood Park. Tugay scored a stunning goal to put Blackburn ahead but the Turkish star was then sent off after giving away the penalty that led to Defoe’s second half equaliser.