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/ 29 November 2006
The JSE held onto its gains at midday on Wednesday amid positive world markets. By 12pm, the all-share index had gained 0,40%, thanks to a 0,58% rise in the industrial index and a 0,47% increase in the resources index. The platinum-mining index was up 0,36%, but the gold-mining index gave up 0,37%.
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/ 29 November 2006
The increase in South Africa’s consumer-price index, excluding mortgage-rate changes, for metropolitan and other areas, which is used by the South African Reserve Bank for its inflation target, was up 5% year-on-year (y/y) in October after a 5,1% y/y increase in September, Statistics South Africa said on Wednesday.
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/ 29 November 2006
The African National Congress could lose control of the Beaufort West municipality because of the resignation of councillor Truman Prince, the South African Broadcasting Corporation reported on Tuesday. His departure paved the way for a coalition between the Independent Civic Organisation of SA, the Democratic Alliance and the Independent Democrats.
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/ 29 November 2006
Ailing Cuban leader Fidel Castro said on Tuesday that he was not well enough to attend the opening of several days of events celebrating his 80th birthday. Castro said in a message that was read out to 5 000 supporters and admirers from dozens of countries that doctors had not allowed him to attend a gala in Havana’s Karl Marx theatre.
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/ 29 November 2006
North Korea wants sanctions dropped and the United States to free its overseas bank accounts as preconditions for dismantling its nuclear programme, Yonhap news agency said on Wednesday, terms likely to become a sticking point in negotiations.
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/ 29 November 2006
South African Finance Minister Trevor Manuel said on Tuesday that South Africa’s economy was on track to reach the 4,4% growth forecast in 2006 as set out in the Medium Term Budget Policy Statement, but at the same time he pointed to a few dark clouds on the horizon that needed to be kept in check.
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/ 29 November 2006
Gloria left Nigeria hoping to make enough money in Europe to lift her family out of poverty. Three years later, she came home a penniless ex-prostitute. The nightmare began when a family friend offered to help her get from Benin City to Italy.
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/ 29 November 2006
”Last week’s Mail & Guardian posters seemed to have been taken over by Cell C. When I saw the first poster, which claimed that ‘Thabo’ had moved to the network, I was briefly confused. Which Thabo, I wondered? The penny quickly dropped as the pattern repeated itself. ‘Tokyo’, even ‘Branson’ had all moved, presumably taking their numbers with them,” writes the M&G‘s ombudsman Franz Krüger.
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/ 29 November 2006
Government troops have regained control of the eastern Democratic Republic of Congo town of Sake, although clashes with rebel forces continued around the municipality for the fourth straight day, a United Nations official said on Tuesday. The integrated brigade has retaken control of Sake” and three surrounding hills, said UN mission spokesperson Ajay Dalal.
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/ 29 November 2006
The poisoning in London of a former KGB officer, Alexander Litvinenko, will damage investor confidence in Russia, the primary trade association representing those doing business between Britain and Russia warned on Tuesday. The warning comes at a time of unprecedented interest in Russian companies raising money on the London Stock Exchange.