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/ 23 October 2006

President: Iran won’t retreat from atomic rights

Iranian President Mahmoud Ahmadinejad said on Monday Western powers were wrong if they thought Iran would retreat under political pressure from its nuclear plans, even as the country faces possible sanctions. Iran faces the prospect of penalties after its case was sent back to the United Nations Security Council for failing to heed a UN demand to suspend uranium enrichment.

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/ 23 October 2006

Mixed farewell to ‘genius’ Schumacher

German Chancellor Angela Merkel on Monday paid tribute to seven-time Formula One champion Michael Schumacher, saying he was one of the biggest German sports stars of all time and had ”brought a bit of genius” to racing. ”You are on the list of the great names of German sport …,” the chancellor told the retired racing ace in a letter published in Bild daily.

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/ 23 October 2006

Don’t panic, Iraq tells US and UK

Iraqi Deputy Prime Minister Barham Salih warned against defeatism and panic on Monday as his United States and British allies came under growing pressure to change their Iraq strategy in the face of relentless bloodshed. Salih made clear his anxiety about the change in tone in London and Washington, where senior figures are questioning the current strategy.

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/ 23 October 2006

Smith: SA must adapt to conditions

South Africa captain Graeme Smith has asked his top-order batsmen to adapt quickly to spin-friendly conditions in Tuesday’s crucial Champions Trophy Group B match against Sri Lanka. South Africa, second in the ICC one-day rankings, lost to New Zealand in their opening match on a tricky Brabourne Stadium pitch in Mumbai.

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/ 23 October 2006

Unit trusts: Looking forward to 2010

Hardly a week goes by without much editorial comment on our preparations for the 2010 World Cup. Will our stadiums be ready? Will the new, well-remunerated coach be the answer to Bafana Bafana’s woes? On a slightly less exciting, but no less important, note, we try to predict what the South African unit-trust industry will look like by then.

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/ 23 October 2006

More white farmers face eviction in Zim

At least 40 more white farmers face eviction in Zimbabwe after they received orders from the government to cease operations and vacate their land, a farmers’ union said on Monday. ”So far 40 eviction notices have been given out by the government,” Emily Crookes, a spokesperson for the Commercial Farmers’ Union, said.

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/ 23 October 2006

Fletcher must go, says Boycott

Former England captain Geoffrey Boycott has called for Duncan Fletcher to be axed as coach following the side’s comprehensive defeat to Australia in a Champions Trophy group match on Saturday. ”If you talk to people like John Wright and Bob Woolmer, successful coaches with a lot of experience, they will tell you that the job comes with a shelf-life,” Boycott wrote in Monday’s Daily Telegraph.

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/ 23 October 2006

Lacklustre JSE treads water

The JSE was treading water just after midday on Monday in extremely quiet, lacklustre trade. While a weaker currency knocked banks, it failed to significantly boost rand hedges. At 12.02pm, the all-share index was off a neither-here-nor-there 0,02%, while the all-share industrial index dipped 0,06%. Financials had fallen 0,35% and the banks index had dropped 1,52%.

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/ 23 October 2006

Jo’burg university hit by fire

A fire broke out in the administration block of the University of Johannesburg campus in Doornfontein on Monday morning, emergency services said. Spokesperson Malcolm Midgley said the blaze was extinguished before 7.15am. ”We are now busy with the ventilation of the building. The investigator is at the scene to determine the cause of the fire.”