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/ 20 October 2006

An executive decision

Pearlie Joubert spoke to Patricia de Lille in a week that the Independent Democrats did a political about-turn, coming out in support of the Democratic Alliance’s Cape Town mayor and apologising for voting with the African National Congress in March this year.

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/ 20 October 2006

US takes on grim reality of Iraq

The Baker report on an exit strategy from Iraq, leaked this week in the United States, is as sensible as it is sensational. It rejects ”staying the course” as no longer plausible and purports to seek alternatives to just ”cutting and running”. Stripped of political sweetening, it concludes that there is none.

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/ 19 October 2006

One more race for Schumacher

And then there was one. One race, this weekend’s Brazilian Grand Prix, the final race of the Formula One season to decide the drivers’ title between Fernando Alonso and Michael Schumacher. One race to determine the team crown between Renault and Ferrari. And one last race in Schumacher’s career.

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/ 19 October 2006

Oil prices firm as traders eye Opec

Crude futures edged upwards on Thursday as traders awaited an official output decision from a meeting of Organisation of the Petroleum Exporting Countries (Opec) oil ministers in the Qatari capital of Doha. New York’s main contract, light sweet crude for delivery in November, gained 25 cents to ,90 per barrel in pit trading.

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/ 19 October 2006

Moody’s sees no danger to SA’s credit rating

Recent financial-market turmoil will not impact South Africa’s Baa1 credit rating, which is backed by low external debt ratios and solid fiscal position, Moody’s analyst Kristin Lindow said on Thursday. Lindow said the rating had already taken into account potential exchange-rate volatility and a wide current-account deficit.