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/ 19 October 2006

Inflation seen down, no reprieve on rates

South Africa’s main inflation rates are expected to have dipped in September on lower fuel and electricity prices, but the reprieve is unlikely to ward off further interest rate hikes. The annual increase in the targeted CPIX inflation index is likely to have remained steady at 5% last month, but headline inflation and factory gate prices are forecast to have fallen.

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/ 19 October 2006

No end to Eastern Cape’s financial shambles

The Eastern Cape provincial administration was unable to account for R30,2-billion out of R34,1-billion (88,5%) it spent during 2005/06, the Public Service Accountability Monitor said on Thursday. The Eastern Cape auditor general issued five provincial departments with disclaimers for the 2005/06 financial year. These include the four major service-delivery departments.

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/ 19 October 2006

The case of the hit-and-run galaxy

A South African astronomer has made a startling discovery about one of the world’s most closely studied galaxies. A team of scientists led by David Block from the University of the Witwatersrand has found new evidence that the Andromeda galaxy was involved in a violent head-on collision with its neighbouring dwarf galaxy more than 200-million years ago.

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/ 19 October 2006

Will you leave your car at home?

What would it take for motorists to leave the comfort of their cars and venture on to daunting public transport? With traffic congestion choking economic activity, the government has caught on to international concepts like Car-Free Day — taking place on Friday — that aim to encourage people to do just that.