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/ 26 June 2006

Federer back in familiar surrounds

Roger Federer insisted on Sunday that a fourth successive title rather than breaking records is motivating him ahead of Wimbledon. Swiss ace Federer (24) can become only the third player in the open era to win Wimbledon four times in a row if he triumphs again at the All England club championships, which start on Monday.

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/ 26 June 2006

Scolari shrugs off yellow fever

Coach Luiz Felipe Scolari shrugged off the chaos that marred Portugal’s 1-0 win over The Netherlands, officially the dirtiest match in World Cup history with an accumulated 20 yellow and red cards. The Brazilian said while Deco should not have been one of the four players sent off, similar scenes were relatively common in South America.

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/ 26 June 2006

Hedged bet paid big time

Last week proved how fast a market can move. It showed that, even if you suspect a correction is likely, when exactly it is going to happen will always be a surprise. On June 5, I investigated options open to investors who were concerned that the market may be facing a major correction, in the region of 15%.

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/ 26 June 2006

Have PC, will invest

After the shocking details Pension Funds Adjudicator Vuyani Ngalwana brought to light on the hefty sales commissions and administration fees pocketed by assurers, you would have thought South Africans had learnt to avoid middlemen and invest directly in the stock market by now. Yet there are only about 200 000 South Africans who buy shares.

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/ 26 June 2006

No equity partner for SAA, says Erwin

No strategic equity partner is being contemplated for state-controlled South African Airways (SAA) "at this stage", Minister of Public Enterprises Alec Erwin reports. "The airline industry is a difficult and highly competitive one. To meet these challenges the [public enterprises] department is continually attempting to improve its risk management in regard to SAA."

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/ 26 June 2006

Beckham bends it back at critics

David Beckham hit back at his critics with a trademark freekick against Ecuador that took England into the World Cup quarterfinals, and he was revelling in his moment of glory. The England captain curled his shot past Cristian Mora in the 60th minute to hand his side a 1-0 win and a showdown with Portugal.

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/ 26 June 2006

Blair: More hard work to end Africa’s poverty

British Prime Minister Tony Blair is to try to push poverty reduction back onto the group of eight (G8) agenda in a speech on Monday, warning it will take "hard work for years to come" to tackle extreme poverty in Africa. Blair was expected to restate his commitment to the aims set out last year at the G8 summit in Gleneagles, Scotland.

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/ 26 June 2006

East Timor’s embattled prime minister resigns

East Timor’s Prime Minister Mari Alkatiri, widely blamed for triggering last month’s bloody unrest, resigned on Monday in a move expected to ease tensions in the impoverished nation. The announcement sparked jubilation on the streets of the violence-hit capital Dili, where truckloads of protestors cruised the streets waving red, yellow and black East Timorese flags with horns blaring.