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/ 26 October 2005
South Africa’s consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank for its inflation target, rose by 4,7% year-on-year (y/y) in September after increasing by 4,8% y/y in August, Statistics South Africa said on Wednesday.
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/ 26 October 2005
Three people have died from suspected typhoid fever in the Nongoma area in northern KwaZulu-Natal, the provincial health department said on Wednesday. The first person died in September and the last one died on Sunday, said departmental spokesperson Desmond Motha.
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/ 26 October 2005
South Africa’s highest-paid municipal manager, Mike Sutcliffe, intends giving his performance bonus away, media reports said on Wednesday. Instead, he planned to give the money to a municipal development fund ”where it will be of more benefit”.
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/ 26 October 2005
Listed health, beauty and pharmacy retailer New Clicks Holdings has reported a 13,3% decline in its diluted headline earnings per share from all operations for the year to the end of August 2005, to 63,2 cents from 72,9 cents a year earlier. The company described its results as "disappointing".
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/ 26 October 2005
Gold Fields reported September 2005 quarter net earnings of R39-million on Wednesday, compared with a loss of R27-million in the June 2005 quarter and earnings of R89-million for the September quarter of 2004. It said in US dollar terms net earnings for the September 2005 quarter equated to -million, compared with a loss of -million in the June 2005 quarter.
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/ 26 October 2005
Zimbabwe’s main opposition party, the Movement for Democratic Change, is to be investigated over ,5-million in illegal funds it is said to have received from Ghana, Nigeria and Taiwan, a state-controlled newspaper reported on Wednesday. Under Zimbabwe’s Political Parties Finance Act it is illegal for local parties to receive foreign funding.
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/ 26 October 2005
Anglo American, one of the world’s largest mining groups, plans to reduce its shareholding in gold miner AngloGold Ashanti in order to give it more flexibility to pursue its own strategic agenda, the company said on Wednesday. It may also opt to establish pulp and paper group Mondi as an independent business.
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/ 26 October 2005
Listed clothing and homeware retailer Foschini will open its very first @home livingspace store on Thursday, a larger-format version of its @home chain offering an expanded range of home decor and furniture. The first @home livingspace store will open in the new Willowbridge shopping centre in Tygervalley, Cape Town.
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/ 26 October 2005
The South African Reserve Bank (SARB) will not allow the impact of high oil prices to develop into an inflationary spiral, SARB Governor Tito Mboweni warned on Tuesday night. He said the SARB will continue to give explicit content to the CPIX (consumer inflation less mortgage costs) rate target range set by the government.
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/ 26 October 2005
White House lawyers really have their hands full: Top Bush administration aides are under investigation, the president wants to secure a Supreme Court seat for his top legal aide — and a satirical website is using the presidential seal. Preventing The Onion from using the symbol of United States presidential power became an official matter after a White House lawyer asked the online magazine to remove the seal from its website.