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/ 1 November 2004

Last desperate days of US campaign

<img src="http://www.mg.co.za/ContentImages/140248/USA2.GIF" align=left>The three words that were on everyone’s mind did not escape John Kerry’s lips when the soaring notes of the gospel choir faded away and he rose before the congregation. With just 48 hours to go before his fate is decided, the Democratic candidate was determined to return to the closing message of his campaign — his promise of better jobs, health care and education.
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/l3.asp?cg=BreakingNews-InternationalNews&ao=124699">Republicans battle to the last</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-InternationalNews&ao=124677&t=1">Bush wins boost from terror tape</a>
<li><a class=’standardtextsmall’ href="http://www.mg.co.za/Content/pd.asp?cg=BreakingNews-InternationalNews&ao=124657">Bin Laden’s warning to the US</a>

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/ 1 November 2004

Exchange control eased

The practical effects of exchange control liberalisation depend largely on how the Reserve Bank views risk, according to tax experts. This week, Finance Minister Trevor Manuel announced the scrapping of exchange controls for South African companies wishing to invest offshore. However, transactions are still subject to approval by the Reserve Bank.

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/ 1 November 2004

SA’s reserved bank

Recently, Professor Basil Moore pointed out the extraordinary economic and social punishment meted out by the Reserve Bank’s very high real interest rate policy, amid desperate unemployment. The current singular aim of inflation targeting is the mirror image of the International Monetary Fund’s narrow market fundamentalism. There is so much more the government could be doing than merely managing inflation.

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/ 1 November 2004

Changing of the elephant guard

"There is a Shangaan proverb that says the elephant is ours," claims Michael Masuluke, a representative from a community living next door to the Kruger National Park. "It means that if there is a job to be done, it must be done by all of us." His words echoed the sentiments of about 200 serious-minded environmentalists gathered at the Great Elephant Indaba in the Kruger recently.

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/ 1 November 2004

Into the storm

Last Tuesday’s vote, in which the Knesset approved Israel’s disengagement from the Gaza Strip, is only the start of a long process. The numerous opponents of the disengagement — principally from the right — are lying in ambush, and it is far from certain that the programme will be carried out. While the pull-out may be traumatic for those forced to leave, it could be a first step towards peace with the Palestinians.

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/ 1 November 2004

Telkom: The squirm factor

Fixed-line monopoly Telkom was the subject of speculation recently about what would have been one of the biggest black economic empowerment deals ever. Reports were that 15,1% of Telkom, worth about R6-billion, was available to an empowerment grouping. Names mentioned were not only African National Congress big-hitters, but also people who had been in the government. Reg Rumney takes a closer look.