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/ 25 October 2004

JSE seen down on US markets

The JSE Securities Exchange is expected to open weaker on Monday amid a surging rand and a weak close on United States markets on Friday. At 8.40am the all share index futures were 148 points, or 1,39%, in the red after 67 contracts had traded, but the industrial index futures were yet to trade.

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/ 25 October 2004

Auto Africa is here

It’s the biggest automotive exhibition on the continent, and it takes place at Johannesburg’s Nasrec centre this week. Over 300 exhibitors are utilising a record 73 000 square metres of exhibition space to show off the latest model cars, bikes and quads, as well as support products and accessories. There will also be a host of outdoor activities for the more energetic visitors to participate in.

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/ 25 October 2004

The new Caddy will take you places

In the sixties and seventies Volkswagen’s Kombi was amazingly popular amongst young men, and for good reason. Legions of girls entered thousands of converted VW panel van campers, only to emerge shortly afterwards as full-blown women. The new Volkswagen Caddy may not be quite as rebellious or spacious as the Kombi, but it’s just as sexy.

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/ 25 October 2004

A need to serve

Bukelwa Selema didn’t train as a teacher. She trained as a nurse and then taught nurses. But in 1989, when she went on maternity leave, she realised that her real interest lay in community work – and decided not to return to nursing.

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/ 25 October 2004

A social pressure cooker

"For most Koreans, school days are a stressful time filled with pressure and expectations. While Western children are hitting the beaches or relaxing at malls, Korean students are hitting the books – hard." Richard Kirby describes the unforgiving culture of excellence in South Korean schools.

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/ 25 October 2004

Manuel planning forex surprise?

Budget reform has made the government’s tax and spending plans so predictable that markets now tend to react to the annual Medium Term Budget Policy Statement with a yawn. But the private sector is hoping that Minister of Finance Trevor Manuel will spice up his speech today with an announcement on foreign exchange regulations.

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/ 25 October 2004

What Tito could have done

The Reserve Bank should have announced another 50 basis point reduction in the repo rate after the meeting of its monetary policy committee recently. After making a strong case for a benign inflation outlook and indicating that inflation was likely to stay within the 3% to 6% boundaries of the target range over the next two years, the committee did an about-face, writes economist Basil Moore.

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/ 25 October 2004

The president without a capital

When Abdullahi Yusuf Ahmed was sworn in as Somalia’s new president earlier this month in Kenya, cautious optimism was expressed at the fact that a new chapter appeared to be opening for the embattled East African country. Diplomats and political analysts warn now that it is essential for Yusuf to return to the Somali capital, Mogadishu, as soon as possible to cement the legitimacy of his government.