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Absa Bank

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Article
/ 13 February 2008

KZN judge returns Sexwale shares

KwaZulu-Natal (KZN) Judge President Vuka Tshabalala said on Wednesday that he had returned all the shares in Absa Bank worth millions of rands, which were given to him by a consortium headed by businessman Tokyo Sexwale. ”I have returned the shares. That’s the end of the matter,” said Tshabalala.

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Article
/ 11 February 2008

‘Tired’ JSE led down by weak world markets

A tired-looking JSE was 89 points in the red by noon on Monday as weak global markets continued to weigh. By midday, the broader all-share index had shed 0,32%. The gold-mining index pulled back 1,42%, resources added 0,05% and the platinum-mining index was up 0,97%. Industrials fell 0,77%, financials were down 0,29% and banks gave up 0,29%.

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/ 11 February 2008

Absa sees higher 2007 earnings

Absa, South Africa’s biggest retail bank, said on Monday it expects group headline earnings per share and EPS to be between 15% and 19% higher in 2007. Absa, which is majority-owned by Britain’s Barclays, said headline EPS and EPS for the bank unit would be between 25% and 28% higher than the previous year.

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/ 21 December 2007

Stofile: ‘Balance is needed’

Sport and Recreation Minister Makhenkesi Stofile spoke to Lucky Sindane about the new Sports Amendment Act, which allows government to intervene in all sporting matters. He said that once the playing grounds have been levelled, our children will start from the same starter blocks with an equal preparation and opportunity to win.

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Article
/ 20 December 2007

November PPI slows to 9,1%

South Africa’s producer price inflation (PPI) slowed to 9,1% year-on-year in November, below forecasts, from a 9,5% rise in October. On a monthly basis, PPI rose by 0,3% after a 1,1% jump in October. Economists had forecast that annual PPI would come in at 9,7%, while the monthly rate of increase was seen at 0,8%.

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/ 1 October 2007

PSL commission payments in spotlight

It has been described by one newspaper as ”splitting the Premier Soccer League [PSL] down the middle.” But what Finance Minister Trevor Manuel described as ”morally reprehensible” commission payments amounting to hundreds of millions of rands to PSL officials has seemingly united 45-million South Africans in outraged opposition to the professional soccer organisation.

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/ 7 September 2007

It is 4.45pm at Meadowlands High School in Soweto. On the football field five different teams from around the area gather to prepare for their next league match. Two teams are using the partly grassed and already dusty field. On the sidelines there are about 20 players from Mighty Solutions FC.

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