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/ 23 May 2008

JSE extends losses on profit taking

The JSE extended losses at midday on Friday as profit taking-induced selling on resources offset modest gains among banks and financials, traders said. At 12.03pm, the JSE’s all-share index was down 1,24%, weighed by a 1,75% drop in resources. The gold mining index was off 0.18% but the platinum mining index added 0,17%.

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/ 23 May 2008

Andre Nel back in SA Test squad

Andre Nel is back in the Proteas Test squad for the four-match cricket series against England, to be played in July and August. Cricket South Africa selection committee convener Joubert Strydom on Friday announced a squad of 15 that consists of Nel plus the 14 players who did duty on the recent tour of India.

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/ 23 May 2008

Violence adds to economic woes

Anti-foreigner violence in South Africa has already hit the mining sector, a mainstay of the domestic economy, and threatens to undermine confidence among international investors, analysts say. Even before the unrest broke out, the outlook for the South African economy was clouded by uncertainty.

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/ 23 May 2008

Pahad decides to throw in the towel

Minister in the Presidency Essop Pahad will not be available to serve in public office after next year’s elections, a media report said on Friday. Pahad is the latest government figure to announce his intentions after Public Enterprises Minister Alec Erwin went public about his resignation, also planned for after next year’s elections.

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/ 23 May 2008

Cape cops on full alert

Cape Town police and refugee organisations are on full alert after two Somalis were robbed and shot dead in Durbanville last weekend. As reports of these killings trickled in from across the Cape peninsula, the top three Western Cape policemen ordered every station commander in the city to an emergency meeting on Tuesday.

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/ 22 May 2008

Gauteng ‘quiet’ as attacks abate

Attacks on foreigners in Gauteng seem to have abated, with police reporting that the situation has been ”quiet” since Wednesday evening. The anti-foreigner attacks broke out in Alexandra last Sunday and have since spread across the province and now into Mpumalanga, the North West and KwaZulu-Natal.

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/ 22 May 2008

SAA, pilots ink wage deal

South African Airways (SAA) and its pilots have reached a three-year salary and restructuring agreement, the airline announced on Thursday. The agreements would facilitate greater labour stability and assist the airline with its return to sustainable profitability, CEO Khaya Ngqula said.

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/ 22 May 2008

The anti-Brazilian

Mpumalanga Black Aces coach Kenny Ndlazi, who will lead his side to the Nedbank Cup final on Saturday at the Johannesburg Stadium, has at least one attribute nobody can take away. He is the only South African coach to occupy the bench when a South African national team beat their Brazilian counterparts.

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/ 22 May 2008

SAHRC: Increase in people living in poverty

More people across all race groups in South Africa are living in relative poverty, a report released by the South African Human Rights Commission (SAHRC) said. The number of white South Africans living in relative poverty has doubled, from 2% to 3,9% since 1997, the number of black South Africans has increased from 50,3% to 57,2%, the commission’s report found.

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/ 22 May 2008

Sheldean murder accused takes the stand

The Pretoria High Court has ruled that a statement to police by the man accused of killing seven-year-old Sheldean Human was admissible as evidence. Acting Judge Chris Eksteen said on Thursday he would only give reasons for his ruling at a later stage. This was after Andrew Jordaan of Pretoria West took the stand on Thursday, claiming he was innocent.

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/ 22 May 2008

DRD Gold says production hit by xenophobia

There had been production setbacks at DRD Gold’s ERPM operation in Primrose on the East Rand due to violent attacks on foreigners, who make up 38% of the workforce. Spokesperson James Duncan said fewer foreign nationals had been reporting for work since Monday and the mine was in a ”loss-making situation”.

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/ 22 May 2008

David vs Goliath in Nedbank Cup

Fate has dealt a cruel hand to Mamelodi Sundowns’ budding right back, Papi Mungomeni. The 23-year-old, who has become a regular in the Brazilians’ starting line-up this season, will miss playing in Saturday’s Premier Soccer League (PSL) showpiece, the Nedbank Cup final against First Division Mpumalanga Black Aces at the Johannesburg Stadium.

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/ 22 May 2008

No Cabinet position for now, says Motlanthe

African National Congress deputy president Kgalema Motlanthe, recently sworn in as an MP, will remain on the back benches of Parliament for now and will not join the Cabinet, he said on Thursday. ”I will be on the back benches. I’m going to have to learn how the institution works,” he told reporters at the International Media Forum in Johannesburg.