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/ 24 April 2008

SA boosts Table Mountain security to fight crime

Authorities are boosting security at Table Mountain to fight crime, which has caused a drop in tourist numbers, a Cape Town city official said on Thursday. Councillor Simon Grindrod said the mountain’s Signal Hill area — popular with lovers seeking a secluded spot or tourists wanting unparalleled views across Table Bay — will have 24-hour security.

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/ 24 April 2008

Reserve Bank warns on household debt, oil

The South African Reserve Bank warned on Thursday that high household debt was a potential source of vulnerability and the growth in non-performing loans must be closely monitored. Elevated and volatile oil prices could also impact on economic and financial stability through higher inflation, interest rates and on an already large current-account deficit, it said.

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/ 24 April 2008

Platinum Stars face major challenge

Platinum Stars face the biggest match of their short history when they host the African club of the century, Al Ahly, in an African Champions League showdown at Atteridgeville’s Super Stadium on Saturday. Facing the holders of the Champions League title — arguably the best and most successful club side in Africa — does not scare Stars.

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/ 24 April 2008

JSE sharply down in midday trade

The JSE was sharply weaker at noon on Thursday, led by banks after worse-than-expected factory-gate price inflation data pretty much sealed the case for another interest-rate hike in June, traders said. By 11.54am the JSE’s broader all-share index was down 0,96%, weighed by a 1,99% drop in banks.

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/ 24 April 2008

ATM bombed in KwaZulu-Natal pub

An Absa ATM situated inside a Newcastle pub was blown up, police said on Thursday. Captain Shooz Magudulela said the incident took place in Newcastle’s industrial area late on Wednesday night. ”A security guard was found tied up this morning [Thursday] and he had been like that since 9pm last night,” he said.

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/ 24 April 2008

New Clicks first-half earnings rise

South African drugs and cosmetics retailer New Clicks said on Thursday first-half diluted headline earnings per share (EPS) rose 25,8% helped by health and beauty sales despite a tightening economy. The company said headline EPS, the main profit gauge in South Africa, which strips out non-trading, capital and certain extraordinary items, was 67,8 cents.

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/ 24 April 2008

Mpofu: SABC is resisting political pressure

South African Broadcasting Corporation (SABC) chief executive Dali Mpofu has conceded that the public broadcaster is under political pressure, but said it was resisting this pressure, Business Day reported on Thursday. ”The test is if you can withstand political pressure,” he said at a conference on media and electoral democracy held in Pretoria on Wednesday.

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/ 24 April 2008

Ajax back on top

Ajax Cape Town’s brave 2-0 win over Orlando Pirates at the Athlone Stadium saw them reclaim their position at the top of the Absa Premiership standings. There was action from the outset as Ajax started the game at a cracking pace, with Nhlanhla Shabalala and Nathan Paulse bringing out saves from Bucs keeper Senzo Meyiwa within the opening six minutes.

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/ 23 April 2008

First SA athletes named for Beijing team

South African athletes will not be given specific targets for Beijing, but will aim to better previous records and enjoy the challenging experience of the Olympic Games. The first batch of names of athletes and officials who will form part of Team SA were announced at Olympic House in Johannesburg on Wednesday.

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/ 23 April 2008

Safa confirms Santana as new coach

The South African Football Association (Safa) has finally confirmed the appointment of Joel Santana as coach of Bafana Bafana, following the resignation of Carlos Alberto Parreira on Monday. The worst-kept secret in local soccer was confirmed in a press release from the body on Wednesday.

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/ 23 April 2008

Confession of a hit man

In the agony of remorse, one of the men arrested for Taliep Petersen’s murder painstakingly wrote out a 15-page confession detailing his role in the murder. But it was Taliep’s wife, Najwa, who actually pulled the trigger after giving her husband a last embrace, Waheed Hassen said.

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/ 23 April 2008

Schabir Shaik still in hospital

Fraud convict Schabir Shaik is still a patient at Durban’s Inkosi Albert Luthuli Hospital, KwaZulu-Natal’s health department said on Wednesday. Spokesperson Sibonela Msomi said that media reports stating Shaik was back in prison were incorrect. ”He is still being treated at hospital and we don’t know when he will be discharged,” said Msomi.

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/ 23 April 2008

MTN first-quarter subscribers rise 11%

Cellphone operator MTN Group said on Wednesday subscribers rose 11% to 68,2-million in the first quarter from the fourth quarter, lifted by its Iran operation. MTN Group, which anticipates adding 16-million subscribers by the end of 2008, said its Iran subscribers soared 50% to 9,02-million customers.

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/ 23 April 2008

Transnet hit by powers cuts

Power cuts are hitting Transnet’s service, its chief executive, Maria Ramos, announced in Johannesburg on Wednesday. The power cuts are a problem, particularly as far as the company’s expansion projects are concerned, she said. ”We were affected and we are from time to time affected by the power issues — like everybody else.”