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/ 26 March 2008

Tighten your belts, Mboweni warns

South African Reserve Bank Governor Tito Mboweni warned consumers on Wednesday to tighten their belts further as higher food and fuel prices fan out into wider inflation. South Africa’s targeted CPIX inflation has surged through the top end of the bank’s 3%-to-6% band and hit a high of 9,4% year-on-year in February.

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/ 26 March 2008

Mining counters give JSE momentum

Mining counters gave the JSE some extra momentum on Wednesday, pushing the bourse more than a percent higher by midday. At noon, the JSE’s broader all-share index was 1,29% in the black, driven by a 5,45% rally in the platinum-mining index. Resources advanced 2,47% and the gold-mining index rose 1,07%.

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/ 26 March 2008

Layoffs loom for 800 smelter workers

About 800 workers face retrenchment at BHP Billiton’s Bayside aluminium smelter in Richards Bay, the National Union of Metalworkers of South Africa (Numsa) said on Tuesday. Spokesperson Mziwakhe Hlangani said company management confirmed that it will be issuing final notices to the affected workers on the weekend.

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/ 26 March 2008

Inflation jumps to 9,4% in February

The increase in South Africa’s consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank for its inflation target, was 9,4% year-on-year in February from 8,8% in January. The key drivers were higher food and petrol prices.

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/ 26 March 2008

Zim meltdown: SA keeps counsel

South Africa has steadfastly refused to join in the chorus of criticism of Zimbabwe’s President Robert Mugabe despite paying an ever higher price for the crisis across its northern border. As Zimbabwe goes to the polls this weekend, analysts believe South African President Thabo Mbeki may feel little enthusiasm towards Mugabe but will never embarrass his fellow leader.

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/ 26 March 2008

Three in court for Atteridgeville murder

Three men who were arrested in connection with the killings of two foreign nationals in the Brazzaville informal settlement in Atteridgeville were expected to appear in court on Thursday. The investigating officer was busy preparing a docket and the three would appear on murder and damage to property charges in Atteridgeville Magistrate’s Court.

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/ 25 March 2008

Uncle, nephew in court on murder charge

An uncle and his 19-year-old nephew accused of murdering and robbing a petrol station attendant appeared in the Grahamstown High Court on Monday, and pleaded not guilty. The pair are accused of stabbing to death Johannes Mokok (52) at the Barkly East Toyota Service Station, on the evening of October 1 2005.

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/ 25 March 2008

Workers face retrenchment at BHP Billiton

About 800 workers face retrenchment at BHP Billiton’s Bayside aluminium smelter in Richards Bay, the National Union of Metalworkers of South Africa (Numsa) said on Tuesday. Spokesperson Mziwakhe Hlangani said management had confirmed that it would be issuing final notices to the affected workers at the weekend.

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/ 25 March 2008

Sheldean seen with alleged killer, court told

A neighbour of murdered seven-year-old Sheldean Human on Tuesday told the Pretoria High Court that she had seen the girl in the company of her alleged killer, Andrew Jordaan, shortly before her disappearance. Maria de Beer said Sheldean was playing with Jordaan on the pavement outside when she saw them at about 6pm on February 18 2007.

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/ 25 March 2008

TB patients used illness to scare off guards

More than 30 tuberculosis (TB) patients used their illness to scare security and nursing personnel as they ran away from a hospital in Port Elizabeth, Eastern Cape health spokesperson Sizwe Kupelo said on Tuesday. Twenty-five patients with multidrug-resistant TB and eight with extreme drug-resistant TB overpowered guards at the Jose Pearson Hospital on Thursday last week.

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/ 25 March 2008

Mob burns two foreigners to death

A Zimbabwean national was among two foreigners who have been burned to death during an attack by a mob in a slum area close to the Pretoria, police said on Tuesday. The Zimbabwean was repeatedly assaulted before his attackers set fire to his shack in the Brazzaville settlement in Atteridgeville and then threw him inside, police spokesperson Patricia Simelane said.

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/ 25 March 2008

Metro cops deployed to Jo’burg parks

Johannesburg’s metro police have deployed 34 officers to help police by-laws in Johannesburg’s parks, cemeteries and open spaces, City Parks said on Tuesday. They will work with 30 park wardens already policing the areas, as well as community policing forums and the South African Police Service.

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/ 25 March 2008

Survey shows slight shift in favour of Zuma

Attitudes towards Jacob Zuma becoming president of South Africa appear to have shifted slightly in his favour, a survey of 2 000 people indicates. People were asked in February to agree or disagree with the statement: ”If Jacob Zuma becomes president in 2009, it will bring disaster to South Africa”, TNS Research Surveys said on Tuesday.

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/ 25 March 2008

Sasol unveils SA’s biggest empowerment deal

Fuels and petrochemicals group Sasol will sell a 10% stake in the company to black investors in South Africa’s biggest black economic empowerment transaction to date, worth R25,9-billion. Sasol, the world’s top maker of oil from coal, said the deal involving 63,1-million shares will broaden and transform the group’s shareholder base.

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/ 25 March 2008

Tributes pour in for Kondlo

Ncumisa Kondlo, a member of the African National Congress (ANC) national executive committee (NEC) and deputy chairperson of the South African Communist Party, died in East London on Monday, the ANC said. Kondlo was elected to the NEC in December 2007 and also served on the party’s national working committee.

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/ 25 March 2008

Spies back for the Bulls

Pierre Spies has been included in the Bulls side to play the Blues in a Super 14 match in Auckland on Saturday. The inclusion of the Springbok number eight is a major boost for the defending champions, who have won only two of their six matches to date and were outplayed by two of the competition’s weaker sides over the past two weekends.

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/ 25 March 2008

‘Rock bottom’ Bafana tackle Paraguay

Seldom has a friendly international meant so much to 2010 Soccer World Cup hosts South Africa as that against Paraguay on Wednesday. Underperforming Bafana Bafana need a win to silence a growing band of critics, led by Sports Minister Makhenkesi Stofile, Parliament sports committee chairperson Butana Komphela and several top first-division coaches.

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/ 25 March 2008

JSE sets new trading record

The JSE set a new trading record of 119 548 trades on Thursday March 20, the exchange reported on Tuesday. This follows what it terms "an exceptionally successful" futures close-out on Thursday, which contributed to the record. "Once again, this reaffirms our position as the number one market for single stock futures in the world," said Russell Loubser, CEO of the JSE Ltd.

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/ 25 March 2008

Patient or prisoner?

For thousands of patients quarantined for up to a year with multidrug-resistant or extensively drug-resistant tuberculosis, the Easter holiday period only reinforces their loneliness. Last December, patients in Gauteng and the Eastern Cape broke out of TB hospitals to be with their families during the festive season.