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/ 17 January 2008

Outrage mounts over power cuts

Outrage over the country’s ongoing power cuts spread among business, agricultural and political sectors on Thursday as Eskom announced that the risk for continued cuts over the weekend remained high. ”Load shedding will continue today [Thursday] until after evening peak and the possibility of load shedding remains high,” said Eskom.

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/ 17 January 2008

DA sends ‘wish list’ to Gauteng premier

A ”wish list” of proposals that could improve service delivery has been sent to the Gauteng premier, the Democratic Alliance said on Thursday. Spokesperson and member of the provincial legislature Jack Bloom compiled the list. It has been sent to Premier Mbhazima Shilowa, and includes the actions Bloom believes would improve service delivery.

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/ 17 January 2008

R37,9bn deal firms Anglo’s iron-ore position

Anglo American, the world’s second-largest resources group, on Thursday strengthened its iron-ore portfolio by announcing a $5,5-billion (R37,9-billion) deal that will see it take control of key projects in Brazil. The group is holding exclusive negotiations with Mineração e Metálicos’s controlling shareholder, Eike Batista.

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/ 17 January 2008

Survey: $1 000 gold possible in 2008

"We have to start viewing $1&nbsp;000 as a clear possibility for later this year," precious-metals consultancy GFMS said on Thursday. Releasing its <i>Gold Survey 2007: Update 2</i>, the consultancy projected an average gold price of $840 an ounce over the first half of 2008 with further increases possible later in the year.

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/ 17 January 2008

Home builders to feel the heat

If the South African Reserve Bank needs further evidence of the dampening effect of higher rates on real economic activity, recent building data has been just that, according to independent economic analysts. A major challenge facing the government is also the extreme escalation in building costs.

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/ 17 January 2008

Polly gets set for farewell series

Shaun Pollock said he didn’t want his final round of international matches to be a ”Polly parade” but it is inevitable that South Africa’s star all-rounder will be feted as he makes his last appearances at the country’s major grounds during a five-match one-day international series against the West Indies, which starts at Centurion on Sunday.

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/ 17 January 2008

Survey: China knocks SA from top gold-producer spot

Emerging global superpower China has dethroned South Africa as the world’s largest gold producer after 102 years of holding the prestigious title, precious metals consultancy GFMS said on Thursday. GFMS executive chairperson Philip Klapwijk drew attention to this historic event at the launch of GFMS’s <i>Gold Survey 2007 — Update Two</i>.

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/ 17 January 2008

DA: Power cuts could undermine SA’s growth

South Africa’s future growth could be severely compromised by the country’s lack of sufficient power capacity, the Democratic Alliance (DA) said on Thursday. DA spokesperson Hendrik Schmidt said: ”South Africa’s lack of reserve power capacity has now reached catastrophic proportions and if left unchecked threatens to undermine future growth prospects.”

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/ 17 January 2008

Fernandez to miss Cup clash against Angola

South Africa goalkeeper Rowen Fernandez has been ruled out of the African Cup of Nations Group D clash against Angola in Ghana next Wednesday. The national football association said the Germany-based custodian injured several fingers in a warm-up match against Mozambique last Sunday and was a spectator when South Africa beat Botswana 2-1 on Wednesday.

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/ 17 January 2008

Weaker Anglo, BHP Billiton soften JSE

Resource heavyweights Anglo American and BHP Billiton forced the JSE to turn around from its positive start, dragging it lower by midday on Thursday. At noon, the broader all-share index shed 0,44% as resources lost 2,07%. The platinum- and gold-mining indices pulled back 1,14% and 0,27% respectively.

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/ 17 January 2008

Power cuts to continue on Thursday

Power cuts are set to continue on Thursday, the Tshwane municipality said. ”Once again, load-shedding is due to Eskom generation constraints,” said municipal spokesperson Console Tleane. He said there was a slim chance that load-shedding would not be as ”intense” on Friday.

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/ 17 January 2008

Mbeki visits Zimbabwe as talks intensify

South African President Thabo Mbeki travels to Zimbabwe on Thursday to meet officials of the ruling Zanu-PF and main opposition parties after reports that a deal to end a political crisis was imminent. Mbeki has been mediating talks between Zimbabwe President Robert Mugabe’s government and the Movement for Democratic Change for nearly a year.

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/ 17 January 2008

Absa says it expects another rate hike

The South African Reserve Bank (SARB) is expected to hike interest rates by a further 50 basis points at the end of January, Absa’s economic research unit said on Wednesday. This was in spite of retail trade sales data released earlier by Statistics South Africa showing that consumer spending continued to buckle.

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/ 16 January 2008

Deputy chief justice to answer ANC critics

Deputy Chief Justice Dikgang Moseneke will answer his critics in the African National Congress (ANC) in a statement to be issued on Thursday. The ANC’s national working committee has accused Moseneke of showing disdain for delegates to its national conference in December last year in remarks made at his recent 60th birthday party.

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/ 16 January 2008

SA warns over slow pace of Sudan peacekeeping

South Africa wants countries who have promised troops for the peacekeeping operation in Sudan’s Darfur region to speed up their deployment. ”If we don’t get fast movement of the forces, their full deployment and the technical assistance, then the whole comprehensive agreement … could be endangered,” Deputy Minister of Foreign Affairs Aziz Pahad said on Wednesday.

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/ 16 January 2008

Case of former Oprah school matron postponed

A court on Wednesday postponed the case of abuse against a former dormitory matron of United States talk-show host Oprah Winfrey’s girls academy. Virginia Mokgobo (27) appeared in the Sebokeng Magistrate’s Court to face charges of indecent and common assault, soliciting a minor to perform indecent acts and verbal abuse.

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/ 16 January 2008

Do you have tips for Manuel’s budget?

The Finance Ministry has invited all South Africans to send tips on how the country’s finances should be run to the annual "Tips for Trevor" campaign. Finance Minister Trevor Manuel plainly takes some notice of what the public tells him since he often refers to these tips during his budget speech in Parliament.

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/ 16 January 2008

Ngonyama gets ready to ‘move on with life’

The African National Congress’s (ANC) outgoing head of the Presidency and communications, Smuts Ngonyama, said on Wednesday he would continue doing work for the party, but in a lower profile. ”It’s more or less 10 years that I have been in this role and I accept that I have to move on with life and look at other challenges,” he said.